DA Davidson Cuts M&T Bank (NYSE:MTB) Price Target to $189.00

M&T Bank (NYSE:MTB) had its price target reduced by DA Davidson from $205.00 to $189.00 in a research note published on Tuesday,Benzinga reports. They currently have a neutral rating on the financial services provider’s stock. DA Davidson also issued estimates for M&T Bank’s Q2 2025 earnings at $3.94 EPS, FY2025 earnings at $15.89 EPS and FY2026 earnings at $18.26 EPS.

A number of other brokerages have also commented on MTB. Wells Fargo & Company dropped their price target on M&T Bank from $205.00 to $185.00 and set an “underweight” rating on the stock in a report on Friday, March 28th. StockNews.com raised shares of M&T Bank from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Robert W. Baird decreased their price objective on shares of M&T Bank from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Tuesday. Morgan Stanley dropped their target price on shares of M&T Bank from $269.00 to $253.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Finally, Evercore ISI decreased their price target on shares of M&T Bank from $234.00 to $205.00 and set an “outperform” rating for the company in a research note on Thursday, March 13th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, M&T Bank currently has an average rating of “Hold” and an average price target of $208.14.

M&T Bank Stock Up 0.8 %

M&T Bank stock opened at $160.09 on Tuesday. The firm has a market cap of $26.30 billion, a price-to-earnings ratio of 10.94, a PEG ratio of 1.38 and a beta of 0.58. M&T Bank has a 52-week low of $138.38 and a 52-week high of $225.70. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.99 and a current ratio of 0.98. The firm has a 50 day moving average price of $178.03 and a two-hundred day moving average price of $191.19.

M&T Bank (NYSE:MTB) last posted its quarterly earnings data on Monday, April 14th. The financial services provider reported $3.38 EPS for the quarter, missing the consensus estimate of $3.41 by ($0.03). M&T Bank had a net margin of 19.24% and a return on equity of 10.12%. The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter last year, the business posted $3.09 EPS. Equities analysts predict that M&T Bank will post 16.57 EPS for the current year.

M&T Bank Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 3rd were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend was Monday, March 3rd. M&T Bank’s payout ratio is 36.17%.

M&T Bank declared that its Board of Directors has approved a stock repurchase plan on Wednesday, January 22nd that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the financial services provider to reacquire up to 12.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other news, EVP Christopher E. Kay sold 1,738 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $172.34, for a total transaction of $299,526.92. Following the completion of the transaction, the executive vice president now directly owns 10,751 shares in the company, valued at $1,852,827.34. The trade was a 13.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.53% of the stock is currently owned by insiders.

Institutional Investors Weigh In On M&T Bank

Large investors have recently added to or reduced their stakes in the business. Wood Tarver Financial Group LLC purchased a new stake in shares of M&T Bank in the 4th quarter valued at about $29,000. Banque Transatlantique SA bought a new position in shares of M&T Bank in the fourth quarter worth approximately $38,000. Y.D. More Investments Ltd increased its position in shares of M&T Bank by 122.6% in the fourth quarter. Y.D. More Investments Ltd now owns 207 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 114 shares during the last quarter. Grove Bank & Trust raised its stake in M&T Bank by 104.6% in the first quarter. Grove Bank & Trust now owns 223 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 114 shares in the last quarter. Finally, Human Investing LLC bought a new stake in M&T Bank during the fourth quarter valued at approximately $44,000. Institutional investors own 84.68% of the company’s stock.

About M&T Bank

M&T Bank Corp. operates as a bank holding company, which engages in the provision of retail and commercial banking, trust, wealth management, and investment services. It operates through the following segments: Commercial Bank, Retail Bank, Institutional Services and Wealth Management, and All Other.