DA Davidson Has Negative Outlook of M&T Bank FY2025 Earnings

M&T Bank Co. (NYSE:MTB) – Analysts at DA Davidson cut their FY2025 EPS estimates for M&T Bank in a research report issued on Wednesday, April 2nd. DA Davidson analyst P. Winter now forecasts that the financial services provider will earn $16.32 per share for the year, down from their previous forecast of $16.40. DA Davidson has a “Neutral” rating and a $223.00 price objective on the stock. The consensus estimate for M&T Bank’s current full-year earnings is $16.57 per share. DA Davidson also issued estimates for M&T Bank’s FY2025 earnings at $16.32 EPS.

MTB has been the subject of several other research reports. Truist Financial cut their target price on M&T Bank from $236.00 to $225.00 and set a “buy” rating for the company in a research note on Friday. Compass Point boosted 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 note on Tuesday, December 10th. Barclays increased their target price on shares of M&T Bank from $228.00 to $235.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Wells Fargo & Company reduced their price target on shares of M&T Bank from $205.00 to $185.00 and set an “underweight” rating for the company in a research report on Friday, March 28th. Finally, StockNews.com raised M&T Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $215.97.

M&T Bank Price Performance

M&T Bank stock opened at $157.13 on Friday. The firm has a market capitalization of $25.82 billion, a P/E ratio of 10.74, a PEG ratio of 1.38 and a beta of 0.58. M&T Bank has a one year low of $133.03 and a one year high of $225.70. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.98 and a quick ratio of 0.99. The business has a fifty day moving average price of $186.82 and a 200-day moving average price of $192.67.

M&T Bank (NYSE:MTB) last announced its quarterly earnings results on Thursday, January 16th. The financial services provider reported $3.92 EPS for the quarter, beating 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 in the previous year, the company posted $2.74 EPS.

M&T Bank announced that its Board of Directors has authorized a share repurchase plan on Wednesday, January 22nd that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 12.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its stock is undervalued.

M&T Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 3rd were paid a dividend of $1.35 per share. The ex-dividend date was Monday, March 3rd. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.44%. M&T Bank’s dividend payout ratio (DPR) is currently 36.91%.

Insider Transactions at M&T Bank

In related news, EVP Christopher E. Kay sold 1,738 shares of the firm’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 transaction, the executive vice president now directly owns 10,751 shares in the company, valued at $1,852,827.34. This trade represents a 13.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.53% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in MTB. Townsquare Capital LLC purchased a new position in shares of M&T Bank in the third quarter valued at about $230,000. Captrust Financial Advisors increased its holdings in M&T Bank by 3.6% during the 3rd quarter. Captrust Financial Advisors now owns 7,761 shares of the financial services provider’s stock valued at $1,382,000 after purchasing an additional 270 shares during the period. Benjamin Edwards Inc. bought a new position in M&T Bank during the 3rd quarter valued at approximately $1,074,000. HighTower Advisors LLC raised its position in M&T Bank by 2.1% during the 3rd quarter. HighTower Advisors LLC now owns 52,507 shares of the financial services provider’s stock valued at $9,353,000 after purchasing an additional 1,075 shares during the last quarter. Finally, Investment Management Corp of Ontario lifted its holdings in M&T Bank by 47.7% in the 3rd quarter. Investment Management Corp of Ontario now owns 5,576 shares of the financial services provider’s stock worth $993,000 after buying an additional 1,800 shares during the period. 84.68% of the stock is owned by hedge funds and other institutional investors.

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.