What is Zacks Research’s Forecast for M&T Bank Q1 Earnings?

M&T Bank Co. (NYSE:MTB) – Stock analysts at Zacks Research raised their Q1 2025 earnings estimates for shares of M&T Bank in a research report issued to clients and investors on Wednesday, January 8th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings of $3.47 per share for the quarter, up from their prior estimate of $3.46. The consensus estimate for M&T Bank’s current full-year earnings is $14.63 per share.

Several other equities analysts have also recently weighed in on MTB. Piper Sandler raised their target price on shares of M&T Bank from $205.00 to $243.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. DA Davidson raised their price objective on M&T Bank from $192.00 to $207.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Compass Point raised their price target on M&T Bank from $220.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Wolfe Research upgraded shares of M&T Bank from a “peer perform” rating to an “outperform” rating and set a $210.00 price target on the stock in a report on Friday, October 4th. Finally, Truist Financial started coverage on M&T Bank in a research report on Tuesday, January 7th. They set a “buy” rating and a $233.00 target price for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, M&T Bank currently has a consensus rating of “Hold” and an average price target of $216.86.

M&T Bank Price Performance

NYSE:MTB opened at $194.82 on Monday. The business’s 50-day simple moving average is $203.21 and its two-hundred day simple moving average is $182.94. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.44. M&T Bank has a 52 week low of $128.31 and a 52 week high of $225.70. The stock has a market cap of $32.32 billion, a PE ratio of 14.42, a P/E/G ratio of 2.79 and a beta of 0.79.

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 (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.

M&T Bank Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 2nd were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.40 annualized dividend and a dividend yield of 2.77%. M&T Bank’s dividend payout ratio (DPR) is presently 39.97%.

Insider Activity at M&T Bank

In related news, Vice Chairman Kevin J. Pearson sold 7,500 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $195.88, for a total value of $1,469,100.00. Following the sale, the insider now directly owns 40,502 shares in the company, valued at approximately $7,933,531.76. The trade was a 15.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John P. Barnes sold 20,000 shares of M&T Bank stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $193.97, for a total transaction of $3,879,400.00. Following the completion of the sale, the director now owns 49,960 shares of the company’s stock, valued at $9,690,741.20. This trade represents a 28.59 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 84,994 shares of company stock valued at $17,211,278. 0.82% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On M&T Bank

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Burney Co. boosted its position in shares of M&T Bank by 70.4% during the 4th quarter. Burney Co. now owns 3,824 shares of the financial services provider’s stock worth $719,000 after acquiring an additional 1,580 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in shares of M&T Bank by 14.1% in the 4th quarter. Park Avenue Securities LLC now owns 6,547 shares of the financial services provider’s stock valued at $1,231,000 after buying an additional 807 shares in the last quarter. Kathmere Capital Management LLC grew its position in shares of M&T Bank by 8.0% in the 4th quarter. Kathmere Capital Management LLC now owns 1,878 shares of the financial services provider’s stock valued at $353,000 after buying an additional 139 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in M&T Bank by 314.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 147,177 shares of the financial services provider’s stock valued at $27,671,000 after acquiring an additional 111,628 shares in the last quarter. Finally, Oak Thistle LLC acquired a new stake in shares of M&T Bank in the 4th quarter valued at about $739,000. Hedge funds and other institutional investors own 84.68% of the company’s stock.

M&T Bank Company Profile

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.