Signaturefd LLC Purchases 119 Shares of M&T Bank Co. (NYSE:MTB)

Signaturefd LLC grew its position in shares of M&T Bank Co. (NYSE:MTB) by 7.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,648 shares of the financial services provider’s stock after buying an additional 119 shares during the period. Signaturefd LLC’s holdings in M&T Bank were worth $226,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. AE Wealth Management LLC increased its position in shares of M&T Bank by 60.6% in the third quarter. AE Wealth Management LLC now owns 6,165 shares of the financial services provider’s stock worth $780,000 after purchasing an additional 2,327 shares during the period. Avior Wealth Management LLC increased its position in shares of M&T Bank by 852.9% in the third quarter. Avior Wealth Management LLC now owns 324 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 290 shares during the period. Czech National Bank increased its position in shares of M&T Bank by 47.7% in the third quarter. Czech National Bank now owns 28,995 shares of the financial services provider’s stock worth $3,666,000 after purchasing an additional 9,359 shares during the period. HGK Asset Management Inc. bought a new position in shares of M&T Bank in the third quarter worth $5,387,000. Finally, Commonwealth Equity Services LLC increased its position in shares of M&T Bank by 1.9% in the third quarter. Commonwealth Equity Services LLC now owns 85,000 shares of the financial services provider’s stock worth $10,748,000 after purchasing an additional 1,583 shares during the period. Institutional investors own 84.68% of the company’s stock.

Insider Buying and Selling

In related news, EVP Doris P. Meister sold 1,675 shares of M&T Bank stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $137.91, for a total value of $230,999.25. Following the transaction, the executive vice president now directly owns 8,961 shares of the company’s stock, valued at $1,235,811.51. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP Doris P. Meister sold 1,675 shares of M&T Bank stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $137.91, for a total value of $230,999.25. Following the transaction, the executive vice president now directly owns 8,961 shares of the company’s stock, valued at $1,235,811.51. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Doris P. Meister sold 1,638 shares of M&T Bank stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $138.21, for a total value of $226,387.98. Following the completion of the transaction, the executive vice president now directly owns 3,362 shares in the company, valued at $464,662.02. The disclosure for this sale can be found here. Insiders have sold a total of 37,119 shares of company stock valued at $5,341,012 over the last ninety days. 0.82% of the stock is owned by company insiders.

M&T Bank Stock Performance

NYSE:MTB opened at $146.38 on Friday. The stock has a market cap of $24.39 billion, a P/E ratio of 9.90, a price-to-earnings-growth ratio of 1.23 and a beta of 0.80. The company has a current ratio of 0.94, a quick ratio of 0.99 and a debt-to-equity ratio of 0.46. The stock’s 50-day moving average is $141.00 and its 200-day moving average is $133.82. M&T Bank Co. has a 1-year low of $108.53 and a 1-year high of $148.93.

M&T Bank (NYSE:MTB) last released its quarterly earnings results on Monday, April 15th. The financial services provider reported $3.02 earnings per share for the quarter, missing the consensus estimate of $3.13 by ($0.11). The firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.26 billion. M&T Bank had a return on equity of 10.68% and a net margin of 19.52%. During the same quarter last year, the firm posted $4.09 earnings per share. Equities research analysts anticipate that M&T Bank Co. will post 13.92 earnings per share for the current year.

M&T Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 4th were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date was Friday, March 1st. M&T Bank’s dividend payout ratio is currently 35.16%.

Analyst Ratings Changes

A number of brokerages recently commented on MTB. Jefferies Financial Group decreased their price target on M&T Bank from $154.00 to $151.00 and set a “hold” rating on the stock in a research report on Monday, April 8th. UBS Group raised their price target on M&T Bank from $139.00 to $154.00 in a research report on Wednesday, January 17th. StockNews.com upgraded M&T Bank from a “sell” rating to a “hold” rating in a research report on Thursday. Bank of America lifted their target price on M&T Bank from $157.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. lifted their target price on M&T Bank from $170.00 to $180.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $158.48.

M&T Bank Profile

M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that engages in the provision of retail and commercial banking products and services in the United States. The company operates through three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management.