M&T Bank (NYSE:MTB) Given Neutral Rating at Robert W. Baird

Robert W. Baird reissued their neutral rating on shares of M&T Bank (NYSE:MTB) in a research note published on Monday morning, Marketbeat reports. They currently have a $240.00 price objective on the financial services provider’s stock.

MTB has been the subject of a number of other reports. Royal Bank Of Canada boosted their target price on shares of M&T Bank from $225.00 to $230.00 and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. Wall Street Zen upgraded shares of M&T Bank from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. UBS Group set a $235.00 price target on M&T Bank in a report on Thursday, April 16th. DA Davidson boosted their price objective 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. Finally, Morgan Stanley increased their price objective on M&T Bank from $245.00 to $253.00 and gave the stock an “equal weight” rating in a report on Monday, June 29th. Seven research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $240.55.

M&T Bank Stock Performance

MTB stock opened at $240.89 on Monday. M&T Bank has a 1 year low of $174.76 and a 1 year high of $243.57. The stock has a market capitalization of $35.28 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 1.17 and a beta of 0.57. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.94 and a current ratio of 0.94. The stock’s fifty day moving average is $220.63 and its two-hundred day moving average is $216.43.

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

M&T Bank declared that its board has approved a share buyback plan on Tuesday, March 31st that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to buy up to 16.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

M&T Bank Dividend Announcement

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

Insiders Place Their Bets

In other news, EVP Christopher E. Kay sold 3,105 shares of M&T Bank stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $216.50, for a total transaction of $672,232.50. Following the transaction, the executive vice president directly owned 6,753 shares in the company, valued at approximately $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 can be accessed through this link. 0.44% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MTB. Versant Capital Management Inc grew its stake in shares of M&T Bank by 12.5% in the 2nd quarter. Versant Capital Management Inc now owns 989 shares of the financial services provider’s stock worth $235,000 after purchasing an additional 110 shares during the last quarter. CX Institutional boosted its holdings in M&T Bank by 3.4% during the second quarter. CX Institutional now owns 1,650 shares of the financial services provider’s stock worth $393,000 after buying an additional 54 shares in the last quarter. Parallel Advisors LLC grew its position in M&T Bank by 9.9% in the first quarter. Parallel Advisors LLC now owns 3,846 shares of the financial services provider’s stock worth $795,000 after buying an additional 345 shares during the last quarter. Glenmede Trust Co. NA increased its holdings in shares of M&T Bank by 0.9% in the first quarter. Glenmede Trust Co. NA now owns 11,489 shares of the financial services provider’s stock valued at $2,375,000 after buying an additional 97 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of M&T Bank by 24.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,657 shares of the financial services provider’s stock valued at $343,000 after acquiring an additional 328 shares during the last quarter. 84.68% of the stock is owned by institutional investors and hedge funds.

More M&T Bank News

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.