M&T Bank (MTB) Stock Price, News & Analysis

Company Overview

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. It offers a range of credit products and banking services, such as commercial lending and leasing, letters of credits, commercial real estate loans, and credit facilities secured by various commercial real estate to middle-market and large commercial customers. The company also provides customers deposit products, including demand, savings and time accounts, and other services; automobile and recreational finance loans, home equity loans and lines of credit, credit cards, and other loan products, as well as residential mortgage and real estate loans; business loans, cash management, payroll, and direct deposit services to consumers and small businesses through branch network, telephone banking, internet banking, and automated teller machines. In addition, it offers trustee, agency, investment management, security brokerage, and administrative services; personal trust, planning, fiduciary, asset management, family office, and other services; and investment products, including mutual funds and annuities, and other services for corporations and institutions, investment bankers, corporate tax, finance and legal executives, and other institutional clients. The company was founded in 1856 and is headquartered in Buffalo, New York.

Key Stats

• Today's Range: $184.22 to $190.32
• 50-Day Range: $185.42 to $221.96
• 52-Week Range: $128.31 to $225.70
• Volume: 3.34 million shs
• Average Volume: 1.06 million shs
• Market Capitalization: $31.44 billion
• P/E Ratio: 14.03
• Dividend Yield: 2.85%
• Price Target: $215.50
• Consensus Rating: Hold

M&T Bank Stock Analysis - MarketRank™

M&T Bank scored higher than 93% of companies evaluated by MarketBeat, and ranked 104th out of 936 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.2 / 5
• Analyst Rating: Hold

Consensus Rating

M&T Bank has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 7 buy ratings, 8 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

M&T Bank has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 12.10%

Earnings Growth

Earnings for M&T Bank are expected to grow by 12.10% in the coming year, from $14.63 to $16.40 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of M&T Bank is 14.03, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.74.

Price to Earnings Ratio vs. Sector

The P/E ratio of M&T Bank is 14.03, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 24.70.

Price to Earnings Growth Ratio

M&T Bank has a PEG Ratio of 2.83. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

M&T Bank has a P/B Ratio of 1.26. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

2.62% of the outstanding shares of M&T Bank have been sold short.

Short Interest Ratio / Days to Cover

M&T Bank has a short interest ratio ("days to cover") of 4.

Change versus previous month

Short interest in M&T Bank has recently increased by 27.65%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

M&T Bank pays a meaningful dividend of 2.90%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

M&T Bank does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of M&T Bank is 39.97%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, M&T Bank will have a dividend payout ratio of 32.93% next year. This indicates that M&T Bank will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.6 / 5
• Environmental Score: -0.42

Percentage of Shares Shorted

2.62% of the outstanding shares of M&T Bank have been sold short.

Short Interest Ratio / Days to Cover

M&T Bank has a short interest ratio ("days to cover") of 4.

Change versus previous month

Short interest in M&T Bank has recently increased by 27.65%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.4 / 5
• News Sentiment: 0.43

News Sentiment

M&T Bank has a news sentiment score of 0.43. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.74 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for M&T Bank this week, compared to 14 articles on an average week.

Search Interest

Only 3 people have searched for MTB on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

MarketBeat Follows

Only 9 people have added M&T Bank to their MarketBeat watchlist in the last 30 days. This is a decrease of -36% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, M&T Bank insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $17,211,278.00 in company stock.

Percentage Held by Insiders

Only 0.82% of the stock of M&T Bank is held by insiders.

Percentage Held by Institutions

84.68% of the stock of M&T Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MTB Stock Analysis - Frequently Asked Questions

How have MTB shares performed this year?

M&T Bank's stock was trading at $137.08 at the beginning of the year. Since then, MTB stock has increased by 38.2% and is now trading at $189.48.
View the best growth stocks for 2024 here.

How were M&T Bank's earnings last quarter?

M&T Bank Co. (NYSE:MTB) issued its quarterly earnings data on Thursday, October, 17th. The financial services provider reported $4.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.60 by $0.48. The financial services provider had revenue of $2.33 billion for the quarter, compared to analysts' expectations of $2.30 billion. M&T Bank had a net margin of 17.82% and a trailing twelve-month return on equity of 9.52%.

Who are M&T Bank's major shareholders?

M&T Bank's top institutional investors include FMR LLC (7.44%), Wellington Management Group LLP (6.02%), State Street Corp (5.29%) and Charles Schwab Investment Management Inc. (3.04%). Insiders that own company stock include Rene F Jones, Denis J Salamone, Kevin J Pearson, John P Barnes, Daryl N Bible, Robert E Sadler Jr, Robert J Bojdak, Gary N Geisel, Michele D Trolli, Christopher E Kay, D Scott N Warman, John R Taylor, Tracy S Woodrow, Michael J Todaro, Kirk W Walters, Rudina Seseri, Edna Jennifer Warren, Jeffrey J Tengel and Doris P Meister.
View institutional ownership trends.

How do I buy shares of M&T Bank?

Shares of MTB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of M&T Bank own?

Based on aggregate information from My MarketBeat watchlists, some other companies that M&T Bank investors own include NVIDIA (NVDA), Humana (HUM), Meta Platforms (META), Verizon Communications (VZ), American Water Works (AWK), Broadcom (AVGO) and Advanced Micro Devices (AMD).

Company Calendar

• Ex-Dividend for 9/30 Dividend: 9/03/2024
• Dividend Payable: 9/30/2024
• Last Earnings: 10/17/2024
• Ex-Dividend for 12/31 Dividend: 12/02/2024
• Today: 12/22/2024
• Dividend Payable: 12/31/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Regional Banks
• Current Symbol: NYSE:MTB
• CUSIP: 55261F10
• CIK: 36270
• Web: www.mtb.com
• Phone: (716) 635-4000
• Fax: 716-842-5021
• Employees: 22,223
• Year Founded: 1856

Price Target and Rating

• Average Stock Price Target: $215.50
• High Stock Price Target: $250.00
• Low Stock Price Target: $154.00
• Potential Upside/Downside: +13.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.38
• Research Coverage: 16 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $13.51
• Trailing P/E Ratio: 14.03
• Forward P/E Ratio: 12.95
• P/E Growth: 2.83
• Net Income: $2.74 billion
• Net Margins: 17.82%
• Pretax Margin: 22.79%
• Return on Equity: 9.52%
• Return on Assets: 1.15%

Debt

• Debt-to-Equity Ratio: 0.44
• Current Ratio: 0.99
• Quick Ratio: 0.99

Sales & Book Value

• Annual Sales: $9.17 billion
• Price / Sales: 3.43
• Cash Flow: $18.58 per share
• Price / Cash Flow: 10.20
• Book Value: $150.31 per share
• Price / Book: 1.26

Miscellaneous

• Outstanding Shares: 165,921,000
• Free Float: 164,560,000
• Market Cap: $31.44 billion
• Optionable: Optionable
• Beta: 0.76