M&T Bank Co. (NYSE:MTB) Shares Purchased by Private Advisor Group LLC

Private Advisor Group LLC raised its holdings in M&T Bank Co. (NYSE:MTBFree Report) by 0.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,341 shares of the financial services provider’s stock after purchasing an additional 172 shares during the quarter. Private Advisor Group LLC’s holdings in M&T Bank were worth $3,831,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. HHM Wealth Advisors LLC acquired a new position in M&T Bank in the 4th quarter valued at about $25,000. General Partner Inc. purchased a new position in shares of M&T Bank in the 1st quarter valued at approximately $27,000. BKM Wealth Management LLC acquired a new position in shares of M&T Bank in the fourth quarter valued at approximately $32,000. Headinvest LLC acquired a new position in shares of M&T Bank in the third quarter valued at approximately $29,000. Finally, CVA Family Office LLC purchased a new stake in shares of M&T Bank during the fourth quarter worth approximately $33,000. 84.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at M&T Bank

In related news, Director John P. Barnes sold 43,426 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $154.50, for a total transaction of $6,709,317.00. Following the sale, the director now owns 35,480 shares of the company’s stock, valued at $5,481,660. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other M&T Bank news, Director Kirk W. Walters sold 16,179 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $148.01, for a total value of $2,394,653.79. Following the completion of the transaction, the director now directly owns 6,348 shares in the company, valued at approximately $939,567.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John P. Barnes sold 43,426 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $154.50, for a total value of $6,709,317.00. Following the sale, the director now owns 35,480 shares in the company, valued at approximately $5,481,660. The disclosure for this sale can be found here. Insiders sold a total of 97,553 shares of company stock valued at $14,724,147 over the last three months. 0.82% of the stock is currently owned by insiders.

Analyst Ratings Changes

MTB has been the topic of several recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of M&T Bank from $170.00 to $180.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Evercore ISI boosted their price target on shares of M&T Bank from $157.00 to $168.00 and gave the stock an “in-line” rating in a research note on Tuesday, June 25th. DA Davidson reissued a “neutral” rating and set a $159.00 price target on shares of M&T Bank in a report on Tuesday, April 16th. Wells Fargo & Company lifted their price objective on M&T Bank from $145.00 to $150.00 and gave the company an “equal weight” rating in a report on Tuesday, April 16th. Finally, Jefferies Financial Group boosted their target price on M&T Bank from $160.00 to $161.00 and gave the stock a “hold” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $161.58.

View Our Latest Report on MTB

M&T Bank Price Performance

M&T Bank stock opened at $146.49 on Friday. The firm has a market capitalization of $24.44 billion, a PE ratio of 9.90, a P/E/G ratio of 2.88 and a beta of 0.77. M&T Bank Co. has a 52 week low of $108.53 and a 52 week high of $156.65. The firm’s 50-day simple moving average is $148.58 and its 200 day simple moving average is $142.30. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.46.

M&T Bank (NYSE:MTBGet Free Report) last released its quarterly earnings results on Monday, April 15th. The financial services provider reported $3.02 EPS for the quarter, missing the consensus estimate of $3.13 by ($0.11). M&T Bank had a net margin of 19.52% and a return on equity of 10.68%. The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the prior year, the company earned $4.09 earnings per share. On average, equities research analysts predict that M&T Bank Co. will post 13.99 EPS for the current fiscal year.

M&T Bank Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 3rd were given a dividend of $1.35 per share. This is an increase from M&T Bank’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $5.40 annualized dividend and a yield of 3.69%. M&T Bank’s dividend payout ratio (DPR) is presently 36.51%.

M&T Bank Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for M&T Bank (NYSE:MTB)

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