WallStreetZenWallStreetZen

How to Buy M&T Bank Stock

M&T Bank Corp

M&T Bank is a bank company located in New York, United States, which is part of the Financial Services sector, and is traded under the ticker MTB on the NYSE exchange.

M&T Bank stock last closed at $143.64, up 2% from the previous day, and has increased 14.59% in one year. It has overperformed other stocks in the Banks - Regional industry by 0.04 percentage points. M&T Bank stock is currently +32.35% from its 52-week low of $108.53, and -8.31% from its 52-week high of $156.65.

As of Jun 12, 2024, there are 166.85M shares of MTB outstanding. The market cap of MTB is $23.97B. In the last 24 hours, 1.04M MTB shares were traded.

How to Buy M&T Bank Stock

Not sure how to invest in M&T Bank stock? Here's how.
  1. Choose where to buy M&T Bank stock: You need to decide on a stock brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you decide where to buy M&T Bank stock.
  2. Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Deposit funds into your brokerage account: Pick your payment method and add your details.
  4. Analyze M&T Bank stock: The M&T Bank ticker symbol is MTB. Is M&T Bank stock a good investment? Should you buy shares of MTB? How do MTB's underlying business fundamentals look? Do top analysts think M&T Bank is a good buy? Why has MTB's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if MTB is a good stock to buy).
  5. Place your MTB trade: Decide if you will purchase MTB shares at the current market price or use a limit order to buy MTB stock at a particular price.
  6. Monitor your investment in MTB: Create a watchlist to important notifications about your investment in M&T Bank stock.

Step 1: Choose where to buy M&T Bank stock

You will need a brokerage account in order to access the NYSE market and buy MTB shares.

A brokerage account allows you to buy and sell a number of financial instruments, including stocks, bonds, mutual funds, and ETFs.

Our recommended brokerage: eToro

Based on our research, eToro is the best brokerage. eToro gives you:

  • You can invest in stocks with zero commissions: Invest without commissions.
  • Buy fractional shares: Even if you don't have the money to buy a full share, you can still invest in the stock.
  • Access to global markets: From Technology to Real Estate, New York to London — you can fill your portfolio with stocks from the globe's top stock exchanges.
  • Social investing: eToro offers a community with more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of top investors.
  • Security: eToro is a regulated and licensed brokerage platform.
  • Buy other financial assets: Such as ETFs and cryptocurrencies.

Get $10 towards your stock purchase by creating an account with eToro today.

Open eToro Account
eToro securities trading is offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. https://www.wallstreetzen.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

Step 2: Sign up for a brokerage account

Now that you've selected your brokerage, it's time to fill out some personal information so you are able to invest in MTB today.

How to Create a New Investment Account on eToro

  1. Click here to get started.
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
  2. Provide your personal data to start your new brokerage account.
  1. Submit your application by hitting the "Create Account" button.
  2. Get started with eToro today
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 3: Deposit funds into your brokerage account

Now that you've finished signing up on our top ranked stock trading app, you need to deposit funds:

Check out the walkthrough below if you need help transferring money into your investment account.

Get started with eToro today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 4: Analyze M&T Bank stock

Once you have identified the best place to buy M&T Bank stock, it's crucial to research their stock prior to investing, so you truly understand the risk and upside.

M&T Bank Metrics

MTB Price
$143.64
1w %
-1.64%
1y %
14.59%
5y %
-13.18%
P/E
9.66x
P/B
0.88x
P/S
2.73x
PEG
1.85x
Revenue
$8.77B
Earnings
$2.47B
Fore. Rev. Growth
3.27%
Fore. Earn. Growth
5.79%
Market Cap
$23.97B
Next Earnings
Jul 18, 2024
Next Dividend
Jun 28, 2024

M&T Bank Due Diligence Checks

WallStreetZen was designed to help average investors perform more in-depth fundamental analysis in less time.

You can see all of the due diligence checks on MTB's stock page.

Is MTB stock properly valued?

You can use many financial metrics, analyses, models, and charts to gauge MTB's fair value.

Using relative valuations ratios:

  • MTB may be undervalued based on its P/E ratio of 9.66x, relative to Banks - Regional industry P/E ratio of -8.48x
  • MTB may be undervalued based on its P/B ratio of 0.88x, relative to Banks - Regional industry P/B ratio of 1.01x
  • MTB may be overvalued based on its PEG ratio of 1.85x

You can access additional valuation research on MTB's stock here.

MTB Financial Summary

Positive Financial Indicators:

  • MTB earnings of $3.25B is not enough to cover its interest payments.
  • MTB profit margin has gone up from 26.2% to 28.1% in the past year.
  • MTB's operating cash flow of $4.09B allows it to safely service it's debt of $16.25B.

Negative Financial Indicators:

  • MTB has a relatively high debt to equity ratio of 6.92.
  • Total MTB debt is higher than 5 years ago, relative to shareholder equity.

Is it a good time to buy MTB stock, according to analysts?

Out of 13 sell side analysts who give ratings on MTB, the consensus analyst rating on MTB is a Buy

Please note that analyst ratings are not recommendations, nor are they financial advice.

Latest MTB Analyst Recommendations

Gerard Cassidy, a top 8% analyst from RBC Capital reiterates MTB with a buy rating and maintains their MTB price target from $160.00 to $160.00, on Apr 16, 2024.

Mike Mayo, a top 11% analyst from Wells Fargo maintains MTB with a hold rating and raises their MTB price target from $145.00 to $150.00, on Apr 16, 2024.

Ebrahim Poonawala, a top 19% analyst from Bank of America maintains MTB with a strong buy rating and raises their MTB price target from $157.00 to $160.00, on Apr 16, 2024.

David Chiaverini, a bottom 9% analyst from Wedbush reiterates MTB with a buy rating and maintains their MTB price target from $170.00 to $170.00, on Apr 10, 2024.

John Pancari, a bottom 14% analyst from Evercore ISI Group maintains MTB with a hold rating and raises their MTB price target from $146.00 to $157.00, on Mar 28, 2024.

You can dive deeper into what analysts are projecting on the M&T Bank stock forecast page.

Metrics for Advanced MTB Traders

SMA10
146.08
SMA20
148.8
SMA50
146.09
SMA100
142.77
SMA200
134.86
MACD
-1.22
MACD Signal
-0.18
MACD Histogram
-1.04
RSI
42.81
Stochastic %K
15.52
Stochastic %D
15.06
StochRSI %K
11.53
StochRSI %D
9.45

MTB Performance Numbers

Last year, MTB earnings were $2.47B. In the last five year, MTB's earnings have gone up by 1.37% per year. This was slower than the Banks - Regional industry average of 13.96%.

Last year, MTB revenue was $8.77B. In the past 5 year, MTB's revenue has grown by 8.13% per year. This was slower than the Banks - Regional industry average of 11.03%.

Learn more about MTB's earnings and revenue performance here.

Who is buying/selling MTB?

Over the past 12 months, insiders at MTB have sold more shares than they have bought.

John P. Barnes, Director of MTB, was the latest MTB insider to sell. They sold $6,709,447.28 worth of MTB shares on May 14, 2024.

Research more about who owns MTB shares here.

Does MTB provide a stable income stream?

M&T Bank pays a dividend of 2.72%, compared to the Banks - Regional industry's average dividend yield of 3.76%. If you owned $1,000 worth of MTB stock, you would have received $27.15 in the past year.

M&T Bank dividend payments have consistently grown over the past decade and have remained stable.

Find more data about M&T Bank dividend yield and history here.

Get analysis from other investors

One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.

Click below to see what other community members have to say.

Step 5: Place your MTB trade

You have two main types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are generally fine for most investors.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at a specific price limit, use a limit order.

Click the Open Trade button and eToro will place the order.

If you want more help buying stocks on eToro, click the helpful video below:

Open eToro Account

Step 6: Monitor your investment in MTB

Now that you own some MTB shares, you'll want to keep up with your investment.

Start a watchlist to monitor your MTB stock.

MTB Feed

How to Buy Stock in M&T Bank

To summarize, here are the 6 steps for buying M&T Bank stock:

  1. Choose where to buy M&T Bank stock
  2. Sign up for a brokerage account
  3. Deposit funds into your brokerage account
  4. Analyze M&T Bank stock
  5. Place your MTB trade
  6. Monitor your investment in MTB

If you need a brokerage, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to get the latest scoop on your investment in M&T Bank, hit the button below to create your watchlist.

NYSE: MTB
$143.64+2.81 (+2%)
Updated Jun 12, 2024
Open eToro Account
NYSE: MTB
$143.64+2.81 (+2%)
Updated Jun 12, 2024
Open eToro Account

FAQ

How much does it cost to buy one M&T Bank share?

As of Jun 12, 2024, it costs $143.64 to buy one share of M&T Bank stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.07 shares of MTB.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy M&T Bank stock?

According to 13 Wall Street analysts who monitor M&T Bank, their consensus recommendation is to buy M&T Bank stock.

What is the best way to buy M&T Bank stock?

One way to place an order for M&T Bank stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.