Robert W. Baird Increases M&T Bank (NYSE:MTB) Price Target to $250.00

M&T Bank (NYSE:MTB) had its price objective increased by investment analysts at Robert W. Baird from $240.00 to $250.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Robert W. Baird’s price objective points to a potential upside of 0.65% from the company’s previous close.

MTB has been the topic of several other reports. Morgan Stanley boosted their price objective on shares of M&T Bank from $245.00 to $253.00 and gave the stock an “equal weight” rating in a research note on Monday, June 29th. Keefe, Bruyette & Woods lifted their price objective on shares of M&T Bank from $242.00 to $250.00 and gave the stock a “market perform” rating in a research report on Thursday. JPMorgan Chase & Co. increased their price objective on shares of M&T Bank from $227.00 to $251.50 and gave the company a “neutral” rating in a research report on Monday, July 6th. The Goldman Sachs Group increased their price target on shares of M&T Bank from $231.00 to $235.00 and gave the company a “neutral” rating in a report on Monday, April 6th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $300.00 price target on shares of M&T Bank in a research note on Wednesday. Seven equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $246.08.

M&T Bank Stock Up 2.7%

MTB stock opened at $248.39 on Thursday. The company has a market cap of $36.38 billion, a price-to-earnings ratio of 13.91, a P/E/G ratio of 1.20 and a beta of 0.57. M&T Bank has a twelve month low of $174.76 and a twelve month high of $248.74. The business has a 50 day moving average price of $224.43 and a two-hundred day moving average price of $218.41. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.44.

M&T Bank (NYSE:MTB) last released its quarterly earnings data on Wednesday, July 15th. The financial services provider reported $5.32 EPS for the quarter, beating the consensus estimate of $4.66 by $0.66. M&T Bank had a return on equity of 11.35% and a net margin of 22.07%.The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the prior year, the firm posted $4.28 EPS. Analysts anticipate that M&T Bank will post 18.81 EPS for the current fiscal year.

M&T Bank announced that its Board of Directors has authorized a share buyback plan on Tuesday, March 31st that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to buy up to 16.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Activity

In other news, EVP Christopher E. Kay sold 3,105 shares of M&T Bank stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $216.50, for a total value of $672,232.50. Following the transaction, the executive vice president owned 6,753 shares in the company, valued at approximately $1,462,024.50. This trade represents a 31.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.44% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MTB. Bogart Wealth LLC raised its stake in M&T Bank by 233.3% during the first quarter. Bogart Wealth LLC now owns 120 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 84 shares in the last quarter. Triumph Capital Management acquired a new stake in shares of M&T Bank in the 3rd quarter valued at approximately $32,000. Elyxium Wealth LLC acquired a new stake in shares of M&T Bank in the 4th quarter valued at approximately $33,000. Bank of Jackson Hole Trust grew its holdings in shares of M&T Bank by 38.7% during the 4th quarter. Bank of Jackson Hole Trust now owns 215 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 60 shares during the last quarter. Finally, Hoese & Co LLP bought a new stake in shares of M&T Bank during the 4th quarter valued at approximately $50,000. Institutional investors own 84.68% of the company’s stock.

Key M&T Bank News

Here are the key news stories impacting M&T Bank this week:

• Positive Sentiment: M&T Bank beat Q2 estimates, reporting EPS of $5.32 to $5.35 versus $4.66 expected, with revenue of $2.53 billion above forecasts. The strong quarter was driven by higher interest income, fee income, and trust income. Reuters article
• Positive Sentiment: Management and analysts highlighted record earnings, robust net interest margin of about 3.7%, and solid loan growth, especially in commercial and real estate lending, which supports the bank’s outlook. Seeking Alpha article
• Positive Sentiment: Credit quality improved, with credit losses falling and noninterest income climbing, helping offset rising expenses and reinforcing the view that M&T’s balance sheet remains resilient. Seeking Alpha news
• Neutral Sentiment: The company also announced quarterly preferred stock dividends, including payouts on Series H, Series J, and Series K preferred shares. This is a routine capital action and is unlikely to be a major driver of the common stock today. PR Newswire article

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.