UBS Group Issues Positive Forecast for M&T Bank (NYSE:MTB) Stock Price

M&T Bank (NYSE:MTB) had its target price hoisted by UBS Group from $217.00 to $230.00 in a report issued on Wednesday,MarketScreener reports. UBS Group currently has a neutral rating on the financial services provider’s stock.

Other equities analysts have also issued reports about the company. Weiss Ratings reissued a “buy (b-)” rating on shares of M&T Bank in a report on Monday, December 29th. Royal Bank Of Canada increased their price target on M&T Bank from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, January 16th. TD Cowen reissued a “buy” rating on shares of M&T Bank in a report on Wednesday, January 7th. Truist Financial set a $230.00 price objective on shares of M&T Bank in a report on Tuesday, January 20th. Finally, Wall Street Zen upgraded shares of M&T Bank from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, M&T Bank currently has an average rating of “Hold” and an average target price of $225.45.

M&T Bank Price Performance

M&T Bank stock opened at $238.19 on Wednesday. The firm has a fifty day moving average of $209.68 and a 200-day moving average of $197.48. M&T Bank has a 52-week low of $150.75 and a 52-week high of $238.54. The company has a quick ratio of 0.97, a current ratio of 0.90 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $36.61 billion, a P/E ratio of 13.97, a PEG ratio of 1.03 and a beta of 0.60.

M&T Bank (NYSE:MTB) last announced its earnings results on Friday, January 16th. The financial services provider reported $4.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.47 by $0.25. M&T Bank had a return on equity of 10.94% and a net margin of 21.55%.The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same period in the prior year, the company posted $3.77 EPS. As a group, analysts predict that M&T Bank will post 16.57 EPS for the current year.

M&T Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 1st were given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Monday, December 1st. M&T Bank’s dividend payout ratio is presently 35.19%.

Insider Buying and Selling

In related news, Director John P. Barnes sold 17,866 shares of the business’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $220.81, for a total transaction of $3,944,991.46. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Kirk W. Walters sold 909 shares of M&T Bank stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $227.37, for a total value of $206,679.33. Following the sale, the director directly owned 5,976 shares of the company’s stock, valued at approximately $1,358,763.12. This trade represents a 13.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 30,912 shares of company stock valued at $6,489,862. 0.53% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of Jackson Hole Trust lifted its holdings in shares of M&T Bank by 342.9% during the 3rd quarter. Bank of Jackson Hole Trust now owns 155 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 120 shares in the last quarter. Triumph Capital Management acquired a new stake in M&T Bank during the 3rd quarter worth approximately $32,000. Golden State Wealth Management LLC increased its position in shares of M&T Bank by 2,214.3% during the second quarter. Golden State Wealth Management LLC now owns 162 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 155 shares in the last quarter. Elyxium Wealth LLC bought a new position in M&T Bank during the 4th quarter worth about $33,000. Finally, Ameriflex Group Inc. grew its stake in shares of M&T Bank by 82.4% during the 3rd quarter. Ameriflex Group Inc. now owns 186 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 84 shares in the last quarter. 84.68% of the stock is owned by institutional investors and hedge funds.

M&T Bank Company Profile

M&T Bank Corporation is a bank holding company headquartered in Buffalo, New York, that provides a broad range of banking and financial services to individuals, businesses and institutions. The company operates a commercial and retail banking franchise that includes deposit-taking, lending, and payment services delivered through branch networks, digital channels and commercial banking teams. M&T serves customers across the northeastern and mid‑Atlantic United States and has expanded its geographic footprint through strategic acquisitions.

Its core businesses include commercial banking for middle‑market and community businesses, consumer and retail banking, mortgage origination and servicing, treasury and cash management, and wealth management and trust services.