UBS Group Raises M&T Bank (NYSE:MTB) Price Target to $252.00

M&T Bank (NYSE:MTB) had its price objective boosted by research analysts at UBS Group from $225.00 to $252.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. UBS Group’s price target would indicate a potential upside of 4.28% from the company’s current price.

Several other brokerages have also recently weighed in on MTB. Wall Street Zen raised M&T Bank from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Jefferies Financial Group lifted their target price on shares of M&T Bank from $255.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Piper Sandler boosted their target price on shares of M&T Bank from $235.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Argus increased their price target on M&T Bank from $230.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Finally, The Goldman Sachs Group lifted their price objective on M&T Bank from $231.00 to $235.00 and gave the stock a “neutral” rating in a research report on Monday, April 6th. Seven equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, M&T Bank has a consensus rating of “Hold” and a consensus target price of $240.55.

M&T Bank Stock Up 0.7%

NYSE:MTB opened at $241.65 on Tuesday. The firm’s 50 day simple moving average is $220.63 and its 200 day simple moving average is $216.43. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.94 and a quick ratio of 0.94. M&T Bank has a one year low of $174.76 and a one year high of $243.57. The company has a market cap of $35.39 billion, a PE ratio of 13.53, a P/E/G ratio of 1.17 and a beta of 0.57.

M&T Bank (NYSE:MTB) last issued its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $4.18 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the business earned $3.32 earnings per share. On average, research analysts anticipate that M&T Bank will post 18.8 earnings per share for the current year.

M&T Bank declared that its Board of Directors has initiated a stock repurchase program on Tuesday, March 31st that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 16.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Insider Activity at M&T Bank

In related news, EVP Christopher E. Kay sold 3,105 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $216.50, for a total value of $672,232.50. Following the transaction, the executive vice president directly owned 6,753 shares in the company, valued at $1,462,024.50. This trade represents a 31.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.44% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On M&T Bank

Several large investors have recently bought and sold shares of MTB. Bogart Wealth LLC boosted its holdings in M&T Bank by 233.3% during the first quarter. Bogart Wealth LLC now owns 120 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 84 shares during the last quarter. Triumph Capital Management purchased a new stake in shares of M&T Bank during the third quarter worth $32,000. Elyxium Wealth LLC bought a new position in shares of M&T Bank in the fourth quarter worth $33,000. Ameriflex Group Inc. raised its stake in shares of M&T Bank by 82.4% during the 3rd quarter. Ameriflex Group Inc. now owns 186 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 84 shares during the period. Finally, Bank of Jackson Hole Trust lifted its holdings in M&T Bank by 38.7% during the 4th quarter. Bank of Jackson Hole Trust now owns 215 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 60 shares in the last quarter. 84.68% of the stock is currently owned by institutional investors.

Key Stories Impacting 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

About M&T Bank

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.