FY2024 EPS Estimates for M&T Bank Boosted by Zacks Research

M&T Bank Co. (NYSE:MTB) – Zacks Research increased their FY2024 EPS estimates for M&T Bank in a research note issued to investors on Tuesday, November 26th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings of $14.56 per share for the year, up from their previous forecast of $14.53. 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 Q2 2025 earnings at $3.91 EPS, Q3 2025 earnings at $4.31 EPS, Q4 2025 earnings at $4.64 EPS, FY2025 earnings at $16.32 EPS, Q1 2026 earnings at $4.52 EPS, Q2 2026 earnings at $4.74 EPS and FY2026 earnings at $18.55 EPS.

M&T Bank (NYSE:MTB) last issued its quarterly earnings data on Thursday, October 17th. The financial services provider reported $4.08 earnings per share for the quarter, beating the consensus estimate of $3.60 by $0.48. The firm had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.30 billion. M&T Bank had a net margin of 17.82% and a return on equity of 9.52%.

MTB has been the subject of several other research reports. Wolfe Research raised M&T Bank from a “peer perform” rating to an “outperform” rating and set a $210.00 target price for the company in a research note on Friday, October 4th. Morgan Stanley increased their target price on shares of M&T Bank from $195.00 to $220.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. The Goldman Sachs Group raised their price objective on M&T Bank from $216.00 to $243.00 and gave the stock a “neutral” rating in a research note on Tuesday. Wedbush boosted their target price on M&T Bank from $208.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 24th. Finally, Citigroup downgraded M&T Bank from a “buy” rating to a “neutral” rating and upped their target price for the company from $220.00 to $230.00 in a report on Monday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $206.41.

M&T Bank Stock Up 0.0 %

MTB stock opened at $220.80 on Wednesday. The firm’s 50-day moving average is $194.82 and its two-hundred day moving average is $171.05. The company has a market capitalization of $36.64 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 3.13 and a beta of 0.74. M&T Bank has a 52 week low of $123.46 and a 52 week high of $225.70. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.44.

M&T Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 2nd will be issued a dividend of $1.35 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $5.40 annualized dividend and a dividend yield of 2.45%. M&T Bank’s dividend payout ratio is 39.97%.

Insider Buying and Selling at M&T Bank

In other M&T Bank news, Director John P. Barnes sold 20,000 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $217.45, for a total transaction of $4,349,000.00. Following the transaction, the director now directly owns 35,480 shares of the company’s stock, valued at $7,715,126. This represents a 36.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Denis J. Salamone sold 10,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now directly owns 44,902 shares of the company’s stock, valued at $7,724,491.06. This represents a 18.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,383 shares of company stock worth $17,925,801 over the last 90 days. 0.82% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On M&T Bank

Large investors have recently added to or reduced their stakes in the stock. Plato Investment Management Ltd grew its stake in M&T Bank by 2,300.0% in the 3rd quarter. Plato Investment Management Ltd now owns 168 shares of the financial services provider’s stock valued at $30,000 after buying an additional 161 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in M&T Bank during the third quarter valued at about $32,000. Hexagon Capital Partners LLC grew its position in shares of M&T Bank by 54.4% in the third quarter. Hexagon Capital Partners LLC now owns 193 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 68 shares during the last quarter. Oakworth Capital Inc. acquired a new position in M&T Bank during the 2nd quarter valued at $35,000. Finally, Migdal Insurance & Financial Holdings Ltd. grew its position in M&T Bank by 329.2% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 206 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 158 shares during the last quarter. Institutional investors 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.