M&T Bank (MTB)

• Market cap: $29B
• 1 day: -1.38%
• 5 days: -4.31%
• 1 month: -6.63%
• 3 months: -6.59%
• 6 months: 2.07%
• Year to date: -6.59%
• 1 year: 23.09%
• 5 years: 83.90%
• 10 years: 39.62%
• Sector: Financials
• Industry: State Commercial Banks

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

163% more first-time investments, than exits

New positions opened: 171 | Existing positions closed: 65

9% more funds holding

Funds holding: 924 [Q3] → 1,011 (+87) [Q4]

2% more capital invested

Capital invested by funds: $26.6B [Q3] → $27.1B (+$478M) [Q4]

1% more repeat investments, than reductions

Existing positions increased: 345 | Existing positions reduced: 343

3.33% less ownership

Funds ownership: 89.61% [Q3] → 86.28% (-3.33%) [Q4]

9% less funds holding in top 10

Funds holding in top 10: 11 [Q3] → 10 (-1) [Q4]

13% less call options, than puts

Call options by funds: $104M | Put options by funds: $120M

Research analyst outlook

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

• Low target: $185 5% upside
• Avg. target: $219 24% upside
• High target: $253 44% upside

7 analyst ratings

• positive: 3 43%
• neutral: 3 43%
• negative: 1 14%

Wells Fargo Mike Mayo 60% 1-year accuracy 18 / 30 met price target	5% upside $185	Underweight Maintained	28 Mar 2025
Citigroup Keith Horowitz 30% 1-year accuracy 8 / 27 met price target	11% upside $195	Neutral Maintained	24 Mar 2025
Morgan Stanley Manan Gosalia 73% 1-year accuracy 16 / 22 met price target	44% upside $253	Overweight Maintained	13 Mar 2025
Evercore ISI Group John Pancari 66% 1-year accuracy 19 / 29 met price target	16% upside $205	Outperform Maintained	13 Mar 2025
DA Davidson Peter Winter 13% 1-year accuracy 2 / 15 met price target	27% upside $223	Neutral Maintained	17 Jan 2025