M&T Bank (MTB)

• Market cap: $29.5B
• 1 day: -1.39%
• 5 days: 2.21%
• 1 month: -5.16%
• 3 months: -5.05%
• 6 months: 2.42%
• Year to date: -4.80%
• 1 year: 24.08%
• 5 years: 67.46%
• 10 years: 43.77%
• 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, Massachusetts, New Hampshire, Vermont, Maine, Connecticut, 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: 22,354

Fund manager confidence

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

162% more first-time investments, than exits

New positions opened: 170 | Existing positions closed: 65

9% more funds holding

Funds holding: 925 [Q3] → 1,010 (+85) [Q4]

2% more capital invested

Capital invested by funds: $26.6B [Q3] → $27.1B (+$476M) [Q4]

1% more repeat investments, than reductions

Existing positions increased: 345 | Existing positions reduced: 343

3.34% less ownership

Funds ownership: 89.62% [Q3] → 86.28% (-3.34%) [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

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

• Low target: $195 9% upside
• Avg. target: $225 25% upside
• High target: $253 41% upside

6 analyst ratings

• positive: 3 50%
• neutral: 3 50%
• negative: 0 0%

Citigroup Keith Horowitz 63% 1-year accuracy 17 / 27 met price target	9% upside $195	Neutral Maintained	24 Mar 2025
Morgan Stanley Manan Gosalia 73% 1-year accuracy 16 / 22 met price target	41% upside $253	Overweight Maintained	13 Mar 2025
Evercore ISI Group John Pancari 69% 1-year accuracy 24 / 35 met price target	14% upside $205	Outperform Maintained	13 Mar 2025
DA Davidson Peter Winter 38% 1-year accuracy 6 / 16 met price target	24% upside $223	Neutral Maintained	17 Jan 2025
Truist Securities Brian Foran 15% 1-year accuracy 2 / 13 met price target	31% upside $236	Buy Reiterated	17 Jan 2025