DA Davidson Has Bullish Outlook for M&T Bank FY2025 Earnings

M&T Bank Co. (NYSE:MTB - Free Report) - Equities research analysts at DA Davidson raised their FY2025 earnings per share estimates for shares of M&T Bank in a research report issued on Thursday, December 19th. DA Davidson analyst P. Winter now anticipates that the financial services provider will earn $16.38 per share for the year, up from their previous estimate of $16.36. DA Davidson currently has a "Neutral" rating and a $207.00 target price on the stock. The consensus estimate for M&T Bank's current full-year earnings is $14.63 per share.

A number of other equities analysts have also issued reports on MTB. Keefe, Bruyette & Woods raised their target price on shares of M&T Bank from $205.00 to $221.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $223.50 price objective (up from $215.00) on shares of M&T Bank in a research report on Wednesday, December 4th. Compass Point upped their target price on shares of M&T Bank from $220.00 to $250.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. StockNews.com raised M&T Bank from a "sell" rating to a "hold" rating in a report on Friday, October 18th. Finally, Wedbush upped their price objective on M&T Bank from $208.00 to $210.00 and gave the company an "outperform" rating in a research note on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $215.50.

M&T Bank Stock Performance

Shares of MTB stock traded up $4.06 during mid-day trading on Friday, hitting $189.48. 3,343,629 shares of the stock were exchanged, compared to its average volume of 1,060,675. The stock has a market capitalization of $31.44 billion, a price-to-earnings ratio of 14.03, a P/E/G ratio of 2.83 and a beta of 0.76. M&T Bank has a 12-month low of $128.31 and a 12-month high of $225.70. The stock's fifty day simple moving average is $204.21 and its two-hundred day simple moving average is $177.20. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.99 and a current ratio of 0.99.

M&T Bank (NYSE:MTB - Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The financial services provider reported $4.08 earnings per share for the quarter, topping analysts' consensus estimates of $3.60 by $0.48. M&T Bank had a net margin of 17.82% and a return on equity of 9.52%. The company had revenue of $2.33 billion for the quarter, compared to analysts' expectations of $2.30 billion.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MTB. Plato Investment Management Ltd boosted its holdings in M&T Bank by 2,300.0% in the third quarter. Plato Investment Management Ltd now owns 168 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 161 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of M&T Bank during the 3rd quarter worth about $32,000. Hexagon Capital Partners LLC grew its holdings in shares of M&T Bank by 54.4% during the 3rd quarter. Hexagon Capital Partners LLC now owns 193 shares of the financial services provider's stock worth $34,000 after purchasing an additional 68 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of M&T Bank by 329.2% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 206 shares of the financial services provider's stock worth $37,000 after acquiring an additional 158 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in M&T Bank in the 3rd quarter valued at $44,000. 84.68% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Rene F. Jones sold 23,071 shares of the firm's stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $193.88, for a total transaction of $4,473,005.48. Following the sale, the chief executive officer now owns 77,226 shares in the company, valued at approximately $14,972,576.88. This trade represents a 23.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Gary N. Geisel sold 2,490 shares of M&T Bank stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $215.89, for a total value of $537,566.10. Following the completion of the sale, the insider now directly owns 16,429 shares of the company's stock, valued at approximately $3,546,856.81. This represents a 13.16 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 84,994 shares of company stock valued at $17,211,278. Corporate insiders own 0.82% of the company's stock.

M&T Bank Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 2nd will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Monday, December 2nd. M&T Bank's dividend payout ratio (DPR) is presently 39.97%.

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.