DA Davidson Issues Optimistic Forecast for M&T Bank Earnings

M&T Bank Co. (NYSE:MTB) – Stock analysts at DA Davidson boosted their FY2025 earnings estimates for M&T Bank in a research note issued to investors on Thursday, December 19th. DA Davidson analyst P. Winter now expects that the financial services provider will earn $16.38 per share for the year, up from their prior estimate of $16.36. DA Davidson currently has a “Neutral” rating and a $207.00 target price on the stock. The consensus estimate for M&T Bank’s current full-year earnings is $14.63 per share.

M&T Bank (NYSE:MTB) last issued its quarterly earnings data 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. The company had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.30 billion. M&T Bank had a return on equity of 9.52% and a net margin of 17.82%.

MTB has been the topic of a number of other research reports. The Goldman Sachs Group lifted their target price on shares of M&T Bank from $216.00 to $243.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Citigroup downgraded M&T Bank from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $220.00 to $230.00 in a report on Monday, November 25th. StockNews.com upgraded M&T Bank from a “sell” rating to a “hold” rating in a report on Friday, October 18th. Keefe, Bruyette & Woods lifted their price target 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. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $223.50 price objective (up previously from $215.00) on shares of M&T Bank in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, M&T Bank currently has an average rating of “Hold” and an average target price of $215.50.

M&T Bank Trading Up 2.2 %

Shares of MTB stock opened at $189.48 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.44. The firm has a market cap of $31.44 billion, a P/E ratio of 14.03, a price-to-earnings-growth ratio of 2.83 and a beta of 0.76. The business has a 50-day moving average price of $204.21 and a two-hundred day moving average price of $177.41. M&T Bank has a 12-month low of $128.31 and a 12-month high of $225.70.

Institutional Investors Weigh In On M&T Bank

A number of institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. boosted its stake in M&T Bank by 1.4% in the 3rd quarter. Principal Financial Group Inc. now owns 199,111 shares of the financial services provider’s stock worth $35,466,000 after purchasing an additional 2,797 shares during the period. Oddo BHF Asset Management Sas bought a new position in shares of M&T Bank during the third quarter worth $1,834,000. Franklin Resources Inc. increased its holdings in M&T Bank by 45.5% in the 3rd quarter. Franklin Resources Inc. now owns 21,481 shares of the financial services provider’s stock valued at $3,986,000 after acquiring an additional 6,717 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its stake in M&T Bank by 80.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 13,901 shares of the financial services provider’s stock worth $2,476,000 after purchasing an additional 6,205 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in shares of M&T Bank by 14.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 15,767 shares of the financial services provider’s stock valued at $2,808,000 after purchasing an additional 2,018 shares during the last quarter. Hedge funds and other institutional investors own 84.68% of the company’s stock.

Insider Transactions at M&T Bank

In other M&T Bank news, EVP John R. Taylor sold 1,436 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $195.03, for a total value of $280,063.08. Following the transaction, the executive vice president now directly owns 5,618 shares in the company, valued at approximately $1,095,678.54. This trade represents a 20.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Gary N. Geisel sold 2,490 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $215.89, for a total value of $537,566.10. Following the completion of the transaction, the insider now directly owns 16,429 shares in the company, valued at $3,546,856.81. This trade represents a 13.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 84,994 shares of company stock worth $17,211,278 over the last quarter. 0.82% of the stock is currently owned by insiders.

M&T Bank Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 2nd will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Monday, December 2nd. M&T Bank’s dividend payout ratio (DPR) is currently 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.