DA Davidson Cuts M&T Bank (NYSE:MTB) Price Target to $235.00

M&T Bank (NYSE:MTB) had its price target dropped by DA Davidson from $236.00 to $235.00 in a research report issued on Thursday,MarketScreener reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. DA Davidson’s price target suggests a potential upside of 8.32% from the stock’s current price.

A number of other equities research analysts have also recently commented on the stock. Barclays increased their target price on shares of M&T Bank from $220.00 to $236.00 and gave the company an “equal weight” rating in a research report on Monday, January 5th. Bank of America reissued a “neutral” rating and issued a $225.00 price objective on shares of M&T Bank in a research report on Wednesday, January 7th. TD Cowen restated a “buy” rating on shares of M&T Bank in a research note on Wednesday, January 7th. 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 note on Tuesday, March 31st. Finally, Truist Financial set a $230.00 price target on M&T Bank in a report on Tuesday, January 20th. Eight analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $233.29.

M&T Bank Trading Down 0.1%

NYSE:MTB opened at $216.94 on Thursday. The firm has a market cap of $32.32 billion, a P/E ratio of 12.72, a P/E/G ratio of 1.10 and a beta of 0.60. M&T Bank has a one year low of $154.98 and a one year high of $239.00. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a 50-day simple moving average of $215.56 and a 200-day simple moving average of $203.95.

M&T Bank (NYSE:MTB) last announced its earnings results on Wednesday, April 15th. The financial services provider reported $4.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.02 by $0.11. M&T Bank had a return on equity of 10.94% and a net margin of 21.55%.The business had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.43 billion. During the same quarter last year, the firm earned $3.32 EPS. Equities analysts anticipate that M&T Bank will post 16.57 EPS for the current fiscal year.

M&T Bank declared that its Board of Directors has initiated a share repurchase plan on Tuesday, March 31st that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the financial services provider to buy up to 16.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at M&T Bank

In other news, Director John P. Barnes sold 21,193 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $235.85, for a total transaction of $4,998,369.05. Following the completion of the sale, the director owned 15,142 shares of the company’s stock, valued at $3,571,240.70. This represents a 58.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kirk W. Walters sold 909 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $227.37, for a total transaction of $206,679.33. Following the completion of the transaction, the director directly owned 5,976 shares in the company, valued at $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 sold 49,092 shares of company stock worth $11,182,250 over the last three months. Company insiders own 0.44% of the company’s stock.

Institutional Trading of M&T Bank

A number of hedge funds and other institutional investors have recently made changes to their positions in MTB. Bank of New York Mellon Corp increased its stake in M&T Bank by 3.6% during 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 acquiring an additional 49,336 shares during the last quarter. Canoe Financial LP grew its holdings 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 purchasing an additional 219,065 shares during the period. Barclays PLC increased its position 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 purchasing an additional 20,120 shares during the last quarter. Davis Asset Management L.P. raised its holdings in M&T Bank by 23.1% in 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 buying an additional 75,000 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in M&T Bank by 35.4% in the fourth quarter. Russell Investments Group Ltd. now owns 396,531 shares of the financial services provider’s stock valued at $79,954,000 after buying an additional 103,692 shares during the last quarter. Institutional investors and hedge funds own 84.68% of the company’s stock.

M&T Bank News Summary

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

• Positive Sentiment: M&T beat consensus earnings and revenue expectations for Q1 (reported EPS ~$4.18 vs. ~$4.02 estimate), which underpins the rally in the stock by signaling continued earnings strength. Read More.
• Positive Sentiment: Net interest income and net interest margin expanded; management issued a 2026 NII outlook ($7.2B–$7.35B), supporting revenue visibility if rates and loan growth persist. Read More.
• Positive Sentiment: Loan growth (commercial, residential, consumer) and resilient asset quality — declining non-accruals and stable charge-offs — reduce credit risk concerns relative to peers. Read More.
• Neutral Sentiment: Reported net income of ~$664M (press release) and revenue roughly in line with expectations; the results are solid but mixed beneath the headline beats. Read More.
• Negative Sentiment: Operating expenses rose in the quarter, which trimmed the benefit from higher NII and pressured margins — a near-term earnings headwind to monitor. Read More.
• Negative Sentiment: Deposits declined and credit provisions increased, which could raise funding and credit-cost volatility if trends continue. Read More.
• Negative Sentiment: Management moved its CET1 capital target range to 10%, a policy shift some investors may view as reduced capital cushion or an allowance for higher dividends/repurchases — watch investor reaction and regulatory context. Read More.

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.