Semanteon Capital Management LP Buys Shares of 1,609 M&T Bank Co. (NYSE:MTB)

Semanteon Capital Management LP acquired a new position in shares of M&T Bank Co. (NYSE:MTB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,609 shares of the financial services provider’s stock, valued at approximately $221,000.

Other large investors also recently made changes to their positions in the company. BKM Wealth Management LLC bought a new stake in shares of M&T Bank during the fourth quarter worth $32,000. Headinvest LLC bought a new stake in shares of M&T Bank during the third quarter worth $29,000. CVA Family Office LLC bought a new stake in shares of M&T Bank during the fourth quarter worth $33,000. Planned Solutions Inc. bought a new stake in shares of M&T Bank during the fourth quarter worth $33,000. Finally, Creative Financial Designs Inc. ADV bought a new stake in shares of M&T Bank during the fourth quarter worth $33,000. Institutional investors own 84.68% of the company’s stock.

Insider Buying and Selling

In other M&T Bank news, EVP Doris P. Meister sold 1,638 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $138.21, for a total value of $226,387.98. Following the transaction, the executive vice president now directly owns 3,362 shares of the company’s stock, valued at approximately $464,662.02. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other M&T Bank news, Director Kirk W. Walters sold 28,845 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $145.00, for a total value of $4,182,525.00. Following the transaction, the director now directly owns 6,367 shares of the company’s stock, valued at approximately $923,215. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Doris P. Meister sold 1,638 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $138.21, for a total transaction of $226,387.98. Following the completion of the sale, the executive vice president now owns 3,362 shares in the company, valued at $464,662.02. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,119 shares of company stock valued at $5,341,012. 0.82% of the stock is owned by company insiders.

M&T Bank Stock Performance

NYSE MTB opened at $146.38 on Friday. The firm has a 50-day moving average of $141.00 and a 200-day moving average of $133.77. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.99 and a current ratio of 0.94. The stock has a market cap of $24.39 billion, a PE ratio of 9.90, a P/E/G ratio of 1.23 and a beta of 0.80. M&T Bank Co. has a 52-week low of $108.53 and a 52-week high of $148.93.

M&T Bank (NYSE:MTB) last released its quarterly earnings results on Monday, April 15th. The financial services provider reported $3.02 EPS for the quarter, missing analysts’ consensus estimates of $3.13 by ($0.11). M&T Bank had a return on equity of 10.68% and a net margin of 19.52%. The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the prior year, the business posted $4.09 earnings per share. On average, sell-side analysts anticipate that M&T Bank Co. will post 13.92 EPS for the current year.

M&T Bank Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 4th were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend was Friday, March 1st. M&T Bank’s dividend payout ratio is 35.16%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MTB shares. StockNews.com raised shares of M&T Bank from a “sell” rating to a “hold” rating in a research report on Thursday. Bank of America increased their target price on shares of M&T Bank from $157.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Morgan Stanley increased their target price on shares of M&T Bank from $160.00 to $179.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. Barclays increased their target price on shares of M&T Bank from $150.00 to $170.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Finally, Wedbush restated an “outperform” rating and set a $170.00 target price on shares of M&T Bank in a report on Wednesday, April 10th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $158.48.

M&T Bank Company Profile

M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that engages in the provision of retail and commercial banking products and services in the United States. The company operates through three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management.