What is DA Davidson’s Forecast for M&T Bank Q4 Earnings?

M&T Bank Co. (NYSE:MTB) – Stock analysts at DA Davidson issued their Q4 2024 earnings estimates for shares of M&T Bank in a report released 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 currently has a “Neutral” rating and a $207.00 target price on the stock. The consensus estimate for M&T Bank’s current full-year earnings is $14.16 per share.

A number of other analysts have also recently issued reports on the company. The Goldman Sachs Group raised their price objective on M&T Bank from $190.00 to $216.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Morgan Stanley raised their price target on M&T Bank from $195.00 to $220.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Wolfe Research upgraded shares of M&T Bank from a “peer perform” rating to an “outperform” rating and set a $210.00 price objective on the stock in a report on Friday, October 4th. Evercore ISI upgraded shares of M&T Bank from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $187.00 to $210.00 in a research note on Wednesday, October 2nd. Finally, Bank of America upped their price target on shares of M&T Bank from $188.00 to $218.00 and gave the company a “buy” rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, M&T Bank presently has a consensus rating of “Hold” and an average target price of $197.47.

M&T Bank Trading Down 0.1 %

M&T Bank stock opened at $193.85 on Wednesday. The stock has a 50-day simple moving average of $174.96 and a 200 day simple moving average of $159.94. The stock has a market capitalization of $32.34 billion, a P/E ratio of 13.11, a PEG ratio of 3.27 and a beta of 0.75. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.00 and a current ratio of 1.00. M&T Bank has a 52 week low of $108.53 and a 52 week high of $200.94.

M&T Bank Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend was Tuesday, September 3rd. M&T Bank’s dividend payout ratio (DPR) is currently 36.51%.

Insider Buying and Selling

In related news, Director Kirk W. Walters sold 7,464 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $173.97, for a total transaction of $1,298,512.08. Following the completion of the sale, the director now owns 15,045 shares of the company’s stock, valued at $2,617,378.65. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Kirk W. Walters sold 7,464 shares of M&T Bank stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $173.97, for a total value of $1,298,512.08. Following the transaction, the director now directly owns 15,045 shares of the company’s stock, valued at $2,617,378.65. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Denis J. Salamone sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $172.03, for a total value of $1,720,300.00. Following the sale, the director now owns 44,902 shares of the company’s stock, valued at $7,724,491.06. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,199 shares of company stock worth $4,856,869. Company insiders own 0.82% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MTB. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of M&T Bank by 13.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 111,772 shares of the financial services provider’s stock valued at $19,607,000 after purchasing an additional 13,385 shares in the last quarter. Allworth Financial LP boosted its position in M&T Bank by 7.3% in the third quarter. Allworth Financial LP now owns 1,260 shares of the financial services provider’s stock valued at $224,000 after buying an additional 86 shares in the last quarter. Hudock Inc. grew its stake in shares of M&T Bank by 3.5% during the third quarter. Hudock Inc. now owns 10,402 shares of the financial services provider’s stock worth $1,853,000 after buying an additional 347 shares during the last quarter. Ballentine Partners LLC lifted its stake in shares of M&T Bank by 6.4% in the 3rd quarter. Ballentine Partners LLC now owns 1,732 shares of the financial services provider’s stock valued at $309,000 after acquiring an additional 104 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of M&T Bank by 8.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 35,549 shares of the financial services provider’s stock valued at $6,332,000 after acquiring an additional 2,736 shares during the last quarter. Institutional investors own 84.68% of the company’s stock.

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.