M&T Bank (NYSE:MTB) Price Target Increased to $180.00 by Analysts at JPMorgan Chase & Co.

M&T Bank (NYSE:MTB) had its price objective increased by JPMorgan Chase & Co. from $170.00 to $180.00 in a research note published on Tuesday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the financial services provider’s stock.

A number of other equities research analysts also recently weighed in on MTB. Wedbush reiterated an outperform rating and set a $170.00 price target on shares of M&T Bank in a research note on Wednesday, April 10th. Morgan Stanley boosted their target price on shares of M&T Bank from $160.00 to $179.00 and gave the company an overweight rating in a research note on Wednesday, February 7th. Piper Sandler reduced their target price on shares of M&T Bank from $156.00 to $152.00 and set an overweight rating on the stock in a research note on Friday, January 19th. Deutsche Bank Aktiengesellschaft downgraded shares of M&T Bank from a buy rating to a hold rating and set a $145.00 target price on the stock. in a research note on Monday, December 18th. Finally, Evercore ISI boosted their target price on shares of M&T Bank from $146.00 to $157.00 and gave the company an in-line rating in a research note on Thursday, March 28th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average price target of $158.48.

M&T Bank Stock Up 0.2 %

MTB opened at $139.30 on Tuesday. M&T Bank has a fifty-two week low of $108.53 and a fifty-two week high of $148.23. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.99. The firm’s fifty day moving average price is $139.76 and its two-hundred day moving average price is $132.81. The company has a market capitalization of $23.21 billion, a P/E ratio of 9.42, a P/E/G ratio of 1.26 and a beta of 0.80.

M&T Bank (NYSE:MTB) last posted its quarterly earnings results on Monday, April 15th. The financial services provider reported $3.02 earnings per share for the quarter, missing analysts’ consensus estimates of $3.13 by ($0.11). M&T Bank had a return on equity of 10.68% and a net margin of 19.52%. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the prior year, the firm earned $4.09 EPS. On average, analysts anticipate that M&T Bank will post 13.93 EPS for the current year.

M&T Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 4th were issued a $1.30 dividend. The ex-dividend date was Friday, March 1st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 3.73%. M&T Bank’s dividend payout ratio is 35.16%.

Insider Buying and Selling at M&T Bank

In other M&T Bank news, Director Kirk W. Walters sold 28,845 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $145.00, for a total transaction of $4,182,525.00. Following the transaction, the director now directly owns 6,367 shares in the company, valued at approximately $923,215. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other M&T Bank news, Director Kirk W. Walters sold 28,845 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $145.00, for a total transaction of $4,182,525.00. Following the transaction, the director now directly owns 6,367 shares in the company, valued at approximately $923,215. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Doris P. Meister sold 3,961 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $143.60, for a total transaction of $568,799.60. Following the transaction, the executive vice president now owns 5,000 shares in the company, valued at $718,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,481 shares of company stock worth $5,114,624. Company insiders own 0.82% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Raymond James & Associates raised its position in shares of M&T Bank by 7.0% in the 1st quarter. Raymond James & Associates now owns 134,655 shares of the financial services provider’s stock valued at $2,692,000 after acquiring an additional 8,765 shares during the period. American Century Companies Inc. raised its position 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 acquiring an additional 43,979 shares during the period. US Bancorp DE raised its position in shares of M&T Bank by 9.4% in the 1st quarter. US Bancorp DE now owns 15,149 shares of the financial services provider’s stock valued at $303,000 after acquiring an additional 1,304 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of M&T Bank by 7.6% in 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 acquiring an additional 4,175 shares during the period. Finally, AlphaCrest Capital Management LLC acquired a new stake in shares of M&T Bank in the 1st quarter valued at approximately $306,000. 84.68% of the stock is currently owned by institutional investors and hedge funds.

M&T Bank Company Profile

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.