M&T Bank (NYSE:MTB) Upgraded at Wall Street Zen

M&T Bank (NYSE:MTB) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Several other equities analysts also recently commented on MTB. Jefferies Financial Group upped their price objective on shares of M&T Bank from $250.00 to $255.00 and gave the company a “buy” rating in a report on Friday, January 16th. UBS Group lifted their target price on shares of M&T Bank from $207.00 to $208.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. Citigroup increased their price target on shares of M&T Bank from $215.00 to $225.00 and gave the company a “neutral” rating in a report on Friday, January 2nd. Wells Fargo & Company raised their price objective on shares of M&T Bank from $185.00 to $205.00 and gave the stock an “underweight” rating in a research report on Monday, January 5th. Finally, Robert W. Baird upped their target price on M&T Bank from $225.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $224.29.

M&T Bank Price Performance

NYSE:MTB opened at $221.89 on Friday. M&T Bank has a 12-month low of $150.75 and a 12-month high of $222.83. The firm has a market capitalization of $34.10 billion, a price-to-earnings ratio of 13.01, a P/E/G ratio of 0.97 and a beta of 0.59. The stock’s 50 day moving average price is $205.52 and its two-hundred day moving average price is $196.22. The company has a quick ratio of 0.97, a current ratio of 0.90 and a debt-to-equity ratio of 0.41.

M&T Bank (NYSE:MTB) last issued its earnings results on Friday, January 16th. The financial services provider reported $4.72 EPS for the quarter, topping the consensus estimate of $4.47 by $0.25. M&T Bank had a return on equity of 10.94% and a net margin of 21.55%.The company had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same period in the previous year, the company posted $3.77 EPS. On average, analysts anticipate that M&T Bank will post 16.57 earnings per share for the current year.

Insider Buying and Selling

In related news, Director John P. Barnes sold 17,866 shares of the stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $220.81, for a total transaction of $3,944,991.46. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert E. Sadler, Jr. sold 6,000 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $190.06, for a total value of $1,140,360.00. Following the transaction, the director owned 17,070 shares in the company, valued at approximately $3,244,324.20. This trade represents a 26.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 30,003 shares of company stock valued at $6,283,182. 0.53% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On M&T Bank

Several institutional investors and hedge funds have recently bought and sold shares of MTB. Ransom Advisory Ltd increased its holdings in M&T Bank by 2.0% in the 4th quarter. Ransom Advisory Ltd now owns 2,513 shares of the financial services provider’s stock valued at $506,000 after buying an additional 50 shares during the period. Crestwood Advisors Group LLC lifted its holdings in shares of M&T Bank by 1.7% during the 2nd quarter. Crestwood Advisors Group LLC now owns 3,237 shares of the financial services provider’s stock worth $628,000 after acquiring an additional 54 shares during the period. Arkadios Wealth Advisors boosted its position in shares of M&T Bank by 5.1% during the 2nd quarter. Arkadios Wealth Advisors now owns 1,312 shares of the financial services provider’s stock worth $254,000 after acquiring an additional 64 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in M&T Bank by 0.3% in the second quarter. Gamco Investors INC. ET AL now owns 20,489 shares of the financial services provider’s stock valued at $3,975,000 after acquiring an additional 67 shares during the last quarter. Finally, Wedbush Securities Inc. raised its position in M&T Bank by 3.3% during the third quarter. Wedbush Securities Inc. now owns 2,171 shares of the financial services provider’s stock valued at $429,000 after purchasing an additional 70 shares in the last quarter. Institutional investors own 84.68% of the company’s stock.

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.