Zacks Research Has Positive Outlook for M&T Bank Q4 Earnings

M&T Bank Co. (NYSE:MTB) – Research analysts at Zacks Research lifted their Q4 2024 earnings estimates for M&T Bank in a note issued to investors on Wednesday, January 8th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings per share of $3.61 for the quarter, up from their previous estimate of $3.60. The consensus estimate for M&T Bank’s current full-year earnings is $14.63 per share. Zacks Research also issued estimates for M&T Bank’s Q2 2025 earnings at $3.93 EPS, FY2025 earnings at $16.35 EPS, Q1 2026 earnings at $4.54 EPS, Q2 2026 earnings at $4.77 EPS, Q3 2026 earnings at $4.63 EPS, Q4 2026 earnings at $4.72 EPS and FY2026 earnings at $18.65 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 analysts’ consensus estimates of $3.60 by $0.48. The firm had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.30 billion. M&T Bank had a return on equity of 9.52% and a net margin of 17.82%.

A number of other research analysts have also weighed in on the stock. Barclays raised their target price on shares of M&T Bank from $228.00 to $235.00 and gave the company an “equal weight” rating in a report on Monday. Compass Point boosted their target price on shares of M&T Bank from $220.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Keefe, Bruyette & Woods increased their price target on shares of M&T Bank from $205.00 to $221.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Truist Financial assumed coverage on M&T Bank in a research report on Tuesday. They issued a “buy” rating and a $233.00 price target for the company. Finally, Wells Fargo & Company upped their price objective on M&T Bank from $190.00 to $205.00 and gave the company an “underweight” rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $216.86.

M&T Bank Stock Performance

NYSE MTB opened at $191.06 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.99 and a quick ratio of 0.99. M&T Bank has a 1-year low of $128.31 and a 1-year high of $225.70. The business has a 50 day simple moving average of $203.25 and a two-hundred day simple moving average of $181.58. The stock has a market capitalization of $31.70 billion, a PE ratio of 14.14, a P/E/G ratio of 2.79 and a beta of 0.79.

Hedge Funds Weigh In On M&T Bank

A number of large investors have recently bought and sold shares of the business. Plato Investment Management Ltd increased its holdings in shares of 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 acquiring an additional 161 shares during the period. 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 stake in 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. Migdal Insurance & Financial Holdings Ltd. raised its holdings in M&T Bank by 329.2% in the third 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 in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of M&T Bank during the third quarter valued at about $44,000. Institutional investors own 84.68% of the company’s stock.

Insider Activity

In related news, EVP Tracy S. Woodrow sold 2,121 shares of M&T Bank stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $220.75, for a total value of $468,210.75. Following the completion of the sale, the executive vice president now directly owns 5,141 shares in the company, valued at $1,134,875.75. The trade was a 29.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP John R. Taylor sold 1,436 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $195.03, for a total transaction of $280,063.08. Following the transaction, the executive vice president now owns 5,618 shares in the company, valued at approximately $1,095,678.54. The trade was a 20.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 84,994 shares of company stock valued at $17,211,278. Corporate insiders own 0.82% of the company’s stock.

M&T Bank Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 2nd were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend was Monday, December 2nd. M&T Bank’s dividend payout ratio is presently 39.97%.

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.