Zacks Research Issues Positive Outlook for M&T Bank Earnings

M&T Bank Co. (NYSE:MTB - Free Report) - Equities researchers at Zacks Research boosted their Q4 2024 EPS estimates for shares of M&T Bank in a research report issued to clients and investors on Tuesday, November 26th. Zacks Research analyst R. Department now anticipates that the financial services provider will earn $3.60 per share for the quarter, up from their prior estimate of $3.57. The consensus estimate for M&T Bank's current full-year earnings is $14.56 per share. Zacks Research also issued estimates for M&T Bank's Q1 2025 earnings at $3.46 EPS and Q3 2026 earnings at $4.60 EPS.

M&T Bank (NYSE:MTB - Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The financial services provider reported $4.08 EPS for the quarter, beating analysts' consensus estimates of $3.60 by $0.48. M&T Bank had a net margin of 17.82% and a return on equity of 9.52%. The firm had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.30 billion.

A number of other research analysts have also weighed in on MTB. Royal Bank of Canada upped their price objective on M&T Bank from $190.00 to $208.00 and gave the stock an "outperform" rating in a report on Friday, October 18th. Barclays increased their price target on shares of M&T Bank from $170.00 to $228.00 and gave the company an "equal weight" rating in a report on Friday, October 18th. Evercore ISI boosted their price objective on shares of M&T Bank from $210.00 to $232.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Citigroup lowered shares of M&T Bank from a "buy" rating to a "neutral" rating and upped their target price for the stock from $220.00 to $230.00 in a research report on Monday. Finally, Wolfe Research raised M&T Bank from a "peer perform" rating to an "outperform" rating and set a $210.00 price target on the stock in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $206.41.

M&T Bank Stock Performance

Shares of MTB stock traded up $0.05 during trading hours on Thursday, reaching $220.80. 580,794 shares of the company's stock were exchanged, compared to its average volume of 1,039,346. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.99 and a quick ratio of 0.99. The company's 50 day moving average is $194.82 and its two-hundred day moving average is $171.05. The company has a market cap of $36.64 billion, a P/E ratio of 16.34, a price-to-earnings-growth ratio of 3.13 and a beta of 0.74. M&T Bank has a 1 year low of $123.46 and a 1 year high of $225.70.

M&T Bank Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 2nd will be issued a $1.35 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $5.40 dividend on an annualized basis and a yield of 2.45%. M&T Bank's dividend payout ratio (DPR) is 39.97%.

Insiders Place Their Bets

In other M&T Bank news, Director Robert E. Sadler, Jr. sold 2,000 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $198.00, for a total transaction of $396,000.00. Following the transaction, the director now owns 29,796 shares of the company's stock, valued at $5,899,608. This represents a 6.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Denis J. Salamone sold 10,000 shares of M&T Bank stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $172.03, for a total value of $1,720,300.00. Following the completion of the sale, the director now directly owns 44,902 shares of the company's stock, valued at approximately $7,724,491.06. This represents a 18.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,383 shares of company stock valued at $17,925,801 in the last ninety days. Insiders own 0.82% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Plato Investment Management Ltd increased its position in M&T Bank by 2,300.0% during the third quarter. Plato Investment Management Ltd now owns 168 shares of the financial services provider's stock worth $30,000 after purchasing an additional 161 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of M&T Bank during the 3rd quarter worth $32,000. Hexagon Capital Partners LLC increased its holdings in shares of M&T Bank by 54.4% during the 3rd quarter. Hexagon Capital Partners LLC now owns 193 shares of the financial services provider's stock worth $34,000 after buying an additional 68 shares during the last quarter. Oakworth Capital Inc. purchased a new position in shares of M&T Bank in the 2nd quarter worth $35,000. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its holdings in M&T Bank by 329.2% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 206 shares of the financial services provider's stock valued at $37,000 after acquiring an additional 158 shares during the last quarter. 84.68% of the stock is currently owned by hedge funds and other institutional investors.

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.