M&T Bank (NYSE:MTB) PT Raised to $180.00 at JPMorgan Chase & Co.

M&T Bank (NYSE:MTB) had its target price boosted by analysts at JPMorgan Chase & Co. from $170.00 to $180.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 29.46% from the company’s current price.

Several other research firms have also commented on MTB. Deutsche Bank Aktiengesellschaft lowered M&T Bank from a “buy” rating to a “hold” rating and set a $145.00 price target on the stock. in a research report on Monday, December 18th. StockNews.com lowered M&T Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Jefferies Financial Group cut their price target on M&T Bank from $154.00 to $151.00 and set a “hold” rating on the stock in a research report on Monday, April 8th. Bank of America lifted their price target on M&T Bank from $157.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Piper Sandler cut their price target on M&T Bank from $156.00 to $152.00 and set an “overweight” rating on the stock in a research report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $157.98.

M&T Bank Price Performance

Shares of NYSE MTB opened at $139.04 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.99 and a current ratio of 0.94. M&T Bank has a fifty-two week low of $108.53 and a fifty-two week high of $148.23. The firm has a market capitalization of $23.17 billion, a PE ratio of 9.40, a price-to-earnings-growth ratio of 1.30 and a beta of 0.80. The stock’s 50-day simple moving average is $139.61 and its 200-day simple moving average is $132.77.

M&T Bank (NYSE:MTB) last issued its earnings results on Monday, April 15th. The financial services provider reported $3.02 earnings per share for the quarter, missing the consensus estimate of $3.13 by ($0.11). M&T Bank had a return on equity of 10.68% and a net margin of 19.52%. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period last year, the business posted $4.09 EPS. As a group, equities research analysts forecast that M&T Bank will post 13.89 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Kirk W. Walters sold 28,845 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $145.00, for a total transaction of $4,182,525.00. Following the transaction, the director now owns 6,367 shares of the company’s stock, valued at $923,215. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Doris P. Meister sold 1,675 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $137.91, for a total transaction of $230,999.25. Following the transaction, the executive vice president now owns 8,961 shares of the company’s stock, valued at $1,235,811.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kirk W. Walters sold 28,845 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $145.00, for a total value of $4,182,525.00. Following the completion of the sale, the director now directly owns 6,367 shares in the company, valued at approximately $923,215. The disclosure for this sale can be found here. Insiders have sold 35,481 shares of company stock valued at $5,114,624 over the last quarter. Company insiders own 0.82% of the company’s stock.

Institutional Trading of M&T Bank

Several large investors have recently bought and sold shares of MTB. HHM Wealth Advisors LLC acquired a new stake in M&T Bank in the fourth quarter valued at $25,000. Clear Street Markets LLC acquired a new stake in M&T Bank in the fourth quarter valued at $25,000. RVW Wealth LLC acquired a new stake in M&T Bank in the third quarter valued at $27,000. General Partner Inc. acquired a new stake in M&T Bank in the first quarter valued at $27,000. Finally, Quarry LP acquired a new stake in M&T Bank in the first quarter valued at $27,000. Institutional investors and hedge funds 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.