Robert W. Baird Boosts M&T Bank (NYSE:MTB) Price Target to $240.00

M&T Bank (NYSE:MTB) had its target price hoisted by investment analysts at Robert W. Baird from $230.00 to $240.00 in a report released on Thursday,MarketScreener reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Robert W. Baird’s price target would suggest a potential upside of 9.61% from the company’s current price.

A number of other analysts also recently commented on the company. Morgan Stanley decreased their price target on M&T Bank from $271.00 to $245.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 31st. Citigroup raised their target price on M&T Bank from $215.00 to $225.00 and gave the stock a “neutral” rating in a research report on Friday, January 2nd. Wall Street Zen lowered M&T Bank from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. Bank of America reaffirmed a “neutral” rating and issued a $225.00 price target on shares of M&T Bank in a report on Wednesday, January 7th. Finally, TD Cowen reissued a “buy” rating on shares of M&T Bank in a research note on Wednesday, January 7th. Eight analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $233.71.

M&T Bank Stock Up 0.9%

Shares of NYSE:MTB opened at $218.96 on Thursday. M&T Bank has a 52-week low of $154.98 and a 52-week high of $239.00. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.96 and a current ratio of 0.88. The business’s 50 day simple moving average is $214.83 and its two-hundred day simple moving average is $204.19. The firm has a market cap of $32.63 billion, a P/E ratio of 12.26, a PEG ratio of 1.08 and a beta of 0.60.

M&T Bank (NYSE:MTB) last posted its earnings results on Wednesday, April 15th. The financial services provider reported $4.18 earnings per share for the quarter, beating analysts’ consensus estimates of $4.02 by $0.16. M&T Bank had a return on equity of 11.35% and a net margin of 22.07%.The company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.43 billion. During the same quarter last year, the company earned $3.32 earnings per share. As a group, research analysts forecast that M&T Bank will post 16.57 EPS for the current fiscal year.

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

Insider Buying and Selling

In other news, Director Kirk W. Walters sold 909 shares of M&T Bank stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $227.37, for a total value of $206,679.33. Following the transaction, the director owned 5,976 shares in the company, valued at approximately $1,358,763.12. The trade was a 13.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael A. Wisler sold 8,237 shares of M&T Bank stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $223.48, for a total value of $1,840,804.76. Following the completion of the transaction, the executive vice president owned 4,643 shares in the company, valued at approximately $1,037,617.64. This represents a 63.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 49,092 shares of company stock worth $11,182,250 in the last ninety days. Corporate insiders own 0.44% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Canoe Financial LP grew its holdings in shares of M&T Bank by 46.8% during the 3rd quarter. Canoe Financial LP now owns 433,679 shares of the financial services provider’s stock worth $85,704,000 after acquiring an additional 138,173 shares during the period. LSV Asset Management boosted its position in shares of M&T Bank by 19.9% in the 3rd quarter. LSV Asset Management now owns 342,400 shares of the financial services provider’s stock worth $67,665,000 after purchasing an additional 56,750 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of M&T Bank by 120.3% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 17,925 shares of the financial services provider’s stock worth $3,542,000 after purchasing an additional 9,788 shares in the last quarter. Plato Investment Management Ltd boosted its position in shares of M&T Bank by 54.3% in the 3rd quarter. Plato Investment Management Ltd now owns 8,251 shares of the financial services provider’s stock worth $1,618,000 after purchasing an additional 2,905 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in M&T Bank by 19.1% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 86,731 shares of the financial services provider’s stock valued at $17,140,000 after acquiring an additional 13,889 shares in the last quarter. Hedge funds and other institutional investors own 84.68% of the company’s stock.

M&T Bank News Roundup

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

• Positive Sentiment: Q1 beat — M&T reported EPS of $4.18 vs. $4.02 expected, with revenue roughly in line and management outlining a $7.2B–$7.35B 2026 NII outlook and solid fee-income guidance; the results and guidance support near-term earnings momentum. Read More.
• Positive Sentiment: Analyst upgrades/price-target lifts — several firms raised targets and reiterated bullish ratings, including Jefferies to $265 (buy), Piper Sandler to $240 (overweight), Robert W. Baird to $240 (outperform) and DA Davidson to $235 (neutral). These upgrades increase buy-side visibility and likely contributed to upward pressure on the stock. Read More. Read More. Read More. Read More.
• Neutral Sentiment: Capital and outlook adjustments — management moved its CET1 target range to ~10% and framed capital deployment alongside the NII outlook; this clarifies capital policy but will be watched for buybacks/dividends timing. Read More.
• Negative Sentiment: Rising expenses and some profit-pressure signals — while EPS beat, operating expenses rose and one headline noted Q1 net income/earnings pressure (reported net earnings comparisons and an item citing a $664M earnings figure), which could cap margin upside if costs persist. 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.