Zacks Research Brokers Cut Earnings Estimates for M&T Bank

M&T Bank Co. (NYSE:MTB - Free Report) - Equities researchers at Zacks Research lowered their FY2025 earnings per share estimates for shares of M&T Bank in a research report issued on Wednesday, February 5th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings per share of $16.17 for the year, down from their previous estimate of $16.35. The consensus estimate for M&T Bank's current full-year earnings is $16.56 per share. Zacks Research also issued estimates for M&T Bank's Q2 2026 earnings at $4.71 EPS, Q3 2026 earnings at $4.59 EPS, Q4 2026 earnings at $4.67 EPS and FY2026 earnings at $18.53 EPS.

Other equities analysts have also recently issued research reports about the stock. Bank of America lifted their target price on M&T Bank from $188.00 to $218.00 and gave the company a "buy" rating in a research note on Friday, October 18th. Truist Financial reissued a "buy" rating and issued a $236.00 price target (up previously from $233.00) on shares of M&T Bank in a report on Friday, January 17th. 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 research note on Monday, January 6th. StockNews.com raised M&T Bank from a "sell" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company boosted their price target on shares of M&T Bank from $190.00 to $205.00 and gave the company an "underweight" rating in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company's 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 down $0.53 during midday trading on Monday, hitting $197.06. The company's stock had a trading volume of 803,737 shares, compared to its average volume of 1,211,587. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.99 and a current ratio of 0.93. M&T Bank has a 1-year low of $133.03 and a 1-year high of $225.70. The firm's fifty day moving average price is $196.15 and its 200-day moving average price is $188.55. The firm has a market cap of $32.70 billion, a P/E ratio of 13.47, a P/E/G ratio of 1.42 and a beta of 0.79.

M&T Bank (NYSE:MTB - Get Free Report) last released its quarterly earnings data on Thursday, January 16th. The financial services provider reported $3.92 EPS for the quarter, topping analysts' consensus estimates of $3.70 by $0.22. M&T Bank had a net margin of 19.24% and a return on equity of 10.12%. During the same period in the prior year, the firm earned $2.74 earnings per share.

M&T Bank Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 2nd were paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend was Monday, December 2nd. M&T Bank's payout ratio is currently 36.91%.

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

Insider Activity

In other news, 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 transaction of $537,566.10. Following the completion of the sale, the insider now owns 16,429 shares in the company, valued at approximately $3,546,856.81. This represents a 13.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John P. Barnes sold 20,000 shares of M&T Bank stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $217.45, for a total value of $4,349,000.00. Following the completion of the transaction, the director now owns 35,480 shares in the company, valued at $7,715,126. The trade was a 36.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,611 shares of company stock worth $5,354,777. 0.82% of the stock is owned by company insiders.

Institutional Investors Weigh In On M&T Bank

Several hedge funds have recently modified their holdings of the stock. FMR LLC raised its holdings in M&T Bank by 14.3% during the 4th quarter. FMR LLC now owns 14,110,412 shares of the financial services provider's stock worth $2,652,899,000 after buying an additional 1,761,014 shares during the period. Norges Bank purchased a new position in shares of M&T Bank in the fourth quarter worth approximately $317,690,000. State Street Corp raised its holdings in shares of M&T Bank by 6.4% during the third 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. Charles Schwab Investment Management Inc. lifted its position in shares of M&T Bank by 5.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,289,727 shares of the financial services provider's stock valued at $994,522,000 after acquiring an additional 252,583 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new position in M&T Bank in the 3rd quarter worth approximately $44,422,000. 84.68% of the stock is owned by hedge funds and other institutional investors.

M&T Bank Company Profile

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: Business Banking, Commercial Banking, Commercial Real Estate, Discretionary Portfolio, Residential Mortgage Banking, and Retail Banking.