Zacks Research Brokers Lift Earnings Estimates for M&T Bank

M&T Bank Co. (NYSE:MTB) – Investment analysts at Zacks Research raised their FY2024 earnings per share estimates for shares of M&T Bank in a research note issued to investors on Tuesday, November 26th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings of $14.56 per share for the year, up from their previous forecast of $14.53. 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 Q2 2025 earnings at $3.91 EPS, Q3 2025 earnings at $4.31 EPS, Q4 2025 earnings at $4.64 EPS, FY2025 earnings at $16.32 EPS, Q1 2026 earnings at $4.52 EPS, Q2 2026 earnings at $4.74 EPS and FY2026 earnings at $18.55 EPS.

Several other analysts have also recently issued reports on the stock. Wedbush boosted their price objective on shares of M&T Bank from $208.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. raised M&T Bank from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $183.00 to $215.00 in a research note on Tuesday, September 3rd. Evercore ISI increased their target price on shares of M&T Bank from $210.00 to $232.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. DA Davidson boosted their price objective on shares of M&T Bank from $192.00 to $207.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Finally, Royal Bank of Canada raised their target price on shares of M&T Bank from $190.00 to $208.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $203.29.

M&T Bank Price Performance

MTB stock opened at $220.77 on Wednesday. The stock has a market capitalization of $36.63 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 3.11 and a beta of 0.74. The stock’s fifty day simple moving average is $193.89 and its 200-day simple moving average is $170.70. M&T Bank has a 52-week low of $123.46 and a 52-week high of $225.70. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.44.

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

Hedge Funds Weigh In On M&T Bank

A number of hedge funds and other institutional investors have recently bought and sold shares of MTB. FMR LLC lifted its holdings in shares of M&T Bank by 13.9% in the 3rd quarter. FMR LLC now owns 12,349,398 shares of the financial services provider’s stock worth $2,199,675,000 after purchasing an additional 1,508,846 shares during the last quarter. State Street Corp lifted its stake in M&T Bank by 6.4% in the third quarter. State Street Corp now owns 8,773,439 shares of the financial services provider’s stock valued at $1,562,725,000 after buying an additional 527,854 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of M&T Bank by 232.1% during the second quarter. Marshall Wace LLP now owns 676,745 shares of the financial services provider’s stock valued at $102,432,000 after acquiring an additional 472,997 shares during the period. Los Angeles Capital Management LLC grew its position in shares of M&T Bank by 77.0% during the second quarter. Los Angeles Capital Management LLC now owns 733,304 shares of the financial services provider’s stock worth $110,993,000 after acquiring an additional 319,051 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new stake in shares of M&T Bank in the 3rd quarter worth about $44,422,000. 84.68% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Rene F. Jones sold 23,071 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $193.88, for a total transaction of $4,473,005.48. Following the sale, the chief executive officer now directly owns 77,226 shares of the company’s stock, valued at approximately $14,972,576.88. This represents a 23.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John P. Barnes sold 20,000 shares of the business’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $193.97, for a total transaction of $3,879,400.00. Following the sale, the director now owns 49,960 shares of the company’s stock, valued at approximately $9,690,741.20. The trade was a 28.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 90,383 shares of company stock valued at $17,925,801 in the last ninety days. Corporate insiders own 0.82% of the company’s stock.

M&T Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 2nd will be paid a dividend of $1.35 per share. The ex-dividend date 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%.

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.