Q4 Earnings Forecast for M&T Bank Issued By DA Davidson

M&T Bank Co. (NYSE:MTB) – Research analysts at DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for M&T Bank in a report issued on Monday, October 21st. DA Davidson analyst P. Winter forecasts that the financial services provider will post earnings of $3.78 per share for the quarter. DA Davidson has a “Neutral” rating and a $207.00 price objective on the stock. The consensus estimate for M&T Bank’s current full-year earnings is $14.16 per share.

MTB has been the topic of a number of other reports. Wolfe Research raised shares of M&T Bank from a “peer perform” rating to an “outperform” rating and set a $210.00 target price on the stock in a research note on Friday, October 4th. Royal Bank of Canada upped their price objective on shares of M&T Bank from $190.00 to $208.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Jefferies Financial Group lifted their price target on shares of M&T Bank from $160.00 to $161.00 and gave the company a “hold” rating in a research report on Wednesday, July 3rd. Morgan Stanley increased their target price on M&T Bank from $195.00 to $220.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, Piper Sandler boosted their price objective on M&T Bank from $164.00 to $190.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $197.47.

M&T Bank Stock Up 0.3 %

MTB opened at $194.12 on Wednesday. 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 twelve month low of $108.53 and a twelve month high of $200.94. The company has a market cap of $32.39 billion, a PE ratio of 13.13, a price-to-earnings-growth ratio of 3.27 and a beta of 0.75. The company has a 50-day moving average price of $174.28 and a 200 day moving average price of $159.70.

M&T Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 3rd were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend was Tuesday, September 3rd. M&T Bank’s payout ratio is presently 36.51%.

Insider Buying and Selling

In other M&T Bank news, Director Kirk W. Walters sold 2,471 shares of M&T Bank stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $24.60, for a total value of $60,786.60. Following the transaction, the director now directly owns 20,414 shares of the company’s stock, valued at $502,184.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other M&T Bank news, Vice Chairman Kevin J. Pearson sold 6,095 shares of M&T Bank stock in a transaction on Friday, August 9th. The shares were sold at an average price of $162.28, for a total transaction of $989,096.60. Following the sale, the insider now owns 47,944 shares in the company, valued at $7,780,352.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kirk W. Walters sold 2,471 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $24.60, for a total transaction of $60,786.60. Following the completion of the sale, the director now directly owns 20,414 shares in the company, valued at approximately $502,184.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,199 shares of company stock worth $4,856,869 in the last quarter. 0.82% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On M&T Bank

Large investors have recently modified their holdings of the stock. Ontario Teachers Pension Plan Board boosted its stake in M&T Bank by 43.1% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 12,423 shares of the financial services provider’s stock valued at $1,807,000 after buying an additional 3,739 shares in the last quarter. Leuthold Group LLC bought a new stake in M&T Bank during the first quarter worth about $3,125,000. Sumitomo Mitsui Trust Holdings Inc. grew its stake in M&T Bank by 7.7% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 497,503 shares of the financial services provider’s stock worth $72,357,000 after buying an additional 35,692 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of M&T Bank by 5.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 331,868 shares of the financial services provider’s stock worth $48,267,000 after buying an additional 18,566 shares in the last quarter. Finally, Gateway Investment Advisers LLC raised its stake in shares of M&T Bank by 60.0% in the second quarter. Gateway Investment Advisers LLC now owns 32,799 shares of the financial services provider’s stock valued at $4,964,000 after acquiring an additional 12,304 shares during the last quarter. 84.68% of the stock is currently owned by institutional investors.

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.