FY2025 EPS Estimates for M&T Bank Co. (NYSE:MTB) Lifted by Analyst

M&T Bank Co. (NYSE:MTB) – Research analysts at DA Davidson increased their FY2025 earnings per share estimates for shares of M&T Bank in a note issued to investors on Thursday, April 4th. DA Davidson analyst P. Winter now expects that the financial services provider will earn $16.01 per share for the year, up from their previous estimate of $15.96. DA Davidson currently has a “Neutral” rating and a $159.00 price objective on the stock. The consensus estimate for M&T Bank’s current full-year earnings is $13.81 per share.

M&T Bank (NYSE:MTB) last announced its quarterly earnings results on Thursday, January 18th. The financial services provider reported $2.74 earnings per share for the quarter, missing the consensus estimate of $3.10 by ($0.36). The business had revenue of $3.32 billion during the quarter, compared to analysts’ expectations of $2.27 billion. M&T Bank had a return on equity of 11.59% and a net margin of 21.49%. During the same period in the previous year, the company posted $4.57 EPS.

A number of other brokerages also recently weighed in on MTB. JPMorgan Chase & Co. raised their price objective on M&T Bank from $160.00 to $170.00 and gave the company a “neutral” rating in a research report on Thursday, April 4th. Piper Sandler decreased their target price on shares of M&T Bank from $156.00 to $152.00 and set an “overweight” rating for the company in a research report on Friday, January 19th. UBS Group lifted their price target on shares of M&T Bank from $139.00 to $154.00 in a report on Wednesday, January 17th. StockNews.com downgraded M&T Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of M&T Bank from $155.00 to $162.00 and gave the company a “market perform” rating in a report on Friday, April 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $153.45.

M&T Bank Stock Up 0.1 %

M&T Bank stock opened at $140.76 on Monday. M&T Bank has a twelve month low of $108.53 and a twelve month high of $148.23. The business has a fifty day moving average of $139.15 and a two-hundred day moving average of $132.33. The firm has a market cap of $23.45 billion, a P/E ratio of 8.92, a P/E/G ratio of 1.23 and a beta of 0.80. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.33.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MTB. Raymond James & Associates grew its holdings in shares of M&T Bank by 7.0% in the first quarter. Raymond James & Associates now owns 134,655 shares of the financial services provider’s stock valued at $2,692,000 after purchasing an additional 8,765 shares during the period. American Century Companies Inc. grew its stake in shares of M&T Bank by 112.8% in the 1st quarter. American Century Companies Inc. now owns 82,957 shares of the financial services provider’s stock valued at $1,658,000 after buying an additional 43,979 shares during the period. US Bancorp DE increased its holdings in shares of M&T Bank by 9.4% during the 1st quarter. US Bancorp DE now owns 15,149 shares of the financial services provider’s stock worth $303,000 after buying an additional 1,304 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of M&T Bank by 7.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 59,394 shares of the financial services provider’s stock valued at $1,187,000 after buying an additional 4,175 shares during the period. Finally, AlphaCrest Capital Management LLC acquired a new position in M&T Bank in the first quarter valued at approximately $306,000. 84.68% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at M&T Bank

In related news, Director Kirk W. Walters sold 28,845 shares of M&T Bank stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $145.00, for a total value of $4,182,525.00. Following the completion of the transaction, the director now owns 6,367 shares in the company, valued at approximately $923,215. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Doris P. Meister sold 1,675 shares of M&T Bank stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $137.91, for a total value of $230,999.25. Following the sale, the executive vice president now directly owns 8,961 shares in the company, valued at approximately $1,235,811.51. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kirk W. Walters sold 28,845 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $145.00, for a total value of $4,182,525.00. Following the completion of the transaction, the director now directly owns 6,367 shares of the company’s stock, valued at $923,215. The disclosure for this sale can be found here. Insiders have sold a total of 35,481 shares of company stock valued at $5,114,624 in the last ninety days. 0.82% of the stock is currently owned by corporate insiders.

M&T Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 4th were given a $1.30 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 3.69%. M&T Bank’s dividend payout ratio (DPR) is currently 32.95%.

About M&T Bank

M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that engages in the provision of retail and commercial banking products and services in the United States. The company operates through three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management.