M&T Bank Corporation $MTB Shares Purchased by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT boosted its holdings in M&T Bank Corporation (NYSE:MTB) by 32.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,639 shares of the financial services provider’s stock after acquiring an additional 2,626 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in M&T Bank were worth $2,102,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC increased its holdings in shares of M&T Bank by 2,214.3% in the 2nd quarter. Golden State Wealth Management LLC now owns 162 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 155 shares in the last quarter. Bank of Jackson Hole Trust boosted its holdings in M&T Bank by 342.9% during the third quarter. Bank of Jackson Hole Trust now owns 155 shares of the financial services provider’s stock worth $31,000 after buying an additional 120 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in M&T Bank during the second quarter worth about $36,000. Westside Investment Management Inc. increased its holdings in M&T Bank by 61.8% in the third quarter. Westside Investment Management Inc. now owns 199 shares of the financial services provider’s stock valued at $39,000 after buying an additional 76 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new stake in shares of M&T Bank during the 3rd quarter valued at approximately $61,000. 84.68% of the stock is currently owned by hedge funds and other institutional investors.

M&T Bank Trading Up 2.0%

Shares of MTB stock opened at $222.87 on Thursday. The company has a market capitalization of $33.21 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 0.96 and a beta of 0.60. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.41. The firm has a 50-day moving average price of $217.50 and a 200 day moving average price of $201.05. M&T Bank Corporation has a twelve month low of $150.75 and a twelve month high of $239.00.

M&T Bank (NYSE:MTB) last released its quarterly earnings results on Friday, January 16th. The financial services provider reported $4.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.47 by $0.25. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $2.47 billion. M&T Bank had a net margin of 21.55% and a return on equity of 10.94%. During the same period last year, the company earned $3.77 EPS. Research analysts forecast that M&T Bank Corporation will post 16.57 earnings per share for the current fiscal year.

M&T Bank Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 2nd will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, March 2nd. M&T Bank’s payout ratio is presently 35.19%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on MTB shares. Wall Street Zen lowered M&T Bank from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Truist Financial set a $230.00 target price on M&T Bank in a research report on Tuesday, January 20th. TD Cowen restated a “buy” rating on shares of M&T Bank in a research report on Wednesday, January 7th. Royal Bank Of Canada boosted their price objective on shares of M&T Bank from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, January 16th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of M&T Bank in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $228.50.

Insider Buying and Selling at M&T Bank

In other news, Director Kirk W. Walters sold 909 shares of M&T Bank stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $227.37, for a total value of $206,679.33. Following the completion of the sale, the director owned 5,976 shares of the company’s stock, valued at $1,358,763.12. The trade was a 13.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Gary N. Geisel sold 887 shares of the company’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $215.79, for a total value of $191,405.73. Following the completion of the transaction, the insider owned 16,446 shares of the company’s stock, valued at $3,548,882.34. The trade was a 5.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 40,855 shares of company stock worth $9,341,446. Insiders own 0.53% of the company’s stock.

About M&T Bank

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.