Argus Issues Positive Forecast for M&T Bank (NYSE:MTB) Stock Price

M&T Bank (NYSE:MTB) had its price objective raised by Argus from $230.00 to $245.00 in a research report report published on Friday,MarketScreener reports. The firm currently has a buy rating on the financial services provider’s stock.

A number of other analysts have also recently commented on MTB. DA Davidson increased their price target on shares of M&T Bank from $233.00 to $235.00 and gave the company a “neutral” rating in a research note on Thursday. Truist Financial set a $230.00 price target on shares of M&T Bank in a research note on Tuesday, January 20th. Royal Bank Of Canada increased their price target on shares of M&T Bank from $220.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday. Piper Sandler increased their price target on shares of M&T Bank from $235.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Cantor Fitzgerald cut their price target on shares of M&T Bank from $255.00 to $253.00 and set an “overweight” rating for the company in a research note on Friday. Nine analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $234.28.

M&T Bank Stock Performance

Shares of MTB opened at $218.96 on Friday. M&T Bank has a 12 month low of $154.98 and a 12 month high of $239.00. The firm has a fifty day simple moving average of $214.83 and a 200 day simple moving average of $204.19. The stock has a market capitalization of $32.63 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 1.08 and a beta of 0.60. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.44.

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

M&T Bank declared that its Board of Directors has authorized a stock buyback plan 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 purchase up to 16.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

M&T Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 2nd were given a $1.50 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $6.00 annualized dividend and a dividend yield of 2.7%. M&T Bank’s dividend payout ratio is presently 33.59%.

Insider Buying and Selling at M&T Bank

In related news, Director John P. Barnes sold 21,193 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 15,142 shares of the company’s stock, valued at approximately $3,571,240.70. This trade represents a 58.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kirk W. Walters sold 909 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $227.37, for a total transaction of $206,679.33. Following the transaction, the director directly owned 5,976 shares in the company, valued at approximately $1,358,763.12. This represents a 13.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 49,092 shares of company stock valued at $11,182,250 in the last three months. 0.44% of the stock is owned by insiders.

Hedge Funds Weigh In On M&T Bank

A number of hedge funds have recently bought and sold shares of MTB. Bank of Jackson Hole Trust increased its position in M&T Bank by 342.9% during the third quarter. Bank of Jackson Hole Trust now owns 155 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 120 shares during the period. Triumph Capital Management acquired a new stake in M&T Bank during the third quarter worth about $32,000. Elyxium Wealth LLC acquired a new stake in M&T Bank during the fourth quarter worth about $33,000. Ameriflex Group Inc. grew its stake in M&T Bank by 82.4% during the third quarter. Ameriflex Group Inc. now owns 186 shares of the financial services provider’s stock worth $37,000 after buying an additional 84 shares in the last quarter. Finally, Westside Investment Management Inc. grew its stake in M&T Bank by 61.8% during the third quarter. Westside Investment Management Inc. now owns 199 shares of the financial services provider’s stock worth $39,000 after buying an additional 76 shares in the last quarter. 84.68% of the stock is owned by institutional investors.

Key Stories Impacting M&T Bank

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.

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.