On April 5, 2023,
Morgan Stanley
maintained
coverage of M & T Bank with
a Overweight recommendation.
Analyst Price Forecast Suggests 51.79% Upside
As of March 30, 2023,
the average one-year price target for M & T Bank is $177.87.
The forecasts range from a low of $151.50 to a high of $222.60.
The average price target represents an increase of 51.79% from its latest reported closing price of $117.18.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for M & T Bank
is $9,826MM, an increase of 28.25%.
The projected annual non-GAAP EPS
is $19.29.
M & T Bank Declares $1.30 Dividend
On February 22, 2023 the company declared a regular
quarterly dividend of $1.30 per share ($5.20 annualized).
Shareholders of record as of March 6, 2023
received the payment on March 31, 2023.
Previously, the company paid $1.20 per share.
At the current share price of $117.18 / share,
the stock’s dividend yield is 4.44%.
Looking back five years and taking a sample every week, the average dividend yield has been
2.93%,
the lowest has been 1.63%,
and the highest has been 4.99%.
The standard deviation of yields is 0.70 (n=237).
The current dividend yield is
2.16 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is 0.44.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 0.18%,
demonstrating that it has increased its dividend over time.
What are Other Shareholders Doing?
Balyasny Asset Management
holds 560K shares
representing 0.33% ownership of the company.
In it’s prior filing, the firm reported owning 0K shares, representing
an increase
of 100.00%.
USCRX – Cornerstone Moderately Aggressive Fund
holds 17K shares
representing 0.01% ownership of the company.
In it’s prior filing, the firm reported owning 13K shares, representing
an increase
of 22.93%.
The firm
increased
its portfolio allocation in MTB by 19.23% over the last quarter.
Bnp Paribas Arbitrage
holds 77K shares
representing 0.05% ownership of the company.
In it’s prior filing, the firm reported owning 140K shares, representing
a decrease
of 80.66%.
The firm
decreased
its portfolio allocation in MTB by 93.90% over the last quarter.
Kayne Anderson Rudnick Investment Management
holds 1K shares
representing 0.00% ownership of the company.
In it’s prior filing, the firm reported owning 3K shares, representing
a decrease
of 328.71%.
The firm
decreased
its portfolio allocation in MTB by 89.32% over the last quarter.
Profunds – Profund Vp Financials
holds 1K shares
representing 0.00% ownership of the company.
In it’s prior filing, the firm reported owning 1K shares, representing
a decrease
of 6.15%.
The firm
decreased
its portfolio allocation in MTB by 26.90% over the last quarter.
What is the Fund Sentiment?
There are 1689 funds or institutions reporting positions in M & T Bank.
This is a decrease
of
27
owner(s) or 1.57% in the last quarter.
Average portfolio weight of all funds dedicated to MTB is 0.32%,
a decrease
of 11.10%.
Total shares owned by institutions decreased
in the last three months by 2.18% to 167,313K shares.
The put/call ratio of MTB is 1.15, indicating a
bearish
outlook.
M & T Bank Background Information
(This description is provided by the company.)
M&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T’s principal banking subsidiary, M&T Bank, operates banking offices in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and the District of Columbia. Trust-related services are provided by M&T’s Wilmington Trust-affiliated companies and by M&T Bank.
See all M & T Bank regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
