What is Zacks Research’s Forecast for M&T Bank Q4 Earnings?

M&T Bank Co. (NYSE:MTB) – Equities research analysts at Zacks Research boosted their Q4 2024 earnings estimates for shares of M&T Bank in a research note issued on Tuesday, November 26th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings per share of $3.60 for the quarter, up from their prior forecast of $3.57. The consensus estimate for M&T Bank’s current full-year earnings is $14.56 per share. Zacks Research also issued estimates for M&T Bank’s Q1 2025 earnings at $3.46 EPS and Q3 2026 earnings at $4.60 EPS.

A number of other brokerages have also weighed in on MTB. DA Davidson lifted their target price on shares of M&T Bank from $192.00 to $207.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Barclays lifted their price target on shares of M&T Bank from $170.00 to $228.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Royal Bank of Canada boosted their price target on M&T Bank from $190.00 to $208.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Morgan Stanley raised their price objective on M&T Bank from $195.00 to $220.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Finally, The Goldman Sachs Group increased their target price on M&T Bank from $216.00 to $243.00 and gave the stock a “neutral” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $206.41.

M&T Bank Price Performance

Shares of MTB stock opened at $220.80 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.99 and a current ratio of 0.99. M&T Bank has a fifty-two week low of $123.46 and a fifty-two week high of $225.70. The firm has a market cap of $36.64 billion, a P/E ratio of 16.34, a P/E/G ratio of 3.13 and a beta of 0.74. The business’s 50 day moving average price is $195.64 and its 200-day moving average price is $171.40.

M&T Bank (NYSE:MTB) last posted its earnings results on Thursday, October 17th. The financial services provider reported $4.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.60 by $0.48. The company had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.30 billion. M&T Bank had a return on equity of 9.52% and a net margin of 17.82%.

Hedge Funds Weigh In On M&T Bank

Hedge funds have recently modified their holdings of the company. Plato Investment Management Ltd grew its position in shares of M&T Bank by 2,300.0% during the third quarter. Plato Investment Management Ltd now owns 168 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 161 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in M&T Bank during the third quarter valued at $32,000. Hexagon Capital Partners LLC increased its holdings in M&T Bank by 54.4% in the 3rd quarter. Hexagon Capital Partners LLC now owns 193 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 68 shares during the last quarter. Oakworth Capital Inc. purchased a new stake in M&T Bank in the 2nd quarter worth $35,000. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of M&T Bank by 329.2% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 206 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 158 shares during the last quarter. 84.68% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other M&T Bank news, EVP John R. Taylor sold 1,436 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $195.03, for a total value of $280,063.08. Following the transaction, the executive vice president now directly owns 5,618 shares in the company, valued at approximately $1,095,678.54. This trade represents a 20.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Denis J. Salamone sold 10,000 shares of M&T Bank stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $172.03, for a total value of $1,720,300.00. Following the transaction, the director now owns 44,902 shares in the company, valued at $7,724,491.06. This trade represents a 18.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 90,383 shares of company stock valued at $17,925,801 over the last 90 days. Company insiders own 0.82% of the company’s stock.

M&T Bank Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 2nd will be paid a $1.35 dividend. The ex-dividend date is Monday, December 2nd. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.45%. M&T Bank’s dividend payout ratio (DPR) is currently 39.97%.

M&T Bank Company Profile

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.