DA Davidson Weighs in on M&T Bank's Q1 Earnings (NYSE:MTB)

M&T Bank Co. (NYSE:MTB - Free Report) - Research analysts at DA Davidson issued their Q1 2025 earnings per share estimates for shares of M&T Bank in a research report issued to clients and investors on Friday, January 17th. DA Davidson analyst P. Winter expects that the financial services provider will post earnings per share of $3.46 for the quarter. DA Davidson has a "Neutral" rating and a $223.00 price objective on the stock. The consensus estimate for M&T Bank's current full-year earnings is $14.58 per share.

M&T Bank (NYSE:MTB - Get Free Report) last posted its quarterly earnings data on Thursday, January 16th. The financial services provider reported $3.92 earnings per share for the quarter, beating analysts' consensus estimates of $3.70 by $0.22. M&T Bank had a net margin of 17.82% and a return on equity of 9.52%. During the same period last year, the business posted $2.74 EPS.

Other analysts also recently issued reports about the company. Royal Bank of Canada lifted their price target on M&T Bank from $190.00 to $208.00 and gave the company an "outperform" rating in a research note on Friday, October 18th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $223.50 price objective (up previously from $215.00) on shares of M&T Bank in a report on Wednesday, December 4th. Citigroup cut shares of M&T Bank from a "buy" rating to a "neutral" rating and increased their target price for the company from $220.00 to $230.00 in a report on Monday, November 25th. Truist Financial reissued a "buy" rating and set a $236.00 price target (up previously from $233.00) on shares of M&T Bank in a research note on Friday. Finally, Compass Point raised their price objective on M&T Bank from $220.00 to $250.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, M&T Bank presently has an average rating of "Hold" and an average target price of $221.68.

M&T Bank Stock Performance

Shares of NYSE:MTB traded up $0.78 during midday trading on Monday, hitting $196.88. The stock had a trading volume of 2,029,408 shares, compared to its average volume of 1,013,933. The company has a market capitalization of $32.67 billion, a PE ratio of 14.57, a P/E/G ratio of 2.16 and a beta of 0.79. M&T Bank has a 1 year low of $128.31 and a 1 year high of $225.70. The stock has a 50 day moving average price of $202.41 and a two-hundred day moving average price of $183.95. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.44.

M&T Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 2nd were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.74%. The ex-dividend date was Monday, December 2nd. M&T Bank's dividend payout ratio (DPR) is 39.97%.

Insider Activity

In other news, EVP John R. Taylor sold 1,436 shares of the business's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $195.03, for a total transaction of $280,063.08. Following the completion of the sale, the executive vice president now directly owns 5,618 shares of the company's stock, valued at $1,095,678.54. The trade was a 20.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Gary N. Geisel sold 2,490 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $215.89, for a total value of $537,566.10. Following the completion of the transaction, the insider now directly owns 16,429 shares in the company, valued at $3,546,856.81. This trade represents a 13.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 84,994 shares of company stock valued at $17,211,278 over the last quarter. Company insiders own 0.82% of the company's stock.

Institutional Trading of M&T Bank

A number of institutional investors have recently modified their holdings of the company. FMR LLC raised its holdings in M&T Bank by 13.9% in the third quarter. FMR LLC now owns 12,349,398 shares of the financial services provider's stock valued at $2,199,675,000 after buying an additional 1,508,846 shares during the period. State Street Corp raised its stake in shares of M&T Bank by 6.4% in the 3rd quarter. State Street Corp now owns 8,773,439 shares of the financial services provider's stock valued at $1,562,725,000 after acquiring an additional 527,854 shares during the period. Marshall Wace LLP lifted its holdings in shares of M&T Bank by 232.1% during the 2nd quarter. Marshall Wace LLP now owns 676,745 shares of the financial services provider's stock valued at $102,432,000 after acquiring an additional 472,997 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in M&T Bank during the 3rd quarter worth $44,422,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in M&T Bank by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,037,144 shares of the financial services provider's stock valued at $897,216,000 after purchasing an additional 190,837 shares in the last quarter. Hedge funds and other institutional investors own 84.68% of the company's stock.

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.