E. Ohman J or Asset Management AB Purchases New Shares in M&T Bank Corporation $MTB

E. Ohman J or Asset Management AB acquired a new stake in shares of M&T Bank Corporation (NYSE:MTB) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,534 shares of the financial services provider’s stock, valued at approximately $1,115,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MTB. Empowered Funds LLC lifted its holdings in shares of M&T Bank by 11.9% in the 1st quarter. Empowered Funds LLC now owns 3,396 shares of the financial services provider’s stock valued at $607,000 after acquiring an additional 362 shares during the last quarter. Woodline Partners LP increased its stake in M&T Bank by 40.7% during the first quarter. Woodline Partners LP now owns 14,018 shares of the financial services provider’s stock worth $2,506,000 after acquiring an additional 4,054 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in M&T Bank during the second quarter valued at approximately $36,000. EverSource Wealth Advisors LLC raised its position in M&T Bank by 41.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,386 shares of the financial services provider’s stock valued at $269,000 after purchasing an additional 404 shares during the period. Finally, Marshall Wace LLP lifted its stake in shares of 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 during the last quarter. 84.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MTB has been the topic of several analyst reports. UBS Group boosted their target price on M&T Bank from $217.00 to $230.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Wells Fargo & Company lifted their price objective on shares of M&T Bank from $185.00 to $205.00 and gave the stock an “underweight” rating in a research note on Monday, January 5th. JPMorgan Chase & Co. increased their target price on shares of M&T Bank from $217.00 to $244.50 and gave the company a “neutral” rating in a research note on Monday, February 9th. Wolfe Research lowered shares of M&T Bank from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. Finally, Bank of America reaffirmed a “neutral” rating and set a $225.00 price target on shares of M&T Bank in a research note on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $232.87.

Insider Activity at M&T Bank

In other news, Director Kirk W. Walters sold 909 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $227.37, for a total transaction of $206,679.33. Following the transaction, the director directly owned 5,976 shares of the company’s stock, valued at approximately $1,358,763.12. This trade represents a 13.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael A. Wisler sold 8,237 shares of M&T Bank stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $223.48, for a total transaction of $1,840,804.76. Following the sale, the executive vice president directly owned 4,643 shares of the company’s stock, valued at $1,037,617.64. This represents a 63.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 49,092 shares of company stock worth $11,182,250. Corporate insiders own 0.44% of the company’s stock.

M&T Bank Stock Performance

Shares of M&T Bank stock opened at $204.90 on Thursday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.41. The stock’s fifty day moving average is $217.33 and its two-hundred day moving average is $202.53. M&T Bank Corporation has a 52 week low of $150.75 and a 52 week high of $239.00. The company has a market capitalization of $30.53 billion, a PE ratio of 12.02, a price-to-earnings-growth ratio of 0.89 and a beta of 0.58.

M&T Bank (NYSE:MTB) last released its earnings results on Friday, January 16th. The financial services provider reported $4.72 earnings per share for the quarter, topping the consensus estimate of $4.47 by $0.25. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $2.47 billion. M&T Bank had a return on equity of 10.94% and a net margin of 21.55%.During the same period last year, the company earned $3.77 earnings per share. As a group, analysts expect that M&T Bank Corporation will post 16.57 earnings per share for the current year.

M&T Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 2nd will be issued a dividend of $1.50 per share. The ex-dividend date is Monday, March 2nd. This represents a $6.00 dividend on an annualized basis and a yield of 2.9%. M&T Bank’s dividend payout ratio (DPR) is presently 35.19%.

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.