Is M&T bank stock a good buy? (2024)

Is M&T bank stock a good buy?

M&T Bank's analyst rating consensus is a Moderate Buy. This is based on the ratings of 14 Wall Streets Analysts.

What is the price forecast for MTB stock?

Stock Price Forecast

The 13 analysts with 12-month price forecasts for M&T Bank stock have an average target of 151.28, with a low estimate of 133 and a high estimate of 179. The average target predicts an increase of 6.42% from the current stock price of 142.15.

How is M&T bank doing financially?

BUFFALO, N.Y. , Jan. 18, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T" or "the Company") reports quarterly net income of $482 million or $2.74 of diluted earnings per common share and full-year net income of $2.74 billion or $15.79 of diluted earnings per common share.

Is M&T bank growing?

The company's revenues witnessed a compound annual growth rate (CAGR) of 10.2% over the last five years (2018-2023). Also, MTB operates as a solid and sustainable regional bank franchise, with a footprint spanning six Mid-Atlantic States and Washington, D.C., which is a positive.

How healthy is M&T bank?

Financial Health criteria checks 5/6

M&T Bank has total assets of $208.3B and total equity of $27.0B. Total deposits are $163.3B, and total loans are $131.6B earning a Net Interest Margin of 3.8%. It has insufficient allowance for bad loans, which are currently at 1.6% of total loans.

Is M&T Bank a buy or sell?

M&T Bank Stock Forecast FAQ

The consensus among 8 Wall Street analysts covering (NYSE: MTB) stock is to Buy MTB stock.

Who are the largest shareholders of M&T Bank?

Largest shareholders include Vanguard Group Inc, Wellington Management Group Llp, BlackRock Inc., State Street Corp, Fmr Llc, Jpmorgan Chase & Co, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Invesco Ltd., State Farm Mutual Automobile Insurance Co, and VFINX - Vanguard 500 Index Fund Investor Shares ...

Is M&T bank strong?

M&T Bank (NYSE:MTB) Financial Strength. M&T Bank has the Financial Strength Rank of 4. GuruFocus Financial Strength Rank measures how strong a company's financial situation is.

What bank is M&T merging with?

BUFFALO, N.Y. , April 2, 2022 /PRNewswire/ -- M&T Bank Corporation (NYSE: MTB) ("M&T") announced today the successful completion of M&T's acquisition of People's United Financial, Inc. (NASDAQ: PBCT) ("People's United") valued at $8.3 billion .

What rank is M&T bank?

Where does M&T rank in the US?

It was the 16th largest bank in the U.S., based on consolidated assets, as of Dec. 31, 2022, placing it just outside this list. Earlier in 2022, it was on this list as the 14th largest bank as of Sept. 30, 2022.

Why is M&T bank good?

M&T Bank is best for customers who enjoy in-person banking and live within the region this bank serves. While M&T Bank does offer online and mobile banking, some accounts can only be opened in person. And if you're looking for the best savings rates and accounts with few fees, you'll have better luck banking elsewhere.

Who owns M&T bank?

M&T Bank (MTB) Ownership Overview

The ownership structure of M&T Bank (MTB) stock is a mix of institutional, retail and individual investors. Approximately 73.74% of the company's stock is owned by Institutional Investors, 5.99% is owned by Insiders and 20.27% is owned by Public Companies and Individual Investors.

What is the healthiest bank in America?

What is M&T bank ranked in the Fortune 500?

444 on the Fortune 500. M&T Bank was the lone Buffalo-based company to make the cut for the Fortune 500, a ranking of the nation's largest corporations whose revenues are publicly available. M&T was No. 444, based on $6.3 billion in revenues for 2020.

Does M&T bank give bonuses to employees?

M&T Bank will only award one bonus per customer, regardless of how many accounts you open. You aren't eligible for this bonus if you've received a bonus from M&T Bank due to opening a personal checking account within the past 12 months. M&T Bank employees and affiliates cannot receive the cash bonus offer.

Why is MTB stock so low?

Summary. MTB' has a weak valuation at its current share price on account of a overvalued PEG ratio due to strong growth. MTB's PE and PEG are worse than the market average leading to a below average valuation score.

How often does MTB pay dividends?

M&T Bank Corporation's ( MTB ) ex-dividend date is March 1, 2024 , which means that buyers purchasing shares on or after that date will not be eligible to receive the next dividend payment. M&T Bank Corporation ( MTB ) pays dividends on a quarterly basis. The next dividend payment is planned on March 29, 2024 .

How much money is M&T bank worth?

Market cap: $23.69 Billion

As of March 2024 M&T Bank has a market cap of $23.69 Billion. This makes M&T Bank the world's 813th most valuable company by market cap according to our data.

Is M&T bank a Fortune 500 company?

companies to be led by a black CEO. Chief Diversity. Officer Glenn Jackson talks with us about the.

How does M&T make money?

M&T's primary business is accepting deposits and making loans. The bank pays a small interest rate to depositors, and then uses those deposits to originate loans at a higher interest rate. The difference, or "spread," is called the bank's net interest margin, and constitutes the primary function of the bank.

What was the previous name of M&T bank?

M&T Bank reorganized under a bank holding company in 1969 called First Empire State Corporation. The name was changed in 1998 to M&T Bank Corporation, whose common stock is listed on the New York Stock Exchange and trades under the symbol "MTB."

What is the strongest bank in America?

Chase is the largest bank in the country, holding over $3.38 trillion in assets. Bank of America is the second-largest bank with over $2.45 trillion in assets. Wells Fargo is the third-largest bank, holding over $1.7 trillion in assets.

Is M&T bank backed by FDIC?

M&T Bank is a member of the Federal Deposit Insurance Corporation (FDIC), certificate number 588. The FDIC is an independent agency of the U.S. government which protects depositors of insured U.S. banks against the loss of their deposits if that bank fails.

Is M&T an investment bank?

M&T understands that shareholder transition and capital raising happen outside the normal course of business. As a relationship-driven and community-focused investment bank with a solid reputation, we bring a broad-based industry perspective and a deep understanding of how financing impacts all stakeholders.