FY2026 Earnings Forecast for M&T Bank Issued By DA Davidson

M&T Bank Co. (NYSE:MTB) – DA Davidson lifted their FY2026 earnings estimates for M&T Bank in a report issued on Wednesday, April 2nd. DA Davidson analyst P. Winter now forecasts that the financial services provider will earn $18.54 per share for the year, up from their previous estimate of $18.52. DA Davidson currently has a “Neutral” rating and a $223.00 target price on the stock. The consensus estimate for M&T Bank’s current full-year earnings is $16.57 per share.

M&T Bank (NYSE:MTB) last released its earnings results on Thursday, January 16th. The financial services provider reported $3.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.70 by $0.22. M&T Bank had a net margin of 19.24% and a return on equity of 10.12%. During the same quarter last year, the firm posted $2.74 EPS.

Several other brokerages also recently weighed in on MTB. Wells Fargo & Company cut their price target on M&T Bank from $205.00 to $185.00 and set an “underweight” rating on the stock in a report on Friday, March 28th. 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, January 6th. Morgan Stanley decreased their price target on shares of M&T Bank from $269.00 to $253.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Compass Point increased their price objective on shares of M&T Bank from $220.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Finally, StockNews.com upgraded shares of M&T Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. One equities research 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. Based on data from MarketBeat, M&T Bank has a consensus rating of “Hold” and a consensus price target of $218.79.

M&T Bank Stock Up 2.0 %

Shares of NYSE MTB opened at $179.93 on Thursday. The stock has a market cap of $29.56 billion, a P/E ratio of 12.30, a PEG ratio of 1.38 and a beta of 0.58. The business’s fifty day simple moving average is $188.33 and its 200-day simple moving average is $192.86. M&T Bank has a 12-month low of $133.03 and a 12-month high of $225.70. The company has a current ratio of 0.98, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47.

Hedge Funds Weigh In On M&T Bank

A number of large investors have recently modified their holdings of MTB. FMR LLC boosted its position in shares of M&T Bank by 14.3% in the 4th quarter. FMR LLC now owns 14,110,412 shares of the financial services provider’s stock worth $2,652,899,000 after buying an additional 1,761,014 shares in the last quarter. Norges Bank purchased a new stake in M&T Bank in the 4th quarter valued at about $317,690,000. State Street Corp increased its position in M&T Bank by 6.4% during the third quarter. State Street Corp now owns 8,773,439 shares of the financial services provider’s stock worth $1,562,725,000 after purchasing an additional 527,854 shares during the last quarter. Nuveen Asset Management LLC raised its position in shares of M&T Bank by 22.3% in the 4th quarter. Nuveen Asset Management LLC now owns 1,567,270 shares of the financial services provider’s stock worth $294,662,000 after buying an additional 286,049 shares during the period. Finally, D. E. Shaw & Co. Inc. acquired a new position in shares of M&T Bank in the 4th quarter valued at about $48,939,000. 84.68% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at M&T Bank

In other news, EVP Christopher E. Kay sold 1,738 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $172.34, for a total transaction of $299,526.92. Following the completion of the sale, the executive vice president now owns 10,751 shares in the company, valued at $1,852,827.34. This represents a 13.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.53% of the company’s stock.

M&T Bank Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 3rd were issued a $1.35 dividend. The ex-dividend date was Monday, March 3rd. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.00%. M&T Bank’s payout ratio is 36.91%.

M&T Bank declared that its board has authorized a share buyback program on Wednesday, January 22nd that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the financial services provider to reacquire up to 12.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

M&T Bank Company Profile

M&T Bank Corp. operates as a bank holding company, which engages in the provision of retail and commercial banking, trust, wealth management, and investment services. It operates through the following segments: Commercial Bank, Retail Bank, Institutional Services and Wealth Management, and All Other.