M&T Bank (NYSE:MTB) Stock Gets Price Target Cut from Cantor Fitzgerald

M&T Bank (NYSE:MTB) had its price objective decreased by Cantor Fitzgerald from $285.00 to $255.00 in a research note released on Wednesday, Marketbeat.com reports. Cantor Fitzgerald currently has an overweight rating on the financial services provider’s stock.

A number of other analysts have also recently weighed in on the company. Evercore set a $230.00 price target on M&T Bank in a research report on Thursday, October 1st. Raymond James Financial initiated coverage on M&T Bank in a research note on Tuesday, October 6th. They set an “outperform” rating and a $250.00 price target for the company. Morgan Stanley lowered their price objective on M&T Bank from $304.00 to $301.00 and set an “overweight” rating on the stock in a report on Monday, September 28th. Barclays raised their price objective on M&T Bank from $236.00 to $267.00 and gave the company an “equal weight” rating in a research note on Thursday, July 16th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of M&T Bank in a research note on Tuesday, September 1st. Eight analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, M&T Bank presently has an average rating of “Hold” and an average target price of $248.79.

M&T Bank Trading Down 1.6%

Shares of NYSE:MTB opened at $215.11 on Wednesday. The stock has a market capitalization of $31.07 billion, a PE ratio of 11.44, a P/E/G ratio of 1.23 and a beta of 0.61. M&T Bank has a 1 year low of $176.02 and a 1 year high of $255.95. The firm has a fifty day moving average price of $231.97 and a 200 day moving average price of $228.52. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.53.

M&T Bank (NYSE:MTB) last posted its earnings results on Friday, October 16th. The financial services provider reported $5.08 EPS for the quarter, topping the consensus estimate of $4.93 by $0.15. The firm had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.53 billion. M&T Bank had a net margin of 22.72% and a return on equity of 11.80%. During the same period in the prior year, the business posted $4.82 earnings per share. Analysts expect that M&T Bank will post 19.42 EPS for the current fiscal year.

M&T Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 1st were issued a dividend of $1.50 per share. The ex-dividend date was Tuesday, September 1st. This represents a $6.00 annualized dividend and a dividend yield of 2.8%. M&T Bank’s payout ratio is presently 31.68%.

Insider Transactions at M&T Bank

In related news, CEO Rene F. Jones sold 19,396 shares of M&T Bank stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $239.35, for a total transaction of $4,642,432.60. Following the sale, the chief executive officer directly owned 103,831 shares of the company’s stock, valued at $24,851,949.85. This trade represents a 15.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rudina Seseri sold 623 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $241.04, for a total value of $150,167.92. Following the transaction, the director owned 3,649 shares in the company, valued at $879,554.96. This represents a 14.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 20,028 shares of company stock valued at $4,794,884 in the last ninety days. 0.44% of the stock is owned by company insiders.

Institutional Trading of M&T Bank

A number of hedge funds have recently modified their holdings of MTB. First Bancorp Inc ME bought a new stake in shares of M&T Bank during the second quarter valued at approximately $25,000. Bogart Wealth LLC lifted its position in M&T Bank by 233.3% in the first quarter. Bogart Wealth LLC now owns 120 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 84 shares during the period. NBH Bank bought a new position in M&T Bank in the second quarter worth $51,000. FNY Investment Advisers LLC bought a new position in M&T Bank in the second quarter worth $51,000. Finally, Elevation Wealth Partners LLC boosted its stake in M&T Bank by 153.2% during the third quarter. Elevation Wealth Partners LLC now owns 276 shares of the financial services provider’s stock worth $60,000 after buying an additional 167 shares in the last quarter. Institutional investors own 84.68% of the company’s stock.

M&T Bank News Roundup

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

• Positive Sentiment: M&T reported third-quarter net income of $775 million, or $5.04 diluted EPS, while other non-GAAP reporting showed $5.08 per share. Revenue reached approximately $2.54 billion. Both figures exceeded Wall Street expectations, extending the bank’s earnings-beat streak. M&T Bank Corporation Announces Third Quarter 2026 Results
• Positive Sentiment: Net interest income benefited from loan growth, with average loans rising 2% sequentially. Net interest margin held firm at 3.65%, supporting the bank’s core profitability. Consider M&T Bank as It Holds Up in a Tough Operating Environment
• Positive Sentiment: Credit trends improved: nonaccrual loans declined to 0.90% of total loans, and lower-than-expected provisions provided an additional boost to quarterly earnings. M&T Bank Beats Q3 Estimates on Lower-than-Expected Provisions
• Positive Sentiment: M&T maintained strong lending momentum in SBA 7(a) loans, ranking first in its service area and setting a record for loan growth, which could support future commercial banking revenue. M&T Bank Ranks First in SBA 7(a) Loans
• Neutral Sentiment: Average deposits were reported at $166.8 billion, but broader commentary indicated deposit pressure, leaving investors focused on the bank’s ability to fund continued loan expansion.
• Negative Sentiment: Rising operating expenses and lower fee income overshadowed the earnings and revenue beats, raising concerns about expense control and the sustainability of profit growth. M&T Bank Q3 Earnings Beat on Higher NII, Stock Dips on Cost Woes
• Negative Sentiment: A pessimistic forecast from Cantor Fitzgerald added pressure to sentiment despite the quarter’s favorable operating metrics.

About M&T Bank

M&T Bank Corporation is a regional financial services company headquartered in Buffalo, New York. Founded in 1856, the company operates primarily through its M&T Bank subsidiary and serves consumers, businesses, institutions and government entities.

M&T Bank provides a range of banking products and services, including checking and savings accounts, consumer lending, residential mortgages, credit cards, commercial loans, treasury management and investment services. Through its wealth management and institutional businesses, the company also offers trust, investment management, custody and related financial services.

The bank serves customers across a footprint concentrated in the Mid-Atlantic and Northeastern United States, including New York, Pennsylvania, Maryland, New Jersey, Delaware, Virginia, West Virginia and Washington, DC Its businesses also include Wilmington Trust, which provides wealth management, corporate and institutional trust, and related services.

John R.