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

M&T Bank (NYSE:MTB) had its target price hoisted by research analysts at Keefe, Bruyette & Woods from $242.00 to $250.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 0.65% from the company’s current price.

Several other equities analysts have also recently issued reports on MTB. Piper Sandler boosted their target price on M&T Bank from $235.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Royal Bank Of Canada boosted their target price on shares of M&T Bank from $225.00 to $230.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. Morgan Stanley increased their price target on shares of M&T Bank from $245.00 to $253.00 and gave the company an “equal weight” rating in a report on Monday, June 29th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $300.00 target price on shares of M&T Bank in a report on Wednesday. Finally, Cantor Fitzgerald boosted their price target on M&T Bank from $253.00 to $262.00 and gave the stock an “overweight” rating in a research note on Wednesday. Seven equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, M&T Bank currently has an average rating of “Hold” and a consensus target price of $246.08.

M&T Bank Stock Performance

Shares of MTB stock opened at $248.39 on Thursday. M&T Bank has a 52-week low of $174.76 and a 52-week high of $248.74. The stock’s 50-day moving average price is $224.43 and its 200 day moving average price is $218.41. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $36.38 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 1.20 and a beta of 0.57.

M&T Bank (NYSE:MTB) last issued its quarterly earnings results on Wednesday, July 15th. The financial services provider reported $5.32 earnings per share for the quarter, topping the consensus estimate of $4.66 by $0.66. M&T Bank had a return on equity of 11.35% and a net margin of 22.07%.The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period last year, the company earned $4.28 earnings per share. As a group, equities research analysts forecast that M&T Bank will post 18.81 EPS for the current year.

M&T Bank declared that its Board of Directors has authorized 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 a sign that the company’s management believes its stock is undervalued.

Insider Activity

In other news, EVP Christopher E. Kay sold 3,105 shares of M&T Bank stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $216.50, for a total transaction of $672,232.50. Following the completion of the sale, the executive vice president directly owned 6,753 shares in the company, valued at $1,462,024.50. The trade was a 31.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.44% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On M&T Bank

Several large investors have recently added to or reduced their stakes in MTB. FNY Investment Advisers LLC purchased a new stake in M&T Bank in the second quarter valued at approximately $51,000. First Citizens Financial Corp raised its position in shares of M&T Bank by 15.6% in the 2nd quarter. First Citizens Financial Corp now owns 1,233 shares of the financial services provider’s stock worth $293,000 after buying an additional 166 shares during the period. GAMMA Investing LLC boosted its holdings in M&T Bank by 7.1% in the second quarter. GAMMA Investing LLC now owns 6,343 shares of the financial services provider’s stock valued at $1,510,000 after acquiring an additional 422 shares during the last quarter. Canandaigua National Bank & Trust Co. acquired a new position in M&T Bank in the second quarter valued at $224,000. Finally, CoreCap Advisors LLC grew its position in M&T Bank by 2,310.0% during the second quarter. CoreCap Advisors LLC now owns 482 shares of the financial services provider’s stock valued at $115,000 after acquiring an additional 462 shares during the period. 84.68% of the stock is currently owned by hedge funds and other institutional investors.

Key M&T Bank News

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

• Positive Sentiment: M&T Bank beat Q2 estimates, reporting EPS of $5.32 to $5.35 versus $4.66 expected, with revenue of $2.53 billion above forecasts. The strong quarter was driven by higher interest income, fee income, and trust income. Reuters article
• Positive Sentiment: Management and analysts highlighted record earnings, robust net interest margin of about 3.7%, and solid loan growth, especially in commercial and real estate lending, which supports the bank’s outlook. Seeking Alpha article
• Positive Sentiment: Credit quality improved, with credit losses falling and noninterest income climbing, helping offset rising expenses and reinforcing the view that M&T’s balance sheet remains resilient. Seeking Alpha news
• Neutral Sentiment: The company also announced quarterly preferred stock dividends, including payouts on Series H, Series J, and Series K preferred shares. This is a routine capital action and is unlikely to be a major driver of the common stock today. PR Newswire article

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.