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

M&T Bank Co. (NYSE:MTB - Free Report) - Research analysts at DA Davidson raised their FY2026 earnings per share estimates for M&T Bank in a research report issued to clients and investors on Wednesday, April 2nd. DA Davidson analyst P. Winter now expects that the financial services provider will earn $18.54 per share for the year, up from their prior forecast of $18.52. DA Davidson currently has a "Neutral" rating and a $223.00 target price on the stock. The consensus estimate for M&T Bank's current full-year earnings is $16.57 per share.

MTB has been the subject of several other reports. JPMorgan Chase & Co. lowered their price objective on 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. Citigroup lowered their price target on M&T Bank from $230.00 to $195.00 and set a "neutral" rating for the company in a research report on Monday, March 24th. 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. Truist Financial reduced their target price on shares of M&T Bank from $236.00 to $225.00 and set a "buy" rating for the company in a research note on Friday. Finally, StockNews.com upgraded shares of M&T Bank from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $215.97.

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M&T Bank Stock Up 0.5 %

NYSE MTB traded up $0.84 during trading hours on Thursday, hitting $158.49. The company's stock had a trading volume of 418,235 shares, compared to its average volume of 1,103,223. The company has a market capitalization of $26.04 billion, a PE ratio of 10.76, a price-to-earnings-growth ratio of 1.38 and a beta of 0.58. 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 52 week low of $133.03 and a 52 week high of $225.70. The company's 50-day simple moving average is $185.95 and its two-hundred day simple moving average is $192.65.

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 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the business earned $2.74 EPS.

M&T Bank Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 3rd were given a dividend of $1.35 per share. The ex-dividend date was Monday, March 3rd. This represents a $5.40 annualized dividend and a dividend yield of 3.41%. M&T Bank's dividend payout ratio is currently 36.91%.

M&T Bank declared that its board has authorized a stock buyback program on Wednesday, January 22nd that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 12.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Insider Transactions at M&T Bank

In related news, EVP Christopher E. Kay sold 1,738 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $172.34, for a total transaction of $299,526.92. Following the sale, the executive vice president now owns 10,751 shares of the company's stock, valued at approximately $1,852,827.34. This represents a 13.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.53% of the company's stock.

Institutional Investors Weigh In On M&T Bank

Several hedge funds and other institutional investors have recently modified their holdings of MTB. Tompkins Financial Corp grew its stake in M&T Bank by 9.2% during the first quarter. Tompkins Financial Corp now owns 1,186 shares of the financial services provider's stock valued at $212,000 after acquiring an additional 100 shares in the last quarter. GAMMA Investing LLC boosted its holdings in M&T Bank by 18,471.2% in the 1st quarter. GAMMA Investing LLC now owns 705,705 shares of the financial services provider's stock valued at $126,145,000 after purchasing an additional 701,905 shares during the period. AdvisorNet Financial Inc grew its position in shares of M&T Bank by 1,033.3% during the 1st quarter. AdvisorNet Financial Inc now owns 374 shares of the financial services provider's stock valued at $67,000 after purchasing an additional 341 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of M&T Bank by 94.7% in the first quarter. Versant Capital Management Inc now owns 1,067 shares of the financial services provider's stock worth $191,000 after purchasing an additional 519 shares during the period. Finally, Marcum Wealth LLC raised its position in shares of M&T Bank by 4.9% in the first quarter. Marcum Wealth LLC now owns 1,231 shares of the financial services provider's stock worth $220,000 after buying an additional 57 shares in the last quarter. 84.68% of the stock is currently owned by institutional investors.

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.