M&T Bank Corporation declares quarterly preferred stock dividends

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Reviewed by
Shriram SScanX News Team
Key Highlights

M&T Bank Corporation declared quarterly cash dividends on its Series H, J, and K perpetual preferred stocks. The dividends range from $0.3515625 to $187.50 per share and are payable on September 15, 2026 to shareholders of record on September 1, 2026.

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M&T Bank Corporation has declared quarterly cash dividends on three series of its perpetual preferred stock, payable to shareholders of record on September 1, 2026. The dividends will be distributed on September 15, 2026 across Series H, J, and K preferred stocks.

Dividend Details

The declared dividends apply to the following series of preferred stock:

Preferred Stock Series Dividend Rate Dividend Per Share Depositary Share Equivalent
Series H Fixed-to-Floating $0.3515625 N/A
Series J 7.500% $187.50 $0.46875
Series K 6.350% $158.75 $0.396875

Company Profile

M&T is a financial holding company headquartered in Buffalo, New York. Its principal banking subsidiary, M&T Bank, provides banking products and services through a branch and ATM network spanning the eastern U.S. from Maine to Virginia and Washington, D.C. Trust-related services are offered in select markets by M&T's Wilmington Trust-affiliated companies and by M&T Bank.

Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

How might M&T Bank's current capital position influence future dividend adjustments for these preferred stock series?

What impact could the Federal Reserve's interest rate policy have on the fixed-to-floating rate of Series H preferred stock?

Will M&T Bank consider issuing additional preferred stock series in the near term to bolster its capital reserves?

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UBS raises M&T Bank target to $252

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Reviewed by
Radhika SScanX News Team
Key Highlights

UBS analyst Erika Najarian maintained a Neutral rating on M&T Bank and raised the price target to $252 from $225. This follows similar target increases by Evercore, JP Morgan, Baird, Wells Fargo, and Morgan Stanley.

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UBS analyst Erika Najarian maintained a Neutral rating on M&T Bank and raised the price target to $252 from $225. This adjustment adds to a series of recent valuation updates for the financial institution. Evercore ISI Group analyst John Pancari maintained an In-Line rating and raised the price target to $260 from $225. JP Morgan analyst Andrew Dietrich previously maintained a Neutral rating and raised the price target to $251.5 from $227. Baird analyst David George downgraded the stock from Outperform to Neutral with a price target of $240. Wells Fargo analyst Mike Mayo maintained an Underweight rating and raised the price target to $215 from $205. M&T Bank shares closed at $238.88 on Thursday.

The divergent analyst views highlight shifting valuations for M&T Bank. Wells Fargo's Underweight stance suggests the stock is expected to underperform relative to the broader market sector, while Baird's move to Neutral indicates an expectation of in-line performance. JP Morgan's Neutral rating aligns with a view of balanced risk and reward at the new price level. Evercore's In-Line rating similarly suggests performance consistent with the market.

Firm Rating Price Target
Wells Fargo Underweight $215
Baird Neutral $240
UBS Neutral $252
JP Morgan Neutral $251.5
Morgan Stanley Equal-Weight $253
Evercore ISI Group In-Line $260

Morgan Stanley analyst Manan Gosalia previously maintained an Equal-Weight rating and raised the price target to $253 from $245. M&T Bank trades on the NYSE under the ticker MTB.

Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

What factors are driving the divergence in analyst ratings for M&T Bank?

How might M&T Bank's recent performance influence future analyst adjustments?

What potential market conditions could lead to further price target revisions?

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