FY2026 Earnings Estimate for M&T Bank Issued By DA Davidson

M&T Bank Co. (NYSE:MTB - Free Report) - Equities researchers at DA Davidson dropped their FY2026 earnings per share (EPS) estimates for shares of M&T Bank in a research report issued to clients and investors on Tuesday, April 15th. DA Davidson analyst P. Winter now forecasts that the financial services provider will post earnings per share of $18.26 for the year, down from their prior forecast of $18.54. DA Davidson currently has a "Neutral" rating and a $189.00 target price on the stock. The consensus estimate for M&T Bank's current full-year earnings is $16.57 per share.

M&T Bank (NYSE:MTB - Get Free Report) last released its quarterly earnings results on Monday, April 14th. The financial services provider reported $3.38 EPS for the quarter, missing analysts' consensus estimates of $3.41 by ($0.03). M&T Bank had a net margin of 19.24% and a return on equity of 10.12%. The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the prior year, the business earned $3.09 EPS.

MTB has been the topic of a number of other reports. JPMorgan Chase & Co. decreased their target price on M&T Bank from $212.50 to $186.50 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Evercore ISI reduced their target price on M&T Bank from $234.00 to $205.00 and set an "outperform" rating for the company in a research report on Thursday, March 13th. Royal Bank of Canada lowered their price target on shares of M&T Bank from $208.00 to $200.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Truist Financial cut their target price on M&T Bank from $225.00 to $200.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Finally, Wells Fargo & Company reduced their price target on shares of M&T Bank from $185.00 to $175.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $208.14.

M&T Bank Stock Performance

NYSE:MTB traded up $3.39 during trading hours on Thursday, hitting $160.16. 542,621 shares of the company traded hands, compared to its average volume of 1,111,928. 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 has a twelve month low of $139.78 and a twelve month high of $225.70. The firm has a 50-day moving average of $176.44 and a 200 day moving average of $191.21. The stock has a market capitalization of $26.31 billion, a price-to-earnings ratio of 10.95, a P/E/G ratio of 1.38 and a beta of 0.58.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC increased its stake in M&T Bank by 0.3% during the 4th quarter. Sanctuary Advisors LLC now owns 15,819 shares of the financial services provider's stock worth $3,195,000 after purchasing an additional 52 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of M&T Bank by 5.8% during the fourth quarter. Quadrant Capital Group LLC now owns 971 shares of the financial services provider's stock worth $183,000 after acquiring an additional 53 shares in the last quarter. Catalina Capital Group LLC raised its holdings in shares of M&T Bank by 2.0% during the fourth quarter. Catalina Capital Group LLC now owns 2,824 shares of the financial services provider's stock worth $531,000 after acquiring an additional 56 shares during the period. Marcum Wealth LLC lifted its position in M&T Bank by 4.9% in the 1st quarter. Marcum Wealth LLC now owns 1,231 shares of the financial services provider's stock valued at $220,000 after acquiring an additional 57 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in M&T Bank by 1.7% in the 4th quarter. Parallel Advisors LLC now owns 3,512 shares of the financial services provider's stock worth $660,000 after purchasing an additional 60 shares during the period. 84.68% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other M&T Bank news, EVP Christopher E. Kay sold 1,738 shares of the stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $172.34, for a total value of $299,526.92. Following the sale, the executive vice president now directly owns 10,751 shares in the company, valued at approximately $1,852,827.34. This trade represents a 13.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.53% of the stock is owned by insiders.

M&T Bank Announces Dividend

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

M&T Bank announced that its board has initiated a stock buyback plan on Wednesday, January 22nd that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to reacquire up to 12.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

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.