M&T Bank (NYSE:MTB) Given New $250.00 Price Target at Keefe, Bruyette & Woods

M&T Bank (NYSE:MTB) had its price objective upped by Keefe, Bruyette & Woods from $242.00 to $250.00 in a research note released on Thursday,Benzinga reports. The firm currently has a market perform rating on the financial services provider’s stock.

Several other equities analysts have also recently weighed in on the company. UBS Group raised their price target on M&T Bank from $225.00 to $252.00 and gave the company a “neutral” rating in a report on Tuesday, July 7th. JPMorgan Chase & Co. raised their target price on shares of M&T Bank from $227.00 to $251.50 and gave the company a “neutral” rating in a report on Monday, July 6th. Cantor Fitzgerald upped their price target on shares of M&T Bank from $253.00 to $262.00 and gave the company an “overweight” rating in a research note on Wednesday. Morgan Stanley increased their price objective on shares of M&T Bank from $245.00 to $253.00 and gave the company an “equal weight” rating in a research report on Monday, June 29th. Finally, Wall Street Zen downgraded shares of M&T Bank from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Seven investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $249.50.

M&T Bank Price Performance

Shares of NYSE:MTB opened at $253.65 on Thursday. The firm has a market cap of $37.15 billion, a price-to-earnings ratio of 13.39, a P/E/G ratio of 1.23 and a beta of 0.57. M&T Bank has a fifty-two week low of $174.76 and a fifty-two week high of $254.35. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.94 and a current ratio of 0.89. The firm has a fifty day moving average price of $225.23 and a 200 day moving average price of $218.74.

M&T Bank (NYSE:MTB) last issued its quarterly earnings data on Wednesday, July 15th. The financial services provider reported $5.35 earnings per share for the quarter, beating analysts’ consensus estimates of $4.66 by $0.69. M&T Bank had a return on equity of 11.80% and a net margin of 22.72%.The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same quarter last year, the business posted $4.28 earnings per share. As a group, sell-side analysts expect that M&T Bank will post 18.81 earnings per share for the current fiscal year.

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

M&T Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 1st were paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Monday, June 1st. M&T Bank’s payout ratio is presently 33.59%.

Insider Buying and Selling at M&T Bank

In other news, EVP Christopher E. Kay sold 3,105 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $216.50, for a total value of $672,232.50. Following the sale, the executive vice president owned 6,753 shares of the company’s stock, valued at approximately $1,462,024.50. This represents a 31.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.44% of the company’s stock.

Hedge Funds Weigh In On M&T Bank

Large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in M&T Bank by 3.6% in the fourth quarter. Bank of New York Mellon Corp now owns 1,416,224 shares of the financial services provider’s stock worth $285,341,000 after purchasing an additional 49,336 shares during the last quarter. Canoe Financial LP lifted its stake in shares of M&T Bank by 50.5% during the 4th quarter. Canoe Financial LP now owns 652,744 shares of the financial services provider’s stock worth $131,515,000 after acquiring an additional 219,065 shares during the last quarter. Barclays PLC lifted its stake in shares of M&T Bank by 3.9% during the 4th quarter. Barclays PLC now owns 530,305 shares of the financial services provider’s stock worth $106,846,000 after acquiring an additional 20,120 shares during the last quarter. Davis Asset Management L.P. boosted its holdings in M&T Bank by 23.1% during the 4th quarter. Davis Asset Management L.P. now owns 400,000 shares of the financial services provider’s stock valued at $80,592,000 after acquiring an additional 75,000 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in M&T Bank by 35.4% during the 4th quarter. Russell Investments Group Ltd. now owns 396,531 shares of the financial services provider’s stock valued at $79,954,000 after acquiring an additional 103,692 shares during the period. 84.68% of the stock is owned by hedge funds and other institutional investors.

M&T Bank News Roundup

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

• Positive Sentiment: M&T Bank beat Q2 expectations with diluted EPS of $5.32 and revenue of $2.53 billion, helped by higher interest income, stronger fee/trust income, and improved credit quality. M&T Bank Corporation (NYSE:MTB) announces second quarter 2026 results
• Positive Sentiment: Analysts responded to the earnings beat by raising forecasts and price targets, including Barclays to $267 and Robert W. Baird/KBW to $250, signaling better near-term expectations for the stock. M&T Bank Analysts Increase Their Forecasts After Strong Q2 Results
• Positive Sentiment: Management highlighted record earnings, a robust net interest margin near 3.70%, healthy loan growth, and 2026 net interest income guidance of $7.2 billion to $7.35 billion, which supports the bullish view. M&T Bank Remains A Top Regional Bank To Own
• Neutral Sentiment: Several research firms kept neutral-style ratings despite higher targets, suggesting the latest gains may already reflect much of the earnings upside.
• Neutral Sentiment: Additional coverage focused on the bank’s banking-sector positioning and momentum-stock appeal, but these were largely commentary rather than new fundamentals.

M&T Bank Company Profile

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.