Wedbush Raises M&T Bank (NYSE:MTB) Price Target to $210.00

M&T Bank (NYSE:MTB) had its price objective boosted by equities researchers at Wedbush from $208.00 to $210.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Wedbush’s price objective points to a potential upside of 21.63% from the company’s current price. Wedbush also issued estimates for M&T Bank’s Q1 2025 earnings at $3.55 EPS, Q2 2025 earnings at $3.96 EPS, Q3 2025 earnings at $4.19 EPS, Q4 2025 earnings at $4.30 EPS, FY2025 earnings at $16.00 EPS and FY2026 earnings at $17.85 EPS.

A number of other equities analysts have also recently commented on MTB. Citigroup lifted their price target on M&T Bank from $180.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. StockNews.com upgraded M&T Bank from a “sell” rating to a “hold” rating in a research note on Friday, July 19th. DA Davidson upped their price objective on M&T Bank from $159.00 to $185.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Jefferies Financial Group boosted their target price on shares of M&T Bank from $160.00 to $161.00 and gave the company a “hold” rating in a research note on Wednesday, July 3rd. Finally, Bank of America lifted their price target on shares of M&T Bank from $160.00 to $188.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $178.35.

M&T Bank Trading Down 1.2 %

Shares of MTB stock opened at $172.66 on Tuesday. The firm has a market cap of $28.81 billion, a P/E ratio of 11.67, a PEG ratio of 3.55 and a beta of 0.76. The company has a 50 day moving average of $168.09 and a 200-day moving average of $154.06. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.44. M&T Bank has a 12-month low of $108.53 and a 12-month high of $180.63.

M&T Bank (NYSE:MTB) last posted its earnings results on Thursday, July 18th. The financial services provider reported $3.73 earnings per share for the quarter, beating analysts’ consensus estimates of $3.50 by $0.23. The business had revenue of $3.37 billion during the quarter, compared to analyst estimates of $2.27 billion. M&T Bank had a return on equity of 9.62% and a net margin of 17.84%. During the same quarter in the previous year, the firm earned $5.12 EPS. Sell-side analysts anticipate that M&T Bank will post 14.23 earnings per share for the current year.

Insider Buying and Selling at M&T Bank

In other news, Vice Chairman Gary N. Geisel sold 500 shares of the stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $172.50, for a total transaction of $86,250.00. Following the sale, the insider now directly owns 16,429 shares of the company’s stock, valued at approximately $2,834,002.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Vice Chairman Kevin J. Pearson sold 6,095 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $162.28, for a total value of $989,096.60. Following the completion of the sale, the insider now owns 47,944 shares of the company’s stock, valued at approximately $7,780,352.32. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Gary N. Geisel sold 500 shares of the company’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $172.50, for a total transaction of $86,250.00. Following the transaction, the insider now owns 16,429 shares of the company’s stock, valued at $2,834,002.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,699 shares of company stock valued at $5,115,349. Corporate insiders own 0.82% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. General Partner Inc. acquired a new position in M&T Bank in the 1st quarter valued at $27,000. Fidelis Capital Partners LLC purchased a new stake in shares of M&T Bank during the first quarter worth $30,000. Oakworth Capital Inc. acquired a new stake in shares of M&T Bank in the second quarter valued at about $35,000. Versant Capital Management Inc lifted its stake in shares of M&T Bank by 82.7% in the second quarter. Versant Capital Management Inc now owns 444 shares of the financial services provider’s stock worth $67,000 after buying an additional 201 shares in the last quarter. Finally, Bank & Trust Co acquired a new position in M&T Bank during the second quarter worth about $70,000. Institutional investors and hedge funds own 84.68% of the company’s stock.

About M&T Bank

M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that engages in the provision of retail and commercial banking products and services in the United States. The company operates through three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management.