M&T Bank (MTB)

• Market cap: $32.8B
• 1 day: 0.34%
• 5 days: 4.90%
• 1 month: 0.31%
• 3 months: -1.06%
• 6 months: 19.50%
• Year to date: 4.26%
• 1 year: 50.24%
• 5 years: 20.69%
• 10 years: 74.34%
• Sector: Financials
• Industry: State Commercial Banks

About: 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.

Employees: 21,927

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

57% more funds holding in top 10

Funds holding in top 10: 7 [Q2] → 11 (+4) [Q3]

36% more first-time investments, than exits

New positions opened: 110 | Existing positions closed: 81

33% more call options, than puts

Call options by funds: $154M | Put options by funds: $116M

15% more capital invested

Capital invested by funds: $23.1B [Q2] → $26.6B (+$3.51B) [Q3]

2% more funds holding

Funds holding: 906 [Q2] → 921 (+15) [Q3]

0% less repeat investments, than reductions

Existing positions increased: 325 | Existing positions reduced: 326

1.81% less ownership

Funds ownership: 91.53% [Q2] → 89.72% (-1.81%) [Q3]

Research analyst outlook

11 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $205 4% upside
• Avg. target: $231 17% upside
• High target: $250 27% upside

11 analyst ratings

• positive: 3 27%
• neutral: 7 64%
• negative: 1 9%

DA Davidson Peter Winter 93% 1-year accuracy 14 / 15 met price target	13% upside $223	Neutral Maintained	17 Jan 2025
Truist Securities Brian Foran 100% 1-year accuracy 7 / 7 met price target	20% upside $236	Buy Reiterated	17 Jan 2025
Barclays Jason Goldberg 69% 1-year accuracy 37 / 54 met price target	19% upside $235	Equal-Weight Maintained	6 Jan 2025
Compass Point David Rochester 65% 1-year accuracy 15 / 23 met price target	27% upside $250	Neutral Maintained	10 Dec 2024
Keefe, Bruyette & Woods David Konrad 68% 1-year accuracy 19 / 28 met price target	12% upside $221	Market Perform Maintained	4 Dec 2024