M&T Bank (NYSE:MTB) Price Target Raised to $267.00

M&T Bank (NYSE:MTB) had its target price hoisted by stock analysts at Barclays from $236.00 to $267.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price target points to a potential upside of 7.49% from the stock’s previous close.

Several other analysts also recently weighed in on MTB. Royal Bank Of Canada lifted their price objective on M&T Bank from $225.00 to $230.00 and gave the company an “outperform” rating in a report on Tuesday, June 23rd. Evercore set a $260.00 target price on M&T Bank in a research report on Monday, July 6th. DA Davidson boosted their target price on shares of M&T Bank from $233.00 to $235.00 and gave the stock a “neutral” rating in a report on Thursday, April 16th. Morgan Stanley lifted their target price on shares of M&T Bank from $245.00 to $253.00 and gave the stock an “equal weight” rating in a research note on Monday, June 29th. Finally, Cantor Fitzgerald raised their target price on shares of M&T Bank from $253.00 to $262.00 and gave the stock an “overweight” rating in a report on Wednesday. Seven research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $246.08.

M&T Bank Trading Up 2.7%

Shares of NYSE MTB opened at $248.39 on Thursday. M&T Bank has a fifty-two week low of $174.76 and a fifty-two week high of $248.74. The company has a market cap of $36.38 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 1.20 and a beta of 0.57. The business’s 50 day moving average price is $224.43 and its 200-day moving average price is $218.41. 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 (NYSE:MTB) last released its quarterly earnings data on Wednesday, July 15th. The financial services provider reported $5.32 EPS for the quarter, topping the consensus estimate of $4.66 by $0.66. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.46 billion. M&T Bank had a return on equity of 11.35% and a net margin of 22.07%.During the same period last year, the business posted $4.28 EPS. On average, sell-side analysts expect that M&T Bank will post 18.81 earnings per share for the current year.

M&T Bank announced that its Board of Directors has initiated a share repurchase plan on Tuesday, March 31st that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 16.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at M&T Bank

In other M&T Bank news, EVP Christopher E. Kay sold 3,105 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $216.50, for a total value of $672,232.50. Following the completion of the transaction, the executive vice president owned 6,753 shares of the company’s stock, valued at $1,462,024.50. This trade represents a 31.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.44% of the stock is owned by company insiders.

Institutional Trading of M&T Bank

Several hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC increased its holdings in shares of M&T Bank by 11.9% in the 1st quarter. Empowered Funds LLC now owns 3,396 shares of the financial services provider’s stock valued at $607,000 after acquiring an additional 362 shares during the last quarter. Woodline Partners LP raised its stake in M&T Bank by 40.7% during the 1st quarter. Woodline Partners LP now owns 14,018 shares of the financial services provider’s stock worth $2,506,000 after acquiring an additional 4,054 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of M&T Bank by 24.6% during the second quarter. Lazard Asset Management LLC now owns 2,900 shares of the financial services provider’s stock worth $562,000 after purchasing an additional 572 shares in the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of M&T Bank in the 2nd quarter valued at about $92,000. Finally, Geneos Wealth Management Inc. grew its stake in M&T Bank by 4.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,727 shares of the financial services provider’s stock worth $335,000 after buying an additional 71 shares during the last quarter. Institutional investors and hedge funds own 84.68% of the company’s stock.

M&T Bank News Summary

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

• Positive Sentiment: M&T Bank beat Q2 estimates, reporting EPS of $5.32 to $5.35 versus $4.66 expected, with revenue of $2.53 billion above forecasts. The strong quarter was driven by higher interest income, fee income, and trust income. Reuters article
• Positive Sentiment: Management and analysts highlighted record earnings, robust net interest margin of about 3.7%, and solid loan growth, especially in commercial and real estate lending, which supports the bank’s outlook. Seeking Alpha article
• Positive Sentiment: Credit quality improved, with credit losses falling and noninterest income climbing, helping offset rising expenses and reinforcing the view that M&T’s balance sheet remains resilient. Seeking Alpha news
• Neutral Sentiment: The company also announced quarterly preferred stock dividends, including payouts on Series H, Series J, and Series K preferred shares. This is a routine capital action and is unlikely to be a major driver of the common stock today. PR Newswire article

About M&T Bank

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.