Key Points
- Vice Chairman Gary Geisel sold 887 shares of M&T Bank on Jan. 28 at an average price of $215.79, totaling $191,405.73 and reducing his ownership by 5.12% to 16,446 shares (about $3.55M).
- M&T reported Q4 EPS of $4.72 (beating estimates by $0.25) on $2.48B in revenue, and pays a quarterly dividend of $1.50 ($6.00 annualized, roughly a 2.7% yield).
- Analysts are mixed: MarketBeat shows a consensus rating of Hold with a $224.29 target, though several firms recently raised price targets (e.g., Jefferies to $255, Piper Sandler to $235, Cantor Fitzgerald to $238).
M&T Bank Corporation (NYSE:MTB - Get Free Report) Vice Chairman Gary Geisel sold 887 shares of M&T Bank stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $215.79, for a total transaction of $191,405.73. Following the sale, the insider directly owned 16,446 shares in the company, valued at $3,548,882.34. This trade represents a 5.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
M&T Bank Price Performance
Shares of NYSE:MTB opened at $221.89 on Friday. The company has a market cap of $34.10 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 0.97 and a beta of 0.59. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.90 and a quick ratio of 0.97. The firm has a 50 day simple moving average of $205.52 and a 200 day simple moving average of $196.22. M&T Bank Corporation has a one year low of $150.75 and a one year high of $222.83.
M&T Bank (NYSE:MTB - Get Free Report) last issued 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. The firm 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 21.55% and a return on equity of 10.94%. During the same quarter last year, the business posted $3.77 earnings per share. Research analysts predict that M&T Bank Corporation will post 16.57 earnings per share for the current fiscal year.
M&T Bank Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 1st were given a dividend of $1.50 per share. The ex-dividend date was Monday, December 1st. This represents a $6.00 dividend on an annualized basis and a yield of 2.7%. M&T Bank's payout ratio is currently 35.19%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Golden State Wealth Management LLC raised its stake 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 worth $31,000 after buying an additional 155 shares during the last quarter. Bank of Jackson Hole Trust grew its holdings in 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 worth $31,000 after acquiring an additional 120 shares during the period. Triumph Capital Management bought a new position in shares of M&T Bank in the 3rd quarter worth about $32,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of M&T Bank in the 2nd quarter valued at about $36,000. Finally, Ameriflex Group Inc. boosted its position 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 valued at $37,000 after purchasing an additional 84 shares in the last quarter. Institutional investors and hedge funds own 84.68% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have commented on MTB. Truist Financial set a $230.00 target price on M&T Bank in a research report on Tuesday, January 20th. Piper Sandler lifted their target price on shares of M&T Bank from $225.00 to $235.00 in a research report on Friday, January 16th. Jefferies Financial Group boosted their target price on shares of M&T Bank from $250.00 to $255.00 and gave the stock a "buy" rating in a report on Friday, January 16th. Wall Street Zen upgraded shares of M&T Bank from a "sell" rating to a "hold" rating in a report on Saturday. Finally, Cantor Fitzgerald boosted their price objective on shares of M&T Bank from $228.00 to $238.00 and gave the stock an "overweight" rating in a research note on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $224.29.
Get Our Latest Research Report on MTB
M&T Bank Company Profile
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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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