Investors purchased shares of M&T Bank Co. (NYSE:MTB) on weakness during trading hours on Thursday. $41.57 million flowed into the stock on the tick-up and $31.07 million flowed out of the stock on the tick-down, for a money net flow of $10.50 million into the stock. Of all companies tracked, M&T Bank had the 15th highest net in-flow for the day. M&T Bank traded down ($3.47) for the day and closed at $160.32

Several research firms have commented on MTB. Robert W. Baird cut shares of M&T Bank from an “outperform” rating to a “neutral” rating and set a $175.00 target price for the company. in a research report on Thursday, February 21st. Citigroup upped their target price on shares of M&T Bank from $162.00 to $172.00 and gave the stock a “neutral” rating in a research report on Tuesday. ValuEngine upgraded shares of M&T Bank from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Barclays restated a “buy” rating and issued a $207.00 target price on shares of M&T Bank in a research report on Thursday, February 21st. Finally, Wedbush set a $165.00 target price on shares of M&T Bank and gave the stock a “hold” rating in a research report on Friday, January 18th. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. M&T Bank presently has an average rating of “Buy” and a consensus target price of $179.58.

The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $22.68 billion, a PE ratio of 12.47, a P/E/G ratio of 0.89 and a beta of 1.07.

M&T Bank (NYSE:MTB) last posted its quarterly earnings data on Thursday, January 17th. The financial services provider reported $3.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.49 by $0.27. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.50 billion. M&T Bank had a net margin of 29.72% and a return on equity of 14.24%. During the same period last year, the firm posted $2.66 earnings per share. Sell-side analysts expect that M&T Bank Co. will post 14.62 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Monday, March 4th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Friday, March 1st. M&T Bank’s dividend payout ratio (DPR) is presently 31.10%.

In related news, VP Michele D. Trolli sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $173.14, for a total transaction of $865,700.00. Following the completion of the sale, the vice president now directly owns 10,878 shares in the company, valued at $1,883,416.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Darren J. King sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $164.56, for a total transaction of $1,645,600.00. The disclosure for this sale can be found here. Insiders sold 17,766 shares of company stock valued at $2,977,668 over the last quarter. Insiders own 0.54% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in M&T Bank by 2.3% during the fourth quarter. BlackRock Inc. now owns 10,220,602 shares of the financial services provider’s stock worth $1,462,876,000 after buying an additional 234,015 shares in the last quarter. FMR LLC boosted its holdings in M&T Bank by 74.1% during the fourth quarter. FMR LLC now owns 5,947,002 shares of the financial services provider’s stock worth $851,195,000 after buying an additional 2,532,038 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in M&T Bank by 0.8% during the third quarter. JPMorgan Chase & Co. now owns 5,761,927 shares of the financial services provider’s stock worth $948,067,000 after buying an additional 43,529 shares in the last quarter. Geode Capital Management LLC boosted its holdings in M&T Bank by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 2,013,252 shares of the financial services provider’s stock worth $287,704,000 after buying an additional 95,142 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in M&T Bank by 18.3% during the third quarter. Deutsche Bank AG now owns 1,594,602 shares of the financial services provider’s stock worth $262,372,000 after buying an additional 247,005 shares in the last quarter. Hedge funds and other institutional investors own 79.97% of the company’s stock.

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About M&T Bank (NYSE:MTB)

M&T Bank Corporation operates as the holding company for Manufacturers and Traders Trust Company; and Wilmington Trust, National Association that provide banking services. The company's Business Banking segment offers deposits, business loans and leases, and credit cards; and cash management, payroll, and letters of credit services to small businesses and professionals.

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