Zacks Research Issues Positive Outlook for M&T Bank Earnings

M&T Bank Co. (NYSE:MTB - Free Report) - Equities research analysts at Zacks Research boosted their Q4 2024 earnings per share (EPS) estimates for M&T Bank in a report released on Wednesday, January 8th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings per share of $3.61 for the quarter, up from their previous forecast of $3.60. The consensus estimate for M&T Bank's current full-year earnings is $14.63 per share. Zacks Research also issued estimates for M&T Bank's Q2 2025 earnings at $3.93 EPS, FY2025 earnings at $16.35 EPS, Q1 2026 earnings at $4.54 EPS, Q2 2026 earnings at $4.77 EPS, Q3 2026 earnings at $4.63 EPS, Q4 2026 earnings at $4.72 EPS and FY2026 earnings at $18.65 EPS.

M&T Bank (NYSE:MTB - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The financial services provider reported $4.08 EPS for the quarter, topping the consensus estimate 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 company had revenue of $2.33 billion during the quarter, compared to analysts' expectations of $2.30 billion.

A number of other equities research analysts have also recently commented on MTB. Keefe, Bruyette & Woods lifted their price objective on M&T Bank from $205.00 to $221.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Wells Fargo & Company boosted their target price on M&T Bank from $190.00 to $205.00 and gave the stock an "underweight" rating in a research report on Friday, November 15th. The Goldman Sachs Group increased their price target on shares of M&T Bank from $216.00 to $243.00 and gave the company a "neutral" rating in a research report on Tuesday, November 26th. Wolfe Research upgraded shares of M&T Bank from a "peer perform" rating to an "outperform" rating and set a $210.00 price objective for the company in a report on Friday, October 4th. Finally, Citigroup lowered shares of M&T Bank from a "buy" rating to a "neutral" rating and increased their target price for the stock from $220.00 to $230.00 in a report on Monday, November 25th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $216.86.

M&T Bank Trading Down 1.7 %

MTB traded down $3.32 during trading on Friday, reaching $187.82. 1,445,465 shares of the company's stock were exchanged, compared to its average volume of 1,133,478. The company's fifty day moving average price is $203.25 and its 200-day moving average price is $181.58. 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 firm has a market capitalization of $31.16 billion, a PE ratio of 13.90, a P/E/G ratio of 2.79 and a beta of 0.79. M&T Bank has a fifty-two week low of $128.31 and a fifty-two week high of $225.70.

M&T Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 2nd were issued a $1.35 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.88%. M&T Bank's dividend payout ratio (DPR) is presently 39.97%.

Insider Transactions at M&T Bank

In other news, EVP John R. Taylor sold 1,436 shares of the company's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $195.03, for a total transaction of $280,063.08. Following the sale, the executive vice president now owns 5,618 shares in the company, valued at $1,095,678.54. This represents a 20.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Vice Chairman Gary N. Geisel sold 2,490 shares of the firm's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $215.89, for a total transaction of $537,566.10. Following the completion of the transaction, the insider now directly owns 16,429 shares of the company's stock, valued at $3,546,856.81. This represents a 13.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 84,994 shares of company stock valued at $17,211,278 over the last 90 days. 0.82% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On M&T Bank

Several hedge funds have recently bought and sold shares of MTB. Plato Investment Management Ltd lifted its position in shares of M&T Bank by 2,300.0% in the third quarter. Plato Investment Management Ltd now owns 168 shares of the financial services provider's stock valued at $30,000 after buying an additional 161 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in M&T Bank in the 3rd quarter valued at $32,000. Hexagon Capital Partners LLC raised its position in shares of M&T Bank by 54.4% in the third quarter. Hexagon Capital Partners LLC now owns 193 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 68 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of M&T Bank by 329.2% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 206 shares of the financial services provider's stock worth $37,000 after buying an additional 158 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of M&T Bank during the 3rd quarter worth about $44,000. 84.68% of the stock is currently owned by institutional investors and hedge funds.

M&T Bank Company Profile

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.