FY2025 Earnings Forecast for M&T Bank Issued By DA Davidson

M&T Bank Co. (NYSE:MTB) – Equities researchers at DA Davidson upped their FY2025 earnings per share (EPS) estimates for M&T Bank in a note issued to investors on Thursday, December 19th. DA Davidson analyst P. Winter now forecasts that the financial services provider will post earnings of $16.38 per share for the year, up from their previous estimate of $16.36. DA Davidson has a “Neutral” rating and a $207.00 price target on the stock. The consensus estimate for M&T Bank’s current full-year earnings is $14.63 per share.

MTB has been the topic of a number of other research reports. Royal Bank of Canada lifted their target price on shares of M&T Bank from $190.00 to $208.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Wells Fargo & Company upped their price objective on M&T Bank from $190.00 to $205.00 and gave the stock an “underweight” rating in a research note on Friday, November 15th. Citigroup downgraded M&T Bank from a “buy” rating to a “neutral” rating and lifted their target price for the company from $220.00 to $230.00 in a research note on Monday, November 25th. Evercore ISI upped their price target on M&T Bank from $210.00 to $232.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Wedbush increased their price objective on shares of M&T Bank from $208.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, M&T Bank has an average rating of “Hold” and a consensus price target of $215.50.

M&T Bank Stock Performance

MTB opened at $189.48 on Friday. The company has a 50 day simple moving average of $204.21 and a two-hundred day simple moving average of $177.20. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market cap of $31.44 billion, a P/E ratio of 14.03, a PEG ratio of 2.83 and a beta of 0.76. M&T Bank has a 1-year low of $128.31 and a 1-year high of $225.70.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MTB. FMR LLC boosted its holdings in M&T Bank by 13.9% during the 3rd quarter. FMR LLC now owns 12,349,398 shares of the financial services provider’s stock valued at $2,199,675,000 after acquiring an additional 1,508,846 shares during the period. State Street Corp boosted its stake in shares of M&T Bank by 6.4% during the third quarter. State Street Corp now owns 8,773,439 shares of the financial services provider’s stock valued at $1,562,725,000 after purchasing an additional 527,854 shares during the period. Marshall Wace LLP boosted its stake in shares of M&T Bank by 232.1% during the second quarter. Marshall Wace LLP now owns 676,745 shares of the financial services provider’s stock valued at $102,432,000 after purchasing an additional 472,997 shares during the period. Los Angeles Capital Management LLC grew its holdings in shares of M&T Bank by 77.0% in the second quarter. Los Angeles Capital Management LLC now owns 733,304 shares of the financial services provider’s stock worth $110,993,000 after purchasing an additional 319,051 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI purchased a new position in M&T Bank in the 3rd quarter worth about $44,422,000. Institutional investors own 84.68% of the company’s stock.

Insider Activity

In other news, CEO Rene F. Jones sold 23,071 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $193.88, for a total value of $4,473,005.48. Following the sale, the chief executive officer now owns 77,226 shares of the company’s stock, valued at approximately $14,972,576.88. This represents a 23.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman Gary N. Geisel sold 2,490 shares of M&T Bank stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $215.89, for a total transaction of $537,566.10. Following the transaction, the insider now directly owns 16,429 shares of the company’s stock, valued at approximately $3,546,856.81. This represents a 13.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 84,994 shares of company stock valued at $17,211,278 in the last ninety days. Insiders own 0.82% of the company’s stock.

M&T Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 2nd will be given a dividend of $1.35 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $5.40 dividend on an annualized basis and a yield of 2.85%. M&T Bank’s dividend payout ratio (DPR) is presently 39.97%.

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.