In the last three months, 16 analysts have published ratings on M&T Bank MTB, offering a diverse range of perspectives from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
---|---|---|---|---|---|
Total Ratings | 1 | 5 | 10 | 0 | 0 |
Last 30D | 1 | 1 | 4 | 0 | 0 |
1M Ago | 0 | 1 | 4 | 0 | 0 |
2M Ago | 0 | 0 | 1 | 0 | 0 |
3M Ago | 0 | 3 | 1 | 0 | 0 |
Analysts have set 12-month price targets for M&T Bank, revealing an average target of $162.38, a high estimate of $180.00, and a low estimate of $150.00. Observing a 3.26% increase, the current average has risen from the previous average price target of $157.25.
Analyzing Analyst Ratings: A Detailed Breakdown
An in-depth analysis of recent analyst actions unveils how financial experts perceive M&T Bank. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
---|---|---|---|---|---|
Peter Winter | DA Davidson | Maintains | Neutral | $159.00 | $159.00 |
David Konrad | Keefe, Bruyette & Woods | Raises | Market Perform | $170.00 | $162.00 |
Steven Alexopoulos | JP Morgan | Raises | Neutral | $180.00 | $170.00 |
Gerard Cassidy | RBC Capital | Maintains | Outperform | $160.00 | - |
Mike Mayo | Wells Fargo | Raises | Equal-Weight | $150.00 | $145.00 |
Ebrahim Poonawala | B of A Securities | Raises | Buy | $160.00 | $157.00 |
David Chiaverini | Wedbush | Maintains | Outperform | $170.00 | - |
Ken Usdin | Jefferies | Lowers | Hold | $151.00 | $154.00 |
David Konrad | Keefe, Bruyette & Woods | Raises | Market Perform | $162.00 | $155.00 |
Steven Alexopoulos | JP Morgan | Raises | Neutral | $170.00 | $160.00 |
John Pancari | Evercore ISI Group | Raises | In-Line | $157.00 | $146.00 |
Peter Winter | DA Davidson | Maintains | Neutral | $159.00 | - |
Manan Gosalia | Morgan Stanley | Raises | Overweight | $179.00 | $160.00 |
Peter Winter | DA Davidson | Lowers | Neutral | $159.00 | $163.00 |
Frank Schiraldi | Piper Sandler | Lowers | Overweight | $152.00 | $156.00 |
Gerard Cassidy | RBC Capital | Maintains | Outperform | $160.00 | - |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to M&T Bank. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of M&T Bank compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of M&T Bank's stock. This comparison reveals trends in analysts' expectations over time.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of M&T Bank's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on M&T Bank analyst ratings.
All You Need to Know About M&T Bank
M&T Bank is one of the largest regional banks in the United States, with branches in New York, Pennsylvania, West Virginia, Virginia, Maryland, Delaware, and New Jersey. The bank was founded to serve manufacturing and trading businesses around the Erie Canal and is primarily focused on commercial real estate and commercial-related lending, with some retail operations also present.
Breaking Down M&T Bank's Financial Performance
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Negative Revenue Trend: Examining M&T Bank's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -2.69% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Financials sector.
Net Margin: M&T Bank's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 20.01%, the company may face hurdles in effective cost management.
Return on Equity (ROE): M&T Bank's ROE excels beyond industry benchmarks, reaching 1.86%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): M&T Bank's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.22%, the company showcases efficient use of assets and strong financial health.
Debt Management: M&T Bank's debt-to-equity ratio surpasses industry norms, standing at 0.53. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
The Basics of Analyst Ratings
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.