B. Metzler seel. Sohn & Co. AG Boosts Position in M&T Bank Corporation $MTB

B. Metzler seel. Sohn & Co. AG boosted its holdings in M&T Bank Corporation (NYSE:MTB) by 101.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,910 shares of the financial services provider’s stock after purchasing an additional 16,101 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in M&T Bank were worth $6,306,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Natixis Advisors LLC increased its position in shares of M&T Bank by 12.6% during the third quarter. Natixis Advisors LLC now owns 233,650 shares of the financial services provider’s stock worth $46,174,000 after purchasing an additional 26,068 shares in the last quarter. Ameriflex Group Inc. boosted its position in shares of M&T Bank by 82.4% in the 3rd quarter. Ameriflex Group Inc. now owns 186 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 84 shares during the period. Foster Dykema Cabot & Partners LLC boosted its position in shares of M&T Bank by 34.9% in the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 3,377 shares of the financial services provider’s stock valued at $667,000 after purchasing an additional 874 shares during the period. Strive Asset Management LLC purchased a new position in M&T Bank during the 3rd quarter worth approximately $1,976,000. Finally, Fisher Asset Management LLC increased its position in M&T Bank by 64.0% during the third quarter. Fisher Asset Management LLC now owns 36,215 shares of the financial services provider’s stock worth $7,157,000 after buying an additional 14,135 shares during the period. Institutional investors and hedge funds own 84.68% of the company’s stock.

M&T Bank Price Performance

M&T Bank stock opened at $210.43 on Monday. The company has a market cap of $31.35 billion, a P/E ratio of 12.34, a price-to-earnings-growth ratio of 0.92 and a beta of 0.58. M&T Bank Corporation has a one year low of $150.75 and a one year high of $239.00. The business has a fifty day moving average of $219.16 and a two-hundred day moving average of $202.45. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.96 and a current ratio of 0.96.

M&T Bank (NYSE:MTB) last posted its quarterly earnings results on Friday, January 16th. The financial services provider reported $4.72 earnings per share for the quarter, topping analysts’ consensus estimates of $4.47 by $0.25. The business 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 in the prior year, the company posted $3.77 EPS. As a group, analysts predict that M&T Bank Corporation will post 16.57 earnings per share for the current fiscal 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 of this dividend is Monday, March 2nd. This represents a $6.00 dividend on an annualized basis and a yield of 2.9%. M&T Bank’s payout ratio is currently 35.19%.

Insider Activity at M&T Bank

In other M&T Bank news, EVP Michael A. Wisler sold 8,237 shares of the stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $223.48, for a total value of $1,840,804.76. Following the completion of the transaction, the executive vice president directly owned 4,643 shares of the company’s stock, valued at approximately $1,037,617.64. This trade represents a 63.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kirk W. Walters sold 909 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $227.37, for a total value of $206,679.33. Following the completion of the transaction, the director owned 5,976 shares of the company’s stock, valued at approximately $1,358,763.12. This represents a 13.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 49,092 shares of company stock worth $11,182,250 in the last ninety days. Corporate insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods increased their price target on shares of M&T Bank from $220.00 to $230.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 17th. TD Cowen reissued a “buy” rating on shares of M&T Bank in a report on Wednesday, January 7th. The Goldman Sachs Group boosted their price target on M&T Bank from $230.00 to $231.00 and gave the company a “neutral” rating in a research report on Tuesday, January 20th. Wolfe Research downgraded M&T Bank from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th. Finally, Evercore cut M&T Bank from an “outperform” rating to a “hold” rating and increased their price objective for the stock from $210.00 to $225.00 in a research report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, M&T Bank currently has a consensus rating of “Hold” and an average price target of $232.87.

M&T Bank Company 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.