M&T Bank (NYSE:MTB) Given New $215.00 Price Target at Wells Fargo & Company

M&T Bank (NYSE:MTB) had its price objective boosted by Wells Fargo & Company from $205.00 to $215.00 in a research note published on Monday morning, MarketBeat.com reports. The brokerage currently has an underweight rating on the financial services provider’s stock.

A number of other equities research analysts have also recently weighed in on the stock. Royal Bank Of Canada boosted their price target on shares of M&T Bank from $225.00 to $230.00 and gave the company an “outperform” rating in a research report on Tuesday, June 23rd. DA Davidson lifted their target price on M&T Bank from $233.00 to $235.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Wall Street Zen raised M&T Bank from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Morgan Stanley raised their price target on M&T Bank from $245.00 to $253.00 and gave the stock an “equal weight” rating in a research note on Monday, June 29th. Finally, Piper Sandler increased their price objective on M&T Bank from $235.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Seven research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, M&T Bank presently has an average rating of “Hold” and a consensus price target of $240.55.

M&T Bank Price Performance

Shares of NYSE MTB opened at $240.89 on Monday. The stock’s 50-day simple moving average is $220.63 and its 200-day simple moving average is $216.43. The firm has a market capitalization of $35.28 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 1.17 and a beta of 0.57. M&T Bank has a fifty-two week low of $174.76 and a fifty-two week high of $243.57. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.94 and a current ratio of 0.94.

M&T Bank (NYSE:MTB) last announced its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $4.18 EPS for the quarter, beating the consensus estimate of $4.02 by $0.16. The company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.43 billion. M&T Bank had a net margin of 22.07% and a return on equity of 11.35%. During the same period in the prior year, the firm posted $3.32 earnings per share. As a group, equities research analysts forecast that M&T Bank will post 18.8 EPS for the current fiscal year.

M&T Bank Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 1st were issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, June 1st. M&T Bank’s payout ratio is 33.59%.

M&T Bank announced that its Board of Directors has initiated a stock buyback plan on Tuesday, March 31st that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 16.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other M&T Bank news, EVP Christopher E. Kay sold 3,105 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $216.50, for a total transaction of $672,232.50. Following the sale, the executive vice president directly owned 6,753 shares of the company’s stock, valued at $1,462,024.50. This trade represents a 31.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.44% of the company’s stock.

Institutional Trading of M&T Bank

A number of institutional investors and hedge funds have recently made changes to their positions in MTB. Bank of New York Mellon Corp raised its position in shares of M&T Bank by 3.6% in the 4th quarter. Bank of New York Mellon Corp now owns 1,416,224 shares of the financial services provider’s stock worth $285,341,000 after buying an additional 49,336 shares during the period. Canoe Financial LP increased its stake in M&T Bank by 50.5% during the fourth quarter. Canoe Financial LP now owns 652,744 shares of the financial services provider’s stock worth $131,515,000 after acquiring an additional 219,065 shares during the last quarter. Barclays PLC increased its stake in M&T Bank by 3.9% during the fourth quarter. Barclays PLC now owns 530,305 shares of the financial services provider’s stock worth $106,846,000 after acquiring an additional 20,120 shares during the last quarter. Davis Asset Management L.P. raised its holdings in shares of M&T Bank by 23.1% in the 4th quarter. Davis Asset Management L.P. now owns 400,000 shares of the financial services provider’s stock worth $80,592,000 after purchasing an additional 75,000 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in shares of M&T Bank by 35.4% in the 4th quarter. Russell Investments Group Ltd. now owns 396,531 shares of the financial services provider’s stock worth $79,954,000 after purchasing an additional 103,692 shares during the period. 84.68% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about M&T Bank

Here are the key news stories impacting M&T Bank this week:

• Positive Sentiment: JPMorgan raised its price target on M&T Bank to $251.50 from $227.00, implying upside from current levels and signaling firmer expectations ahead of the bank’s upcoming earnings report. Benzinga / Tickerreport
• Neutral Sentiment: Robert W. Baird reaffirmed its neutral rating with a $240 target, suggesting the shares are fairly valued near recent trading levels. Tickerreport.com
• Neutral Sentiment: Benzinga highlighted that M&T Bank is expected to report higher second-quarter earnings when it releases results before the open on July 15, which could help shape sentiment if the bank beats estimates. Benzinga
• Negative Sentiment: Wells Fargo lifted its target to $215 but kept an underweight rating, indicating caution and suggesting limited upside from the bank’s current valuation. Benzinga / The Fly
• Negative Sentiment: A separate analyst note reported a downgrade/less-bullish stance on MTB, reinforcing the mixed Wall Street view that may temper enthusiasm despite the higher JPMorgan target. Benzinga

M&T Bank Company Profile

M&T Bank Corporation is a bank holding company headquartered in Buffalo, New York, that provides a broad range of banking and financial services to individuals, businesses and institutions. The company operates a commercial and retail banking franchise that includes deposit-taking, lending, and payment services delivered through branch networks, digital channels and commercial banking teams. M&T serves customers across the northeastern and mid‑Atlantic United States and has expanded its geographic footprint through strategic acquisitions.

Its core businesses include commercial banking for middle‑market and community businesses, consumer and retail banking, mortgage origination and servicing, treasury and cash management, and wealth management and trust services.