M&T Bank (NYSE:MTB) Upgraded to “Hold” at Wall Street Zen

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

Several other equities analysts also recently commented on the stock. Cantor Fitzgerald increased their target price on shares of M&T Bank from $253.00 to $262.00 and gave the stock an “overweight” rating in a research report on Wednesday. Keefe, Bruyette & Woods boosted their price target on M&T Bank from $242.00 to $250.00 and gave the stock a “market perform” rating in a research report on Thursday. Royal Bank Of Canada upped their price target on M&T Bank from $230.00 to $255.00 and gave the stock an “outperform” rating in a research note on Thursday. Jefferies Financial Group reissued a “buy” rating and set a $300.00 price objective on shares of M&T Bank in a report on Wednesday. Finally, Morgan Stanley lifted their target price on shares of 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 equities 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 stock. Based on data from MarketBeat, M&T Bank presently has an average rating of “Hold” and an average price target of $249.50.

M&T Bank Trading Up 0.0%

NYSE:MTB opened at $249.28 on Monday. The stock’s 50 day moving average price is $225.98 and its 200 day moving average price is $219.06. M&T Bank has a 52 week low of $174.76 and a 52 week high of $255.00. The company has a market capitalization of $36.51 billion, a P/E ratio of 13.16, a P/E/G ratio of 1.19 and a beta of 0.57. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.94 and a current ratio of 0.89.

M&T Bank (NYSE:MTB) last posted its earnings results on Wednesday, July 15th. The financial services provider reported $5.35 EPS for the quarter, topping the consensus estimate of $4.66 by $0.69. M&T Bank had a net margin of 22.72% and a return on equity of 11.80%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the previous year, the firm posted $4.28 earnings per share. On average, research analysts forecast that M&T Bank will post 19.2 EPS for the current fiscal year.

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

Insider Buying and Selling

In other M&T Bank news, EVP Christopher E. Kay sold 3,105 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.44% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MTB. Bank of New York Mellon Corp lifted its position in M&T Bank by 3.6% in the fourth 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 purchasing an additional 49,336 shares during the period. Canoe Financial LP increased its holdings in M&T Bank by 50.5% in the 4th quarter. Canoe Financial LP now owns 652,744 shares of the financial services provider’s stock valued at $131,515,000 after buying an additional 219,065 shares during the period. Barclays PLC raised its stake in shares of M&T Bank by 3.9% in the 4th quarter. Barclays PLC now owns 530,305 shares of the financial services provider’s stock valued at $106,846,000 after buying an additional 20,120 shares in the last quarter. Davis Asset Management L.P. raised its stake 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 valued at $80,592,000 after buying an additional 75,000 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of M&T Bank by 35.4% during the 4th quarter. Russell Investments Group Ltd. now owns 396,531 shares of the financial services provider’s stock worth $79,954,000 after acquiring an additional 103,692 shares during the period. 84.68% of the stock is currently 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: M&T Bank posted stronger-than-expected Q2 results, with revenue above estimates and normalized EPS beating forecasts, driven by mid-single-digit loan growth and solid net interest income. M&T Bank: Loan And NII Growth Support Upside (Rating Upgrade)
• Positive Sentiment: Several analysts raised their price targets after the earnings report, including Barclays, Robert W. Baird, and Keefe, Bruyette & Woods, signaling improved confidence in MTB’s outlook. M&T Bank Analysts Increase Their Forecasts After Strong Q2 Results
• Neutral Sentiment: One note suggested the shares may be fully valued after buyback and preferred capital moves, indicating the upside could be more limited after the recent run-up. M&T Bank (MTB) Looks Fully Valued After Buyback And Preferred Capital Moves
• Neutral Sentiment: Other headlines confirmed that Q2 sales topped estimates, reinforcing the overall earnings beat but adding little new beyond the strong quarterly report. M&T Bank’s (NYSE:MTB) Q2 CY2026 Sales Top Estimates

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.