Jefferies Financial Group Increases M&T Bank (NYSE:MTB) Price Target to $265.00

M&T Bank (NYSE:MTB) had its price target increased by stock analysts at Jefferies Financial Group from $255.00 to $265.00 in a research report issued on Thursday,MarketScreener reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 25.93% from the company’s previous close.

Several other research analysts have also weighed in on MTB. Barclays boosted their price target on M&T Bank from $220.00 to $236.00 and gave the stock an “equal weight” rating in a research report on Monday, January 5th. UBS Group increased their price objective on M&T Bank from $217.00 to $230.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. TD Cowen restated a “buy” rating on shares of M&T Bank in a report on Wednesday, January 7th. Bank of America reaffirmed a “neutral” rating and set a $225.00 price target on shares of M&T Bank in a research report on Wednesday, January 7th. Finally, JPMorgan Chase & Co. increased their price target on shares of M&T Bank from $217.00 to $244.50 and gave the company a “neutral” rating in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $232.87.

M&T Bank Stock Down 2.6%

M&T Bank stock traded down $5.56 during mid-day trading on Thursday, reaching $210.43. The company’s stock had a trading volume of 1,542,234 shares, compared to its average volume of 1,182,534. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.96 and a current ratio of 0.96. M&T Bank has a 12 month low of $150.75 and a 12 month high of $239.00. The business’s 50 day simple moving average is $219.16 and its 200 day simple moving average is $202.30. The company has a market capitalization of $31.35 billion, a price-to-earnings ratio of 12.34, a price-to-earnings-growth ratio of 0.95 and a beta of 0.58.

M&T Bank (NYSE:MTB) last issued its quarterly earnings results on Friday, January 16th. The financial services provider reported $4.72 EPS for the quarter, topping the consensus estimate of $4.47 by $0.25. M&T Bank had a net margin of 21.55% and a return on equity of 10.94%. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the previous year, the firm posted $3.77 EPS. As a group, research analysts anticipate that M&T Bank will post 16.57 earnings per share for the current year.

Insider Transactions at M&T Bank

In other news, EVP Michael A. Wisler sold 8,237 shares of M&T Bank stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $223.48, for a total transaction of $1,840,804.76. Following the completion of the sale, the executive vice president owned 4,643 shares of the company’s stock, valued at approximately $1,037,617.64. This trade represents a 63.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kirk W. Walters sold 909 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $227.37, for a total transaction of $206,679.33. Following the completion of the transaction, the director 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 49,092 shares of company stock valued at $11,182,250. Company insiders own 0.53% of the company’s stock.

Institutional Trading of M&T Bank

Institutional investors have recently bought and sold shares of the business. Golden State Wealth Management LLC boosted its stake in shares of 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 buying an additional 155 shares during the period. Bank of Jackson Hole Trust raised its holdings in M&T Bank by 342.9% in the 3rd quarter. Bank of Jackson Hole Trust now owns 155 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 120 shares in the last quarter. Triumph Capital Management bought a new stake in shares of M&T Bank during the 3rd quarter valued at $32,000. Elyxium Wealth LLC acquired a new stake in shares of M&T Bank during the 4th quarter worth $33,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of M&T Bank during the 2nd quarter worth $36,000. Institutional investors own 84.68% of the company’s stock.

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.