M&T Bank (NYSE:MTB) Given New $251.50 Price Target at JPMorgan Chase & Co.

M&T Bank (NYSE:MTB) had its target price raised by JPMorgan Chase & Co. from $227.00 to $251.50 in a research note issued to investors on Monday,Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

Other analysts have also recently issued reports about the company. Wells Fargo & Company boosted their price objective on M&T Bank from $205.00 to $215.00 and gave the company an “underweight” rating in a research report on Monday. Jefferies Financial Group boosted their price objective on M&T Bank from $255.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Wall Street Zen raised M&T Bank from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Robert W. Baird reiterated a “neutral” rating and issued a $240.00 price objective on shares of M&T Bank in a report on Monday. Finally, UBS Group set a $235.00 target price on M&T Bank in a research report on Thursday, April 16th. Seven research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $240.55.

M&T Bank Price Performance

NYSE MTB traded up $1.20 on Monday, reaching $241.12. The company’s stock had a trading volume of 61,561 shares, compared to its average volume of 1,154,875. The firm’s 50 day moving average is $220.63 and its two-hundred day moving average is $216.43. The stock has a market cap of $35.31 billion, a PE ratio of 13.49, a PEG ratio of 1.17 and a beta of 0.57. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.94 and a current ratio of 0.94. M&T Bank has a twelve month low of $174.76 and a twelve month high of $243.57.

M&T Bank (NYSE:MTB) last announced its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $4.18 EPS for the quarter, beating analysts’ consensus estimates of $4.02 by $0.16. M&T Bank had a return on equity of 11.35% and a net margin of 22.07%.The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.43 billion. During the same quarter in the prior year, the firm earned $3.32 EPS. As a group, sell-side analysts predict that M&T Bank will post 18.8 EPS for the current year.

M&T Bank announced that its board has initiated a stock buyback program on Tuesday, March 31st that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 16.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

M&T Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 1st were paid a $1.50 dividend. The ex-dividend date was Monday, June 1st. This represents a $6.00 annualized dividend and a yield of 2.5%. M&T Bank’s payout ratio is 33.59%.

Insider Activity

In related news, EVP Christopher E. Kay sold 3,105 shares of M&T Bank stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $216.50, for a total transaction of $672,232.50. Following the sale, the executive vice president directly owned 6,753 shares of the company’s stock, valued at approximately $1,462,024.50. The trade was a 31.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.44% of the company’s stock.

Institutional Investors Weigh In On M&T Bank

A number of institutional investors have recently modified their holdings of MTB. Bogart Wealth LLC grew its stake in M&T Bank by 233.3% during the first quarter. Bogart Wealth LLC now owns 120 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 84 shares during the period. Triumph Capital Management bought a new position in shares of M&T Bank during the 3rd quarter worth approximately $32,000. Elyxium Wealth LLC bought a new position in shares of M&T Bank during the 4th quarter worth approximately $33,000. Ameriflex Group Inc. grew its position in shares of M&T Bank by 82.4% during the 3rd quarter. Ameriflex Group Inc. now owns 186 shares of the financial services provider’s stock worth $37,000 after buying an additional 84 shares during the period. Finally, Bank of Jackson Hole Trust increased its stake in shares of M&T Bank by 38.7% in the 4th quarter. Bank of Jackson Hole Trust now owns 215 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 60 shares in the last quarter. 84.68% of the stock is owned by institutional investors.

Key Stories Impacting M&T Bank

Here are the key news stories impacting M&T Bank this week:

• Positive Sentiment: JPMorgan raised its price target on M&T Bank to $251.50 from $227.00, implying upside from current levels and signaling firmer expectations ahead of the bank’s upcoming earnings report. Benzinga / Tickerreport
• Neutral Sentiment: Robert W. Baird reaffirmed its neutral rating with a $240 target, suggesting the shares are fairly valued near recent trading levels. Tickerreport.com
• Neutral Sentiment: Benzinga highlighted that M&T Bank is expected to report higher second-quarter earnings when it releases results before the open on July 15, which could help shape sentiment if the bank beats estimates. Benzinga
• Negative Sentiment: Wells Fargo lifted its target to $215 but kept an underweight rating, indicating caution and suggesting limited upside from the bank’s current valuation. Benzinga / The Fly
• Negative Sentiment: A separate analyst note reported a downgrade/less-bullish stance on MTB, reinforcing the mixed Wall Street view that may temper enthusiasm despite the higher JPMorgan target. Benzinga

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.