Research Analysts Offer Predictions for M&T Bank Co.’s Q1 2022 Earnings (NYSE:MTB)

M&T Bank Co. (NYSE:MTB) – Investment analysts at Wedbush issued their Q1 2022 earnings estimates for M&T Bank in a research note issued to investors on Tuesday, April 6th. Wedbush analyst P. Winter expects that the financial services provider will post earnings of $2.73 per share for the quarter. Wedbush also issued estimates for M&T Bank’s Q2 2022 earnings at $3.09 EPS, Q3 2022 earnings at $3.24 EPS, Q4 2022 earnings at $3.45 EPS and FY2022 earnings at $12.51 EPS.

M&T Bank (NYSE:MTB) last posted its earnings results on Wednesday, January 20th. The financial services provider reported $3.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.03 by $0.49. M&T Bank had a net margin of 21.49% and a return on equity of 9.45%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the firm earned $3.60 EPS.

Other equities research analysts have also issued research reports about the stock. Barclays upped their target price on shares of M&T Bank from $163.00 to $167.00 and gave the stock an “overweight” rating in a report on Wednesday. Morgan Stanley increased their price objective on shares of M&T Bank from $167.00 to $175.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 24th. Wells Fargo & Company increased their price objective on shares of M&T Bank from $150.00 to $160.00 and gave the stock an “equal weight” rating in a report on Monday, March 1st. Zacks Investment Research lowered shares of M&T Bank from a “buy” rating to a “hold” rating and set a $157.00 price objective on the stock. in a report on Tuesday, March 23rd. Finally, Bank of America raised shares of M&T Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. M&T Bank has an average rating of “Hold” and a consensus target price of $141.00.

MTB opened at $154.19 on Thursday. The firm’s 50-day simple moving average is $153.45 and its 200-day simple moving average is $128.65. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.07. M&T Bank has a twelve month low of $85.09 and a twelve month high of $164.72. The firm has a market cap of $19.83 billion, a price-to-earnings ratio of 15.39 and a beta of 1.23.

Hedge funds and other institutional investors have recently modified their holdings of the company. Rocky Mountain Advisers LLC boosted its stake in shares of M&T Bank by 1,438.5% in the 4th quarter. Rocky Mountain Advisers LLC now owns 200 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 187 shares during the last quarter. Vantage Consulting Group Inc bought a new position in shares of M&T Bank in the 4th quarter valued at about $26,000. Barrett Asset Management LLC boosted its stake in shares of M&T Bank by 92.0% in the 4th quarter. Barrett Asset Management LLC now owns 240 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 115 shares during the last quarter. Signaturefd LLC boosted its stake in shares of M&T Bank by 78.6% in the 4th quarter. Signaturefd LLC now owns 259 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 114 shares during the last quarter. Finally, Annapolis Financial Services LLC bought a new position in shares of M&T Bank in the 4th quarter valued at about $36,000. 82.68% of the stock is currently owned by institutional investors.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Monday, March 1st were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend was Friday, February 26th. M&T Bank’s dividend payout ratio (DPR) is presently 32.00%.

M&T Bank announced that its Board of Directors has authorized a share repurchase plan on Wednesday, January 20th that permits the company to repurchase $800.00 million in outstanding shares. This repurchase authorization permits the financial services provider to purchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

M&T Bank Company Profile

M&T Bank Corporation operates as the holding company for Manufacturers and Traders Trust Company; and Wilmington Trust, National Association that provide banking services. The company's Business Banking segment offers deposits, business loans and leases, and credit cards; and cash management, payroll, and letters of credit services to small businesses and professionals.

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Earnings History and Estimates for M&T Bank (NYSE:MTB)

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