M&T Bank Corporation (NYSE:MTB) Receives Consensus Recommendation of “Hold” from Analysts

M&T Bank Corporation (NYSE:MTB) has been assigned a consensus rating of “Hold” from the twenty-one research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $224.2895.

MTB has been the topic of a number of research reports. Wall Street Zen raised M&T Bank from a “sell” rating to a “hold” rating in a report on Saturday. Piper Sandler increased their target price on shares of M&T Bank from $225.00 to $235.00 in a research note on Friday, January 16th. Wolfe Research cut shares of M&T Bank from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 7th. Truist Financial set a $230.00 target price on M&T Bank in a report on Tuesday, January 20th. Finally, UBS Group increased their target price on shares of M&T Bank from $207.00 to $208.00 and gave the company a “neutral” rating in a research report on Tuesday, October 7th.

Insider Buying and Selling at M&T Bank

In other news, Vice Chairman Gary N. Geisel sold 887 shares of M&T Bank stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $215.79, for a total value of $191,405.73. Following the transaction, the insider directly owned 16,446 shares of the company’s stock, valued at $3,548,882.34. The trade was a 5.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert E. Sadler, Jr. sold 6,000 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $190.06, for a total value of $1,140,360.00. Following the completion of the transaction, the director owned 17,070 shares in the company, valued at $3,244,324.20. This trade represents a 26.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 30,003 shares of company stock worth $6,283,182. 0.53% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On M&T Bank

Institutional investors have recently modified their holdings of the company. Golden State Wealth Management LLC increased its stake in M&T Bank by 2,214.3% in the second quarter. Golden State Wealth Management LLC now owns 162 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 155 shares during the last quarter. Bank of Jackson Hole Trust raised its holdings in M&T Bank by 342.9% in the third quarter. Bank of Jackson Hole Trust now owns 155 shares of the financial services provider’s stock valued at $31,000 after buying an additional 120 shares during the period. Triumph Capital Management acquired a new position in shares of M&T Bank during the 3rd quarter valued at $32,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of M&T Bank in the second quarter worth about $36,000. Finally, Ameriflex Group Inc. raised its stake in shares of M&T Bank by 82.4% during the third quarter. Ameriflex Group Inc. now owns 186 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 84 shares during the period. Hedge funds and other institutional investors own 84.68% of the company’s stock.

M&T Bank Stock Performance

Shares of NYSE:MTB opened at $225.60 on Thursday. The firm’s 50 day simple moving average is $206.28 and its 200-day simple moving average is $196.45. The firm has a market cap of $34.67 billion, a PE ratio of 13.23, a price-to-earnings-growth ratio of 0.97 and a beta of 0.60. M&T Bank has a one year low of $150.75 and a one year high of $226.10. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.97 and a current ratio of 0.90.

M&T Bank (NYSE:MTB) last issued its earnings results on Friday, January 16th. The financial services provider reported $4.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.47 by $0.25. The company had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.47 billion. M&T Bank had a net margin of 21.55% and a return on equity of 10.94%. During the same period in the prior year, the business earned $3.77 EPS. As a group, equities analysts predict that M&T Bank will post 16.57 EPS for the current year.

M&T Bank Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 1st were issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 2.7%. The ex-dividend date was Monday, December 1st. M&T Bank’s dividend payout ratio (DPR) is 35.19%.

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.