Jefferies Financial Group Issues Positive Forecast for M&T Bank (NYSE:MTB) Stock Price

M&T Bank (NYSE:MTB) had its price target lifted by Jefferies Financial Group from $255.00 to $265.00 in a research note published on Thursday,MarketScreener reports. Jefferies Financial Group currently has a buy rating on the financial services provider’s stock.

A number of other equities analysts have also commented on MTB. Citigroup increased their price target on shares of M&T Bank from $215.00 to $225.00 and gave the stock a “neutral” rating in a report on Friday, January 2nd. Wall Street Zen raised shares of M&T Bank from a “sell” rating to a “hold” rating in a research note on Saturday. Truist Financial set a $230.00 price objective on shares of M&T Bank in a report on Tuesday, January 20th. UBS Group increased their target price on shares of M&T Bank from $217.00 to $230.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Finally, Royal Bank Of Canada lifted their target price on shares of M&T Bank from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $232.87.

M&T Bank Price Performance

NYSE MTB traded down $5.56 during 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 stock has a market capitalization of $31.35 billion, a PE ratio of 12.34, a P/E/G ratio of 0.95 and a beta of 0.58. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a fifty day moving average of $219.16 and a 200 day moving average of $202.30. M&T Bank has a one year low of $150.75 and a one year high of $239.00.

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

M&T Bank Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 2nd will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, March 2nd. M&T Bank’s payout ratio is presently 35.19%.

Insider Activity

In other news, Director John P. Barnes sold 21,193 shares of the company’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 completion of the transaction, the director directly owned 15,142 shares of the company’s stock, valued at approximately $3,571,240.70. This represents a 58.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Gary N. Geisel sold 887 shares of the company’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $215.79, for a total transaction of $191,405.73. Following the transaction, the insider directly owned 16,446 shares of the company’s stock, valued at approximately $3,548,882.34. This trade represents a 5.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 49,092 shares of company stock worth $11,182,250. 0.53% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MTB. SHP Wealth Management purchased a new stake in M&T Bank in the fourth quarter worth $183,000. Tobam purchased a new stake in shares of M&T Bank in the 4th quarter worth about $567,000. Virtu Financial LLC purchased a new stake in shares of M&T Bank in the 4th quarter worth about $708,000. Garton & Associates Financial Advisors LLC bought a new stake in shares of M&T Bank during the 4th quarter valued at about $200,000. Finally, Quantitative Investment Management LLC bought a new stake in M&T Bank during the 4th quarter valued at approximately $1,769,000. Hedge funds and other 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.