M&T Bank (NYSE:MTB) Stock Price Expected to Rise, DA Davidson Analyst Says

M&T Bank (NYSE:MTB - Get Free Report) had its price target hoisted by analysts at DA Davidson from $222.00 to $223.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the financial services provider's stock. DA Davidson's price target indicates a potential upside of 13.27% from the stock's previous close. DA Davidson also issued estimates for M&T Bank's Q1 2025 earnings at $3.46 EPS.

Other research analysts have also issued reports about the company. Piper Sandler boosted their target price on M&T Bank from $205.00 to $243.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. Royal Bank of Canada increased their price objective on shares of M&T Bank from $190.00 to $208.00 and gave the company an "outperform" rating in a research report on Friday, October 18th. Wells Fargo & Company lifted their target price on shares of M&T Bank from $190.00 to $205.00 and gave the stock an "underweight" rating in a report on Friday, November 15th. StockNews.com raised shares of M&T Bank from a "sell" rating to a "hold" rating in a report on Friday, October 18th. Finally, Barclays boosted 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 analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, M&T Bank has an average rating of "Hold" and an average price target of $221.68.

M&T Bank Stock Up 0.4 %

MTB traded up $0.78 on Friday, hitting $196.88. 2,029,408 shares of the company were exchanged, compared to its average volume of 1,013,933. The stock's fifty day moving average is $202.41 and its 200-day moving average is $183.49. M&T Bank has a 12 month low of $128.31 and a 12 month high of $225.70. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $32.67 billion, a PE ratio of 14.57, a PEG ratio of 2.16 and a beta of 0.79.

M&T Bank (NYSE:MTB - Get Free Report) last issued its earnings results on Thursday, January 16th. The financial services provider reported $3.92 earnings per share for the quarter, topping 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 quarter in the prior year, the business earned $2.74 EPS. Equities research analysts predict that M&T Bank will post 14.58 EPS for the current fiscal year.

Insider Transactions at M&T Bank

In other M&T Bank news, Vice Chairman Gary N. Geisel sold 2,490 shares of M&T Bank stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $215.89, for a total value of $537,566.10. Following the transaction, the insider now owns 16,429 shares in the company, valued at $3,546,856.81. The trade was a 13.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Rene F. Jones sold 23,071 shares of the business's stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $193.88, for a total value of $4,473,005.48. Following the transaction, the chief executive officer now directly owns 77,226 shares of the company's stock, valued at approximately $14,972,576.88. The trade was a 23.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 84,994 shares of company stock valued at $17,211,278. Company insiders own 0.82% of the company's stock.

Institutional Trading of M&T Bank

Hedge funds and other institutional investors have recently modified their holdings of the stock. American Century Companies Inc. grew its holdings in shares of M&T Bank by 7.0% during the second quarter. American Century Companies Inc. now owns 61,818 shares of the financial services provider's stock worth $9,357,000 after purchasing an additional 4,067 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in M&T Bank by 5.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 241,213 shares of the financial services provider's stock worth $36,510,000 after acquiring an additional 13,278 shares during the last quarter. Citizens Financial Group Inc. RI grew its holdings in M&T Bank by 6.7% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 1,474 shares of the financial services provider's stock worth $223,000 after acquiring an additional 92 shares during the last quarter. Mutual of America Capital Management LLC increased its position in M&T Bank by 1.5% in the 2nd quarter. Mutual of America Capital Management LLC now owns 38,303 shares of the financial services provider's stock valued at $5,798,000 after acquiring an additional 551 shares during the period. Finally, Argent Trust Co raised its stake in shares of M&T Bank by 9.3% during the second quarter. Argent Trust Co now owns 1,506 shares of the financial services provider's stock valued at $228,000 after acquiring an additional 128 shares during the last quarter. Institutional investors own 84.68% of the company's stock.

About M&T Bank

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.