Oregon Public Employees Retirement Fund Increases Stock Position in M&T Bank Corporation $MTB

Oregon Public Employees Retirement Fund lifted its holdings in shares of M&T Bank Corporation (NYSE:MTB) by 29.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,875 shares of the financial services provider’s stock after purchasing an additional 4,037 shares during the period. Oregon Public Employees Retirement Fund’s holdings in M&T Bank were worth $3,532,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MTB. Canoe Financial LP increased its position in M&T Bank by 24,443.7% during the second quarter. Canoe Financial LP now owns 295,506 shares of the financial services provider’s stock worth $57,325,000 after buying an additional 294,302 shares in the last quarter. Adams Diversified Equity Fund Inc. acquired a new stake in shares of M&T Bank during the third quarter valued at $18,497,000. SG Americas Securities LLC increased its position in M&T Bank by 932.4% during the 2nd quarter. SG Americas Securities LLC now owns 100,169 shares of the financial services provider’s stock worth $19,432,000 after purchasing an additional 90,466 shares in the last quarter. Cooke & Bieler LP raised its stake in M&T Bank by 18.1% in the 2nd quarter. Cooke & Bieler LP now owns 318,930 shares of the financial services provider’s stock valued at $61,869,000 after purchasing an additional 48,870 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in M&T Bank by 6.2% in the 2nd quarter. Marshall Wace LLP now owns 584,438 shares of the financial services provider’s stock valued at $113,375,000 after purchasing an additional 33,920 shares in the last quarter. Hedge funds and other institutional investors own 84.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Robert W. Baird lifted their price target on shares of M&T Bank from $225.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. Bank of America reaffirmed a “neutral” rating and issued a $225.00 target price on shares of M&T Bank in a research note on Wednesday, January 7th. Piper Sandler assumed coverage on M&T Bank in a report on Monday, October 6th. They issued an “overweight” rating and a $225.00 price target for the company. Weiss Ratings restated a “buy (b-)” rating on shares of M&T Bank in a report on Monday, December 29th. Finally, Jefferies Financial Group upped their target price on M&T Bank from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $221.18.

Insider Activity at M&T Bank

In related news, EVP Christopher E. Kay sold 5,250 shares of M&T Bank stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $191.70, for a total transaction of $1,006,425.00. Following the transaction, the executive vice president owned 5,501 shares in the company, valued at approximately $1,054,541.70. The trade was a 48.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert E. Sadler, Jr. sold 6,000 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $190.06, for a total transaction of $1,140,360.00. Following the sale, the director directly owned 17,070 shares of the company’s stock, valued at approximately $3,244,324.20. This trade represents a 26.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.53% of the company’s stock.

M&T Bank Trading Down 0.9%

MTB stock opened at $211.75 on Monday. The company has a market cap of $32.54 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 0.93 and a beta of 0.59. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.49. The business has a fifty day simple moving average of $196.48 and a 200-day simple moving average of $194.56. M&T Bank Corporation has a 52 week low of $150.75 and a 52 week high of $215.49.

M&T Bank (NYSE:MTB) last issued its earnings results on Wednesday, March 9th. The financial services provider reported $3.54 earnings per share for the quarter. The firm had revenue of $1.54 billion for the quarter. M&T Bank had a return on equity of 10.62% and a net margin of 20.91%. On average, equities research analysts expect that M&T Bank Corporation will post 16.57 EPS for the current year.

M&T Bank Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 1st were given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Monday, December 1st. M&T Bank’s dividend payout ratio is 36.95%.

M&T Bank Profile

M&T Bank Corporation is a bank holding company headquartered in Buffalo, New York, that provides a broad range of banking and financial services to individuals, businesses and institutions. The company operates a commercial and retail banking franchise that includes deposit-taking, lending, and payment services delivered through branch networks, digital channels and commercial banking teams. M&T serves customers across the northeastern and mid‑Atlantic United States and has expanded its geographic footprint through strategic acquisitions.

Its core businesses include commercial banking for middle‑market and community businesses, consumer and retail banking, mortgage origination and servicing, treasury and cash management, and wealth management and trust services.