M&T Bank (NYSE:MTB) Price Target Lowered to $189.00 at DA Davidson

M&T Bank (NYSE:MTB - Free Report) had its price objective lowered by DA Davidson from $205.00 to $189.00 in a research report released on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the financial services provider's stock. DA Davidson also issued estimates for M&T Bank's Q2 2025 earnings at $3.94 EPS, FY2025 earnings at $15.89 EPS and FY2026 earnings at $18.26 EPS.

A number of other analysts have also weighed in on MTB. Wells Fargo & Company lowered their target price on M&T Bank from $205.00 to $185.00 and set an "underweight" rating for the company in a research note on Friday, March 28th. JPMorgan Chase & Co. dropped their target price on shares of M&T Bank from $212.50 to $186.50 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Morgan Stanley reduced their target price on shares of M&T Bank from $269.00 to $253.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Robert W. Baird lowered their price target on shares of M&T Bank from $220.00 to $200.00 and set an "outperform" rating for the company in a report on Tuesday. Finally, Barclays upped their price objective on M&T Bank from $228.00 to $235.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, M&T Bank currently has an average rating of "Hold" and an average price target of $208.14.

M&T Bank Stock Performance

M&T Bank stock traded up $1.19 on Tuesday, reaching $160.09. 1,105,142 shares of the stock were exchanged, compared to its average volume of 1,112,880. The stock has a market cap of $26.30 billion, a PE ratio of 10.94, a PEG ratio of 1.38 and a beta of 0.58. The firm has a fifty day moving average price of $178.03 and a two-hundred day moving average price of $191.19. M&T Bank has a twelve month low of $139.56 and a twelve month high of $225.70. The company has a current ratio of 0.98, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47.

M&T Bank (NYSE:MTB - Get Free Report) last posted its quarterly earnings results on Monday, April 14th. The financial services provider reported $3.38 EPS for the quarter, missing the consensus estimate of $3.41 by ($0.03). The firm had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.35 billion. M&T Bank had a net margin of 19.24% and a return on equity of 10.12%. During the same period last year, the company earned $3.09 EPS. Sell-side analysts anticipate that M&T Bank will post 16.57 EPS for the current year.

M&T Bank Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 3rd were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date was Monday, March 3rd. M&T Bank's dividend payout ratio is 36.17%.

M&T Bank announced that its board has approved a stock buyback plan on Wednesday, January 22nd that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the financial services provider to buy up to 12.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its shares are undervalued.

Insider Activity at M&T Bank

In related news, EVP Christopher E. Kay sold 1,738 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $172.34, for a total value of $299,526.92. Following the transaction, the executive vice president now directly owns 10,751 shares of the company's stock, valued at approximately $1,852,827.34. This trade represents a 13.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.53% of the stock is currently owned by company insiders.

Institutional Trading of M&T Bank

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wood Tarver Financial Group LLC purchased a new position in M&T Bank during the fourth quarter valued at approximately $29,000. Banque Transatlantique SA purchased a new stake in shares of M&T Bank during the fourth quarter worth about $38,000. Y.D. More Investments Ltd raised its stake in M&T Bank by 122.6% during the 4th quarter. Y.D. More Investments Ltd now owns 207 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 114 shares during the period. Grove Bank & Trust boosted its stake in M&T Bank by 104.6% in the 1st quarter. Grove Bank & Trust now owns 223 shares of the financial services provider's stock worth $40,000 after purchasing an additional 114 shares during the period. Finally, Human Investing LLC bought a new stake in shares of M&T Bank during the fourth quarter valued at approximately $44,000. Hedge funds and other institutional investors own 84.68% of the company's stock.

About M&T Bank

M&T Bank Corp. operates as a bank holding company, which engages in the provision of retail and commercial banking, trust, wealth management, and investment services. It operates through the following segments: Commercial Bank, Retail Bank, Institutional Services and Wealth Management, and All Other.