M&T Bank (MTB)

• Market cap: $31.4B
• 1 day: 2.19%
• 5 days: -5.20%
• 1 month: -11.26%
• 3 months: 5.52%
• 6 months: 28.18%
• Year to date: 36.29%
• 1 year: 41.45%
• 5 years: 11.78%
• 10 years: 50.62%
• 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: 21,986

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]

33% more call options, than puts

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

16% more first-time investments, than exits

New positions opened: 110 | Existing positions closed: 95

15% more capital invested

Capital invested by funds: $22.1B [Q2] → $25.5B (+$3.37B) [Q3]

2% more funds holding

Funds holding: 905 [Q2] → 920 (+15) [Q3]

0% less repeat investments, than reductions

Existing positions increased: 325 | Existing positions reduced: 326

1.66% less ownership

Funds ownership: 87.5% [Q2] → 85.84% (-1.66%) [Q3]

Research analyst outlook

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

• Low target: $205 8% upside
• Avg. target: $223 18% upside
• High target: $250 32% upside

14 analyst ratings

• positive: 6 43%
• neutral: 7 50%
• negative: 1 7%

Compass Point David Rochester 59% 1-year accuracy 13 / 22 met price target	32% upside $250	Neutral Maintained	10 Dec 2024
Keefe, Bruyette & Woods David Konrad 59% 1-year accuracy 17 / 29 met price target	17% upside $221	Market Perform Maintained	4 Dec 2024
JP Morgan Steven Alexopoulos 70% 1-year accuracy 33 / 47 met price target	18% upside $224	Neutral Downgraded	4 Dec 2024
Piper Sandler Frank Schiraldi 65% 1-year accuracy 17 / 26 met price target	28% upside $243	Overweight Maintained	27 Nov 2024
Goldman Sachs Ryan Nash 54% 1-year accuracy 15 / 28 met price target	28% upside $243	Neutral Maintained	26 Nov 2024