M&T Bank Corporation with ticker code (MTB) now have 18 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The range between the high target price and low target price is between 212 and 150 with the average target price sitting at $170.49. Now with the previous closing price of $122.40 and the analysts are correct then we can expect a percentage increase in value of 39.3%. Also worth taking note is the 50 day moving average now sits at $145.03 and the 200 day MA is $162.62. The company has a market capitalization of $20,096m. Company Website: https://www3.mtb.com
The potential market cap would be $27,992m based on the market consensus.
M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that offer retail and commercial banking products and services in the United States. The company’s Business Banking segment offers deposit, lending, cash management, and other financial services to small businesses and professionals. Its Commercial Banking segment provides deposit products, commercial lending and leasing, letters of credit, and cash management services for middle-market and large commercial customers. The company’s Commercial Real Estate segment originates, sells, and services commercial real estate loans; and offers deposit, and credit services. Its Discretionary Portfolio segment provides deposits, securities, residential real estate loans, and other assets; and short and long term borrowed funds, as well as foreign exchange services. The company’s Residential Mortgage Banking segment offers residential real estate loans for consumers and sells those loans in the secondary market; and purchases servicing rights to loans, and sub-services residential real estate loans for others. Its Retail Banking segment offers demand, savings, and time accounts; consumer installment loans, automobile and recreational finance loans, home equity loans and lines of credit, and credit cards; mutual funds and annuities; and other services. The company also provides trust and wealth management; fiduciary and custodial; insurance agency; institutional brokerage and securities; and investment management and advisory services; financial management, and planning, leasing, and financing services. It offers its services through banking offices, business banking centers, telephone and internet banking, and automated teller machines. M&T Bank Corporation was founded in 1856 and is headquartered in Buffalo, New York.
The company has a dividend yield of 4.35% with the ex dividend date set at 3-3-2023 (DMY).
Other points of data to note are a P/E ratio of 10.37, revenue per share of 46.95 and a 1.12% return on assets.
