Cantor Fitzgerald Raises M&T Bank (NYSE:MTB) Price Target to $238.00

M&T Bank (NYSE:MTBGet Free Report) had its target price boosted by analysts at Cantor Fitzgerald from $228.00 to $238.00 in a report released on Friday,MarketScreener reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Cantor Fitzgerald’s price target would suggest a potential upside of 11.95% from the stock’s previous close.

A number of other analysts also recently issued reports on the company. Wall Street Zen raised M&T Bank from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Robert W. Baird raised their target price on M&T Bank from $225.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, December 18th. Barclays upped their price target on M&T Bank from $220.00 to $236.00 and gave the company an “equal weight” rating in a report on Monday, January 5th. Citigroup increased their price target on shares of M&T Bank from $215.00 to $225.00 and gave the company a “neutral” rating in a research note on Friday, January 2nd. Finally, Jefferies Financial Group boosted their price objective on shares of M&T Bank from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $223.55.

Get Our Latest Stock Report on MTB

M&T Bank Stock Up 0.0%

MTB stock opened at $212.59 on Friday. The company’s 50 day moving average price is $199.27 and its 200 day moving average price is $195.14. The firm has a market capitalization of $32.67 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 0.94 and a beta of 0.59. M&T Bank has a fifty-two week low of $150.75 and a fifty-two week high of $215.71. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.97 and a current ratio of 0.97.

M&T Bank (NYSE:MTBGet Free Report) last announced its quarterly earnings data on Friday, January 16th. The financial services provider reported $4.72 earnings per share for the quarter, beating analysts’ consensus estimates of $4.47 by $0.25. The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.47 billion. M&T Bank had a net margin of 20.91% and a return on equity of 10.62%. During the same period last year, the business earned $3.77 EPS. On average, equities research analysts anticipate that M&T Bank will post 16.57 EPS for the current fiscal year.

Insider Buying and Selling at M&T Bank

In other news, EVP Christopher E. Kay sold 5,250 shares of the firm’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $191.70, for a total value of $1,006,425.00. Following the completion of the sale, the executive vice president owned 5,501 shares in the company, valued at approximately $1,054,541.70. This trade represents a 48.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert E. Sadler, Jr. sold 6,000 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $190.06, for a total transaction of $1,140,360.00. Following the transaction, the director owned 17,070 shares in the company, valued at approximately $3,244,324.20. This trade represents a 26.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.53% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On M&T Bank

Large investors have recently modified their holdings of the business. Golden State Wealth Management LLC boosted its stake in shares of M&T Bank by 2,214.3% in the second quarter. Golden State Wealth Management LLC now owns 162 shares of the financial services provider’s stock valued at $31,000 after buying an additional 155 shares in the last quarter. Bank of Jackson Hole Trust raised its position in M&T Bank by 342.9% in the third quarter. Bank of Jackson Hole Trust now owns 155 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 120 shares in the last quarter. Triumph Capital Management acquired a new stake in M&T Bank in the third quarter valued at $32,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of M&T Bank during the 2nd quarter worth $36,000. Finally, Ameriflex Group Inc. grew its stake in shares of M&T Bank by 82.4% during the 3rd quarter. Ameriflex Group Inc. now owns 186 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 84 shares during the period. 84.68% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting M&T Bank

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About M&T Bank

(Get Free Report)

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.

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Analyst Recommendations for M&T Bank (NYSE:MTB)

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