M&T Bank (NYSE:MTB) Price Target Raised to $250.00

M&T Bank (NYSE:MTB) had its price target increased by Keefe, Bruyette & Woods from $242.00 to $250.00 in a report released on Thursday,Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

Several other research firms have also weighed in on MTB. DA Davidson lifted their price objective on shares of M&T Bank from $233.00 to $235.00 and gave the company a “neutral” rating in a research note on Thursday, April 16th. Wall Street Zen cut shares of M&T Bank from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Evercore set a $260.00 price target on shares of M&T Bank in a research note on Monday, July 6th. Argus upped their price objective on shares of M&T Bank from $230.00 to $245.00 and gave the company a “buy” rating in a report on Friday, April 17th. Finally, The Goldman Sachs Group increased their price objective on shares of M&T Bank from $231.00 to $235.00 and gave the stock a “neutral” rating in a research report on Monday, April 6th. Seven investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $249.50.

M&T Bank Trading Down 1.9%

NYSE MTB opened at $249.28 on Thursday. The stock has a market capitalization of $36.51 billion, a P/E ratio of 13.16, a P/E/G ratio of 1.23 and a beta of 0.57. The business has a 50 day simple moving average of $225.98 and a 200 day simple moving average of $218.95. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.89 and a quick ratio of 0.94. M&T Bank has a one year low of $174.76 and a one year high of $255.00.

M&T Bank (NYSE:MTB) last issued its quarterly earnings results on Wednesday, July 15th. The financial services provider reported $5.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.66 by $0.69. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.46 billion. M&T Bank had a return on equity of 11.80% and a net margin of 22.72%.During the same period in the previous year, the firm earned $4.28 earnings per share. Research analysts expect that M&T Bank will post 19.2 earnings per share for the current year.

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

M&T Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 1st were paid a $1.50 dividend. The ex-dividend date was Monday, June 1st. This represents a $6.00 annualized dividend and a yield of 2.4%. M&T Bank’s dividend payout ratio (DPR) is 31.68%.

Insider Activity at M&T Bank

In other news, EVP Christopher E. Kay sold 3,105 shares of the business’s stock in a transaction that occurred 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 $1,462,024.50. The trade was a 31.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.44% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. FNY Investment Advisers LLC bought a new position in M&T Bank in the 2nd quarter valued at $51,000. First Citizens Financial Corp raised its stake in shares of M&T Bank by 15.6% during the 2nd quarter. First Citizens Financial Corp now owns 1,233 shares of the financial services provider’s stock worth $293,000 after purchasing an additional 166 shares during the period. GAMMA Investing LLC boosted its holdings in shares of M&T Bank by 7.1% in the 2nd quarter. GAMMA Investing LLC now owns 6,343 shares of the financial services provider’s stock worth $1,510,000 after buying an additional 422 shares during the last quarter. Canandaigua National Bank & Trust Co. purchased a new position in shares of M&T Bank in the 2nd quarter worth about $224,000. Finally, CoreCap Advisors LLC grew its position in M&T Bank by 2,310.0% during the second quarter. CoreCap Advisors LLC now owns 482 shares of the financial services provider’s stock valued at $115,000 after buying an additional 462 shares during the period. Hedge funds and other institutional investors own 84.68% of the company’s stock.

Key Stories Impacting M&T Bank

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

• Positive Sentiment: M&T Bank posted stronger-than-expected Q2 results, with revenue above estimates and normalized EPS beating forecasts, driven by mid-single-digit loan growth and solid net interest income. M&T Bank: Loan And NII Growth Support Upside (Rating Upgrade)
• Positive Sentiment: Several analysts raised their price targets after the earnings report, including Barclays, Robert W. Baird, and Keefe, Bruyette & Woods, signaling improved confidence in MTB’s outlook. M&T Bank Analysts Increase Their Forecasts After Strong Q2 Results
• Neutral Sentiment: One note suggested the shares may be fully valued after buyback and preferred capital moves, indicating the upside could be more limited after the recent run-up. M&T Bank (MTB) Looks Fully Valued After Buyback And Preferred Capital Moves
• Neutral Sentiment: Other headlines confirmed that Q2 sales topped estimates, reinforcing the overall earnings beat but adding little new beyond the strong quarterly report. M&T Bank’s (NYSE:MTB) Q2 CY2026 Sales Top Estimates

About M&T Bank

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.