What is DA Davidson's Estimate for M&T Bank FY2025 Earnings?

M&T Bank Co. (NYSE:MTB - Free Report) - Research analysts at DA Davidson reduced their FY2025 earnings per share estimates for shares of M&T Bank in a report released on Wednesday, April 2nd. DA Davidson analyst P. Winter now anticipates that the financial services provider will post earnings per share of $16.32 for the year, down from their prior forecast of $16.40. 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. DA Davidson also issued estimates for M&T Bank's FY2025 earnings at $16.32 EPS.

M&T Bank (NYSE:MTB - Get Free Report) last announced its earnings results on Thursday, January 16th. The financial services provider reported $3.92 EPS for the quarter, beating 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 quarter in the previous year, the company earned $2.74 earnings per share.

Several other equities research analysts have also recently issued reports on MTB. Barclays lifted their price objective on shares of M&T Bank from $228.00 to $235.00 and gave the company an "equal weight" rating in a research report on Monday, January 6th. Citigroup reduced their price target on shares of M&T Bank from $230.00 to $195.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. StockNews.com raised shares of M&T Bank from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. Compass Point lifted their target price on M&T Bank from $220.00 to $250.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Finally, Wells Fargo & Company dropped their price target on M&T Bank from $205.00 to $185.00 and set an "underweight" rating for the company in a research note on Friday, March 28th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $215.97.

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M&T Bank Stock Performance

Shares of NYSE MTB traded up $9.90 during trading on Friday, hitting $166.48. The company had a trading volume of 594,689 shares, compared to its average volume of 1,104,909. M&T Bank has a 12 month low of $127.15 and a 12 month high of $225.70. The firm has a market capitalization of $27.35 billion, a P/E ratio of 11.38, a price-to-earnings-growth ratio of 1.38 and a beta of 0.58. The stock has a 50 day simple moving average of $184.18 and a 200 day simple moving average of $192.22. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.99 and a current ratio of 0.98.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MTB. Wood Tarver Financial Group LLC bought a new position in shares of M&T Bank during the 4th quarter worth $29,000. Banque Transatlantique SA bought a new position in M&T Bank during the 4th quarter worth about $38,000. Y.D. More Investments Ltd increased its position in M&T Bank by 122.6% during the 4th quarter. Y.D. More Investments Ltd now owns 207 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 114 shares during the period. Human Investing LLC bought a new stake in shares of M&T Bank in the 4th quarter valued at about $44,000. Finally, Sierra Ocean LLC bought a new stake in shares of M&T Bank in the 4th quarter valued at about $44,000. Institutional investors own 84.68% of the company's stock.

Insider Buying and Selling

In other news, EVP Christopher E. Kay sold 1,738 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $172.34, for a total transaction of $299,526.92. Following the transaction, the executive vice president now directly owns 10,751 shares of the company's stock, valued at approximately $1,852,827.34. This trade represents a 13.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.53% of the stock is owned by corporate insiders.

M&T Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 3rd were issued a $1.35 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $5.40 annualized dividend and a dividend yield of 3.24%. M&T Bank's payout ratio is 36.91%.

M&T Bank declared that its Board of Directors has approved a share repurchase program on Wednesday, January 22nd that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the financial services provider to reacquire up to 12.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

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: Commercial Bank, Retail Bank, Institutional Services and Wealth Management, and All Other.