Zacks Research Brokers Boost Earnings Estimates for M&T Bank Co. (NYSE:MTB)

M&T Bank Co. (NYSE:MTB) – Investment analysts at Zacks Research lifted their Q4 2024 EPS estimates for M&T Bank in a research note issued on Monday, May 6th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings of $3.66 per share for the quarter, up from their previous forecast of $3.54. The consensus estimate for M&T Bank’s current full-year earnings is $13.92 per share. Zacks Research also issued estimates for M&T Bank’s Q1 2025 earnings at $3.53 EPS and Q1 2026 earnings at $4.34 EPS.

Several other analysts have also issued reports on MTB. UBS Group boosted their target price on shares of M&T Bank from $139.00 to $154.00 in a research report on Wednesday, January 17th. Piper Sandler reduced their price objective on M&T Bank from $156.00 to $152.00 and set an “overweight” rating for the company in a research note on Friday, January 19th. StockNews.com downgraded M&T Bank from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. Jefferies Financial Group reduced their price target on M&T Bank from $154.00 to $151.00 and set a “hold” rating for the company in a research report on Monday, April 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $160.00 price objective on shares of M&T Bank in a research note on Tuesday, April 16th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, M&T Bank currently has a consensus rating of “Hold” and a consensus price target of $158.48.

M&T Bank Trading Up 2.0 %

M&T Bank stock opened at $151.28 on Wednesday. M&T Bank has a 52-week low of $108.53 and a 52-week high of $151.33. The company has a market cap of $25.21 billion, a P/E ratio of 10.23, a P/E/G ratio of 1.23 and a beta of 0.78. The company has a quick ratio of 0.99, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The business has a 50-day simple moving average of $142.27 and a two-hundred day simple moving average of $135.15.

M&T Bank (NYSE:MTB) last announced its earnings results on Monday, April 15th. The financial services provider reported $3.02 earnings per share for the quarter, missing analysts’ consensus estimates of $3.13 by ($0.11). The company had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.26 billion. M&T Bank had a net margin of 19.52% and a return on equity of 10.68%. During the same quarter in the prior year, the firm posted $4.09 earnings per share.

M&T Bank Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 4th were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $5.20 annualized dividend and a yield of 3.44%. M&T Bank’s payout ratio is 35.16%.

Insider Buying and Selling at M&T Bank

In other M&T Bank news, EVP Doris P. Meister sold 3,961 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $143.60, for a total transaction of $568,799.60. Following the completion of the transaction, the executive vice president now owns 5,000 shares of the company’s stock, valued at approximately $718,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other M&T Bank news, EVP Doris P. Meister sold 3,961 shares of M&T Bank stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $143.60, for a total value of $568,799.60. Following the sale, the executive vice president now owns 5,000 shares of the company’s stock, valued at approximately $718,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Kirk W. Walters sold 16,179 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $148.01, for a total value of $2,394,653.79. Following the transaction, the director now owns 6,348 shares of the company’s stock, valued at $939,567.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 79,020 shares of company stock worth $11,533,507. Insiders own 0.82% of the company’s stock.

Hedge Funds Weigh In On M&T Bank

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Meeder Advisory Services Inc. grew its position in M&T Bank by 3.9% in the first quarter. Meeder Advisory Services Inc. now owns 1,879 shares of the financial services provider’s stock worth $273,000 after acquiring an additional 70 shares in the last quarter. Burns J W & Co. Inc. NY boosted its holdings in shares of M&T Bank by 1.3% in the 4th quarter. Burns J W & Co. Inc. NY now owns 6,034 shares of the financial services provider’s stock worth $827,000 after purchasing an additional 80 shares during the period. First Horizon Advisors Inc. increased its position in shares of M&T Bank by 3.2% during the 4th quarter. First Horizon Advisors Inc. now owns 2,548 shares of the financial services provider’s stock valued at $349,000 after purchasing an additional 80 shares during the last quarter. Fulton Bank N.A. raised its holdings in M&T Bank by 2.3% during the 1st quarter. Fulton Bank N.A. now owns 3,619 shares of the financial services provider’s stock valued at $526,000 after buying an additional 81 shares during the period. Finally, Robinson Value Management Ltd. lifted its position in M&T Bank by 0.3% in the third quarter. Robinson Value Management Ltd. now owns 33,542 shares of the financial services provider’s stock worth $4,241,000 after buying an additional 85 shares during the last quarter. 84.68% of the stock is owned by hedge funds and other institutional investors.

About M&T Bank

M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that engages in the provision of retail and commercial banking products and services in the United States. The company operates through three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management.