Wedbush Analysts Lower Earnings Estimates for M&T Bank

M&T Bank Co. (NYSE:MTB) – Equities researchers at Wedbush lowered their Q4 2024 earnings per share (EPS) estimates for shares of M&T Bank in a research report issued on Thursday, October 17th. Wedbush analyst D. Chiaverini now anticipates that the financial services provider will earn $3.57 per share for the quarter, down from their prior forecast of $3.69. Wedbush currently has a “Outperform” rating and a $210.00 price target on the stock. The consensus estimate for M&T Bank’s current full-year earnings is $14.16 per share. Wedbush also issued estimates for M&T Bank’s Q1 2026 earnings at $4.08 EPS, Q2 2026 earnings at $4.52 EPS, Q3 2026 earnings at $4.74 EPS and FY2026 earnings at $18.20 EPS.

M&T Bank (NYSE:MTB) last released its quarterly earnings results on Thursday, July 18th. The financial services provider reported $3.73 EPS for the quarter, beating the consensus estimate of $3.50 by $0.23. M&T Bank had a net margin of 17.84% and a return on equity of 9.62%. The business had revenue of $3.37 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same period in the prior year, the firm posted $5.12 earnings per share.

Several other research firms have also issued reports on MTB. The Goldman Sachs Group lifted their price target on shares of M&T Bank from $190.00 to $216.00 and gave the stock a “neutral” rating in a report on Friday. Morgan Stanley boosted their target price on M&T Bank from $195.00 to $220.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. DA Davidson increased their price target on M&T Bank from $159.00 to $185.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Bank of America boosted their price target on M&T Bank from $188.00 to $218.00 and gave the stock a “buy” rating in a research note on Friday. Finally, StockNews.com raised shares of M&T Bank from a “sell” rating to a “hold” rating in a research report on Friday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, M&T Bank has a consensus rating of “Hold” and an average price target of $196.18.

M&T Bank Stock Down 0.7 %

Shares of M&T Bank stock opened at $197.55 on Monday. M&T Bank has a 52-week low of $108.53 and a 52-week high of $200.94. The firm’s 50 day moving average price is $172.93 and its 200-day moving average price is $158.92. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.44. The company has a market cap of $32.96 billion, a P/E ratio of 13.36, a PEG ratio of 3.27 and a beta of 0.75.

M&T Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 3rd were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $5.40 dividend on an annualized basis and a yield of 2.73%. M&T Bank’s dividend payout ratio is presently 36.51%.

Insider Buying and Selling at M&T Bank

In related news, Director Robert E. Sadler, Jr. sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $172.23, for a total transaction of $172,230.00. Following the sale, the director now directly owns 31,796 shares of the company’s stock, valued at $5,476,225.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other M&T Bank news, 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 value of $60,786.60. Following the completion of the transaction, the director now owns 20,414 shares in the company, valued at approximately $502,184.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert E. Sadler, Jr. sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $172.23, for a total value of $172,230.00. Following the sale, the director now owns 31,796 shares in the company, valued at $5,476,225.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,699 shares of company stock valued at $5,115,349. 0.82% of the stock is owned by insiders.

Hedge Funds Weigh In On M&T Bank

Large investors have recently bought and sold shares of the business. Hexagon Capital Partners LLC increased 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 buying an additional 68 shares in the last quarter. Meeder Advisory Services Inc. increased its holdings in M&T Bank by 3.9% in the 1st quarter. Meeder Advisory Services Inc. now owns 1,879 shares of the financial services provider’s stock worth $273,000 after acquiring an additional 70 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its position in M&T Bank by 1.5% during the second quarter. Massmutual Trust Co. FSB ADV now owns 4,711 shares of the financial services provider’s stock worth $713,000 after acquiring an additional 70 shares during the period. Umpqua Bank lifted its holdings in M&T Bank by 5.3% during the second quarter. Umpqua Bank now owns 1,460 shares of the financial services provider’s stock valued at $221,000 after purchasing an additional 73 shares in the last quarter. Finally, Procyon Advisors LLC grew its position in shares of M&T Bank by 1.7% in the third quarter. Procyon Advisors LLC now owns 4,544 shares of the financial services provider’s stock valued at $809,000 after purchasing an additional 74 shares during the period. Institutional investors and hedge funds 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.