Royal Bank Of Canada Issues Positive Forecast for M&T Bank (NYSE:MTB) Stock Price

M&T Bank (NYSE:MTBGet Free Report) had its target price hoisted by equities researchers at Royal Bank Of Canada from $210.00 to $220.00 in a research report issued on Friday,MarketScreener reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 3.49% from the company’s current price.

MTB has been the topic of several other research reports. Bank of America reaffirmed a “neutral” rating and set a $225.00 target price on shares of M&T Bank in a report on Wednesday, January 7th. UBS Group raised their target price on shares of M&T Bank from $207.00 to $208.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Wolfe Research lowered M&T Bank from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 7th. Wells Fargo & Company upped their price objective on shares of M&T Bank from $185.00 to $205.00 and gave the stock an “underweight” rating in a report on Monday, January 5th. Finally, Wall Street Zen upgraded shares of M&T Bank from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $223.55.

View Our Latest Research Report on MTB

M&T Bank Stock Performance

Shares of MTB opened at $212.59 on Friday. M&T Bank has a 12-month low of $150.75 and a 12-month high of $215.71. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.49. The company has a market cap of $32.67 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 0.94 and a beta of 0.59. The stock has a 50-day moving average price of $199.27 and a 200-day moving average price of $195.14.

M&T Bank (NYSE:MTBGet Free Report) last announced its earnings results 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. M&T Bank had a net margin of 20.91% and a return on equity of 10.62%. The business had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same period last year, the firm posted $3.77 earnings per share. As a group, equities analysts forecast that M&T Bank will post 16.57 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Golden State Wealth Management LLC lifted its position in M&T Bank by 2,214.3% during the second quarter. Golden State Wealth Management LLC now owns 162 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 155 shares during the last quarter. Bank of Jackson Hole Trust raised its position in shares of M&T Bank by 342.9% during the 3rd quarter. Bank of Jackson Hole Trust now owns 155 shares of the financial services provider’s stock valued at $31,000 after buying an additional 120 shares in the last quarter. Triumph Capital Management purchased a new stake in shares of M&T Bank during the 3rd quarter valued at about $32,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of M&T Bank in the 2nd quarter valued at about $36,000. Finally, Ameriflex Group Inc. grew its position in M&T Bank by 82.4% in the third quarter. Ameriflex Group Inc. now owns 186 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 84 shares in the last quarter. 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:

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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