M&T Bank (NYSE:MTB) Price Target Lowered to $245.00 at Morgan Stanley

M&T Bank (NYSE:MTB) had its target price trimmed by Morgan Stanley from $271.00 to $245.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the financial services provider’s stock.

MTB has been the subject of several other research reports. Wells Fargo & Company boosted their price objective on M&T Bank from $185.00 to $205.00 and gave the stock an “underweight” rating in a research report on Monday, January 5th. Cantor Fitzgerald lifted their price target on M&T Bank from $238.00 to $255.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 3rd. Jefferies Financial Group upped their price target on M&T Bank from $255.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Wall Street Zen cut M&T Bank from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. Finally, Bank of America restated a “neutral” rating and issued a $225.00 price objective on shares of M&T Bank in a research note on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $231.50.

M&T Bank Price Performance

Shares of M&T Bank stock opened at $206.97 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.41. The firm has a fifty day simple moving average of $216.63 and a 200-day simple moving average of $202.69. The stock has a market capitalization of $30.84 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 0.95 and a beta of 0.58. M&T Bank has a 1-year low of $150.75 and a 1-year high of $239.00.

M&T Bank (NYSE:MTB) last posted its earnings results on Friday, January 16th. The financial services provider reported $4.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.47 by $0.25. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $2.47 billion. M&T Bank had a net margin of 21.55% and a return on equity of 10.94%. During the same period last year, the business posted $3.77 EPS. On average, sell-side analysts expect that M&T Bank will post 16.57 earnings per share for the current year.

M&T Bank Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 2nd were paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, March 2nd. M&T Bank’s payout ratio is currently 35.19%.

M&T Bank declared that its board has approved a stock repurchase plan on Tuesday, March 31st that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the financial services provider to buy up to 16.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at M&T Bank

In related news, Vice Chairman Gary N. Geisel sold 887 shares of the company’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $215.79, for a total value of $191,405.73. Following the completion of the transaction, the insider directly owned 16,446 shares in the company, valued at approximately $3,548,882.34. This represents a 5.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kirk W. Walters sold 909 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $227.37, for a total value of $206,679.33. Following the completion of the transaction, the director directly owned 5,976 shares of the company’s stock, valued at approximately $1,358,763.12. This trade represents a 13.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 49,092 shares of company stock worth $11,182,250 over the last 90 days. Insiders own 0.44% of the company’s stock.

Institutional Investors Weigh In On M&T Bank

Institutional investors and hedge funds have recently bought and sold shares of the business. Commonwealth Retirement Investments LLC lifted its holdings in shares of M&T Bank by 0.4% during the 4th quarter. Commonwealth Retirement Investments LLC now owns 10,991 shares of the financial services provider’s stock worth $2,214,000 after acquiring an additional 44 shares during the period. Ransom Advisory Ltd increased its stake in M&T Bank by 2.0% in the fourth quarter. Ransom Advisory Ltd now owns 2,513 shares of the financial services provider’s stock valued at $506,000 after acquiring an additional 50 shares during the period. Wedbush Securities Inc. raised its position in M&T Bank by 2.4% in the fourth quarter. Wedbush Securities Inc. now owns 2,223 shares of the financial services provider’s stock worth $448,000 after purchasing an additional 52 shares in the last quarter. Bank of Jackson Hole Trust raised its position in M&T Bank by 38.7% in the fourth quarter. Bank of Jackson Hole Trust now owns 215 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 60 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake in M&T Bank by 0.3% during the second quarter. Gamco Investors INC. ET AL now owns 20,489 shares of the financial services provider’s stock worth $3,975,000 after purchasing an additional 67 shares during the period. Institutional investors own 84.68% of the company’s stock.

Trending Headlines about M&T Bank

Here are the key news stories impacting M&T Bank this week:

• Positive Sentiment: M&T’s board approved a program to repurchase up to $5.0 billion of common stock — a material capital-return action that should reduce share count, support EPS and is the main catalyst for the rally. Read More. Read More.
• Neutral Sentiment: Analysts and outlets are analyzing whether the buyback plus steady dividend growth are sustainable given capital and stress-test positions — this discussion affects longer-term sentiment but is not an immediate negative. Read More.
• Neutral Sentiment: M&T announced community-focused financing to preserve 200 affordable housing units in Portland — positive for reputation and community banking credentials, but limited direct near-term impact on earnings. Read More.
• Neutral Sentiment: The bank named Denise Viola Monahan regional president for Philadelphia and Southern New Jersey — a routine leadership move that supports regional strategy but is unlikely to move the stock materially. Read More.
• Neutral Sentiment: Market commentary notes the stock rose today but still lags broader market performance, suggesting the buyback is driving the move more than a change in fundamentals. Read More.
• Negative Sentiment: Morgan Stanley cut its price target from $271 to $245 and maintained an “equal weight” rating — a downgrade of upside expectations that could cap near-term broker-driven buying. Read More.

About M&T Bank

M&T Bank Corporation is a bank holding company headquartered in Buffalo, New York, that provides a broad range of banking and financial services to individuals, businesses and institutions. The company operates a commercial and retail banking franchise that includes deposit-taking, lending, and payment services delivered through branch networks, digital channels and commercial banking teams. M&T serves customers across the northeastern and mid‑Atlantic United States and has expanded its geographic footprint through strategic acquisitions.

Its core businesses include commercial banking for middle‑market and community businesses, consumer and retail banking, mortgage origination and servicing, treasury and cash management, and wealth management and trust services.