M&T Bank (NYSE:MTB) Given New $189.00 Price Target at DA Davidson

M&T Bank (NYSE:MTB) had its target price lowered by stock analysts at DA Davidson from $205.00 to $189.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. DA Davidson’s target price suggests a potential upside of 18.99% from the stock’s previous close. DA Davidson also issued estimates for M&T Bank’s Q2 2025 earnings at $3.94 EPS and FY2025 earnings at $15.89 EPS.

MTB has been the topic of several other research reports. 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. Morgan Stanley reduced their target price on M&T Bank from $269.00 to $253.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Evercore ISI dropped their price target on M&T Bank from $234.00 to $205.00 and set an “outperform” rating on the stock in a research note on Thursday, March 13th. StockNews.com raised shares of M&T Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, Truist Financial cut their price target on shares of M&T Bank from $236.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $208.14.

M&T Bank Price Performance

NYSE:MTB opened at $158.84 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 0.98 and a debt-to-equity ratio of 0.47. The business’s 50-day moving average price is $178.78 and its 200 day moving average price is $191.32. M&T Bank has a 52-week low of $137.76 and a 52-week high of $225.70. The firm has a market cap of $26.10 billion, a P/E ratio of 10.86, a PEG ratio of 1.38 and a beta of 0.58.

M&T Bank (NYSE:MTB) last announced its quarterly earnings data on Monday, April 14th. The financial services provider reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.41 by ($0.03). M&T Bank had a return on equity of 10.12% and a net margin of 19.24%. The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same period in the prior year, the firm earned $3.09 EPS. As a group, sell-side analysts predict that M&T Bank will post 16.57 earnings per share for the current fiscal year.

M&T Bank announced that its Board of Directors has initiated a stock buyback 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 repurchase up to 12.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity at M&T Bank

In other M&T Bank news, EVP Christopher E. Kay sold 1,738 shares of M&T Bank stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $172.34, for a total value of $299,526.92. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.53% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On M&T Bank

Several institutional investors and hedge funds have recently modified their holdings of the business. Wood Tarver Financial Group LLC acquired a new position in M&T Bank during the fourth quarter worth $29,000. Banque Transatlantique SA acquired a new position in shares of M&T Bank during the 4th quarter valued at about $38,000. Y.D. More Investments Ltd raised its stake in shares of M&T Bank by 122.6% in the 4th quarter. Y.D. More Investments Ltd now owns 207 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 114 shares in the last quarter. Human Investing LLC acquired a new stake in M&T Bank in the 4th quarter worth approximately $44,000. Finally, Sierra Ocean LLC bought a new stake in M&T Bank during the fourth quarter worth approximately $44,000. Institutional investors and hedge funds own 84.68% of the company’s stock.

M&T Bank Company Profile

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.