Wedbush Has Pessimistic Outlook of M&T Bank Q4 Earnings

M&T Bank Co. (NYSE:MTB) – Investment analysts at Wedbush decreased their Q4 2024 earnings per share estimates for shares of M&T Bank in a research report issued on Thursday, October 17th. Wedbush analyst D. Chiaverini now forecasts that the financial services provider will post earnings per share of $3.57 for the quarter, down from their previous forecast of $3.69. Wedbush currently has a “Outperform” rating and a $210.00 target price on the stock. The consensus estimate for M&T Bank’s current full-year earnings is $14.16 per share. Wedbush also issued estimates for M&T Bank’s Q1 2026 earnings at $4.08 EPS, Q2 2026 earnings at $4.52 EPS, Q3 2026 earnings at $4.74 EPS and FY2026 earnings at $18.20 EPS.

A number of other brokerages have also recently issued reports on MTB. DA Davidson increased their target price on M&T Bank from $192.00 to $207.00 and gave the stock a “neutral” rating in a report on Monday. The Goldman Sachs Group raised their price objective on shares of M&T Bank from $190.00 to $216.00 and gave the company a “neutral” rating in a research note on Friday. Royal Bank of Canada lifted their price objective on shares of M&T Bank from $190.00 to $208.00 and gave the company an “outperform” rating in a report on Friday. Wolfe Research upgraded shares of M&T Bank from a “peer perform” rating to an “outperform” rating and set a $210.00 target price on the stock in a report on Friday, October 4th. Finally, Barclays raised 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 research report on Friday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $197.47.

M&T Bank Trading Down 2.0 %

Shares of M&T Bank stock opened at $193.63 on Monday. The stock has a market capitalization of $32.31 billion, a PE ratio of 13.09, a price-to-earnings-growth ratio of 3.27 and a beta of 0.75. M&T Bank has a 52 week low of $108.53 and a 52 week high of $200.94. The stock has a 50 day moving average price of $173.61 and a two-hundred day moving average price of $159.31. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.00 and a current ratio of 1.00.

Institutional Trading of M&T Bank

Several hedge funds have recently made changes to their positions in MTB. Fidelis Capital Partners LLC purchased a new stake in M&T Bank in the 1st quarter worth about $30,000. Hexagon Capital Partners LLC increased its stake 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 worth $34,000 after purchasing an additional 68 shares in the last quarter. Oakworth Capital Inc. bought a new stake in shares of M&T Bank in the second quarter valued at approximately $35,000. nVerses Capital LLC purchased a new stake in shares of M&T Bank during the 3rd quarter valued at approximately $53,000. Finally, Versant Capital Management Inc boosted its holdings in M&T Bank by 82.7% in the 2nd quarter. Versant Capital Management Inc now owns 444 shares of the financial services provider’s stock worth $67,000 after buying an additional 201 shares during the period. 84.68% of the stock is currently owned by institutional investors.

Insider Transactions at M&T Bank

In related news, Director Denis J. Salamone sold 10,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $172.03, for a total transaction of $1,720,300.00. Following the completion of the transaction, the director now owns 44,902 shares in the company, valued at approximately $7,724,491.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Kirk W. Walters sold 2,471 shares of M&T Bank stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $24.60, for a total value of $60,786.60. Following the sale, the director now owns 20,414 shares of the company’s stock, valued at approximately $502,184.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Denis J. Salamone sold 10,000 shares of the 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 transaction, the director now directly owns 44,902 shares of the company’s stock, valued at approximately $7,724,491.06. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,699 shares of company stock worth $4,943,119 in the last ninety days. Company insiders own 0.82% of the company’s stock.

M&T Bank Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 3rd were given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend was Tuesday, September 3rd. M&T Bank’s dividend payout ratio is presently 36.51%.

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.