Q4 Earnings Forecast for M&T Bank Issued By Zacks Research

M&T Bank Co. (NYSE:MTB) – Equities researchers at Zacks Research raised their Q4 2024 EPS estimates for shares of M&T Bank in a research report issued on Tuesday, November 26th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings per share of $3.60 for the quarter, up from their prior forecast of $3.57. The consensus estimate for M&T Bank’s current full-year earnings is $14.56 per share. Zacks Research also issued estimates for M&T Bank’s Q1 2025 earnings at $3.46 EPS and Q3 2026 earnings at $4.60 EPS.

Other analysts have also issued research reports about the company. Wells Fargo & Company increased their price target on M&T Bank from $190.00 to $205.00 and gave the company an “underweight” rating in a report on Friday, November 15th. Wedbush raised their target price on shares of M&T Bank from $208.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, September 24th. StockNews.com raised shares of M&T Bank from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. Bank of America increased their price objective on shares of M&T Bank from $188.00 to $218.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, Barclays upped their target price on M&T Bank from $170.00 to $228.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $206.41.

M&T Bank Price Performance

NYSE:MTB opened at $220.80 on Thursday. The firm has a market capitalization of $36.64 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 3.13 and a beta of 0.74. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.99 and a quick ratio of 0.99. The business has a 50 day simple moving average of $195.64 and a 200-day simple moving average of $171.40. M&T Bank has a 1 year low of $123.46 and a 1 year high of $225.70.

M&T Bank (NYSE:MTB) last announced its quarterly earnings results on Thursday, October 17th. The financial services provider reported $4.08 EPS for the quarter, beating analysts’ consensus estimates of $3.60 by $0.48. M&T Bank had a net margin of 17.82% and a return on equity of 9.52%. The firm had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.30 billion.

Hedge Funds Weigh In On M&T Bank

Several institutional investors and hedge funds have recently bought and sold shares of the company. Plato Investment Management Ltd boosted its position 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 worth $30,000 after purchasing an additional 161 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in M&T Bank in the third quarter worth about $32,000. Hexagon Capital Partners LLC grew its stake in shares of M&T Bank by 54.4% during the third quarter. Hexagon Capital Partners LLC now owns 193 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 68 shares during the last quarter. Oakworth Capital Inc. acquired a new position in shares of M&T Bank during the second quarter valued at about $35,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in shares of M&T Bank by 329.2% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 206 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 158 shares during the last quarter. 84.68% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Denis J. Salamone sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $172.03, for a total value of $1,720,300.00. Following the sale, the director now directly owns 44,902 shares in the company, valued at approximately $7,724,491.06. This trade represents a 18.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert E. Sadler, Jr. sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $198.00, for a total transaction of $396,000.00. Following the transaction, the director now owns 29,796 shares of the company’s stock, valued at approximately $5,899,608. This trade represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,383 shares of company stock worth $17,925,801. 0.82% of the stock is currently owned by corporate insiders.

M&T Bank Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 2nd will be given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Monday, December 2nd. M&T Bank’s dividend payout ratio (DPR) is 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.