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 $146.86, up 0.81% from the previous day, and has increased 17.96% in one year. It has overperformed other stocks in the Banks - Regional industry by 0.03 percentage points. M&T Bank stock is currently +35.32% from its 52-week low of $108.53, and -0.92% from its 52-week high of $148.23.
As of Apr 23, 2024, there are 166.62M shares of MTB outstanding. The market cap of MTB is $24.47B. In the last 24 hours, 725,211 MTB shares were traded.
How to Buy M&T Bank Stock
Not sure how to invest in M&T Bank stock? Here's how.
- 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.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your brokerage account: Pick your payment method and add your details.
- 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).
- 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.
- 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.
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Open eToro AccountStep 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.
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- 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.
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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.
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
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 9.27x, relative to Banks - Regional industry P/E ratio of -10.89x
- MTB may be undervalued based on its P/B ratio of 0.91x, relative to Banks - Regional industry P/B ratio of 0.99x
- MTB may be undervalued based on its PEG ratio of 0.56x
You can access additional valuation research on MTB's stock here.
MTB Financial Summary
Positive Financial Indicators:
- MTB earnings of $3.51B is not enough to cover its interest payments.
- MTB profit margin has gone up from 24.7% to 29.3% in the past year.
- Total MTB debt is lower than 5 years ago, relative to shareholder equity.
- MTB's operating cash flow of $3.91B allows it to safely service it's debt of $13.52B.
Negative Financial Indicators:
- MTB has a relatively high debt to equity ratio of 6.73.
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
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 top 35% 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.
Ken Usdin, a top 28% analyst from Jefferies maintains MTB with a hold rating and lowers their MTB price target from $154.00 to $151.00, on Apr 8, 2024.
John Pancari, a bottom 15% 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.
Manan Gosalia, a top 4% analyst from Morgan Stanley maintains MTB with a strong buy rating and raises their MTB price target from $160.00 to $179.00, on Feb 7, 2024.
Morgan Stanley's Manan Gosalia raised their price target on M&T Bank (NYSE: MTB) by 11.9% from $160 to $179 on 2024/02/07. The analyst maintained their Strong Buy rating on the stock.
Explaining their price target increase on M&T Bank, Gosalia said that, "for the midcap bank group, they are increasing price targets by a median 20% as they roll their valuation year from 2024 to 2025."
Gosalia said that "the events in the past week at New York Community Bancorp don't change Morgan Stanley's view that working through CRE [the Commerical Real Estate sector] will be a long grind for the group, with weakness accelerating in the next two to three quarters."
The analyst said they are sticking with their Hold rating on most midcap banks, but recommending that investors "skew to defensive names."
Morgan Stanley has dropped M&T Bank as its Top Pick among midcap banks and replaced it with Huntington Bancshares because of Huntington's low CRE exposure and high reserve ratio, Gosalia told readers.
You can dive deeper into what analysts are projecting on the M&T Bank stock forecast page.
Metrics for Advanced MTB Traders
MTB Performance Numbers
Last year, MTB earnings were $2.64B. In the last five year, MTB's earnings have gone up by 4.45% per year. This was slower than the Banks - Regional industry average of 16.34%.
Last year, MTB revenue was $9.00B. In the past 5 year, MTB's revenue has grown by 9.19% per year. This was faster than the Banks - Regional industry average of 7.34%.
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.
Doris P. Meister, Sr. Executive Vice President of MTB, was the latest MTB insider to sell. They sold $164,660.68 worth of MTB shares on Apr 18, 2024.
Research more about who owns MTB shares here.
Does MTB provide a stable income stream?
M&T Bank pays a dividend of 3.54%, compared to the Banks - Regional industry's average dividend yield of 3.82%. If you owned $1,000 worth of MTB stock, you would have received $35.41 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
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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:
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:
- Choose where to buy M&T Bank stock
- Sign up for a brokerage account
- Deposit funds into your brokerage account
- Analyze M&T Bank stock
- Place your MTB trade
- Monitor your investment in MTB
If you need a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get the latest scoop on your investment in M&T Bank, hit the button below to create your watchlist.
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