M&T Bank (MTB) has received a new Buy rating, initiated by Piper Sandler analyst, Scott Siefers.
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Scott Siefers has given his Buy rating due to a combination of factors that highlight M&T Bank’s strong position in the financial sector. He points to the bank’s status as a leading full-service institution, which positions it favorably within the market. The valuation of the bank is deemed attractive, with a price target set at $225, reflecting confidence in the bank’s future earnings potential.
Furthermore, Siefers bases his optimistic outlook on projected earnings per share (EPS) growth over the next few years, with estimates of $16.45 for 2025, $18.31 for 2026, and $19.84 for 2027. This growth trajectory suggests that M&T Bank is expected to perform well financially, supporting the Buy recommendation. However, he also notes potential risks such as economic slowdowns, credit quality issues, and regulatory challenges that could impact the bank’s performance.
In another report released on October 1, RBC Capital also maintained a Buy rating on the stock with a $210.00 price target.
Based on the recent corporate insider activity of 95 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MTB in relation to earlier this year.