M&T Bank Corporation $MTB Shares Bought by Raiffeisen Bank International AG

Raiffeisen Bank International AG increased its stake in M&T Bank Corporation (NYSE:MTB) by 126.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,541 shares of the financial services provider’s stock after buying an additional 4,209 shares during the period. Raiffeisen Bank International AG’s holdings in M&T Bank were worth $1,495,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC lifted its holdings in M&T Bank by 2,214.3% during the 2nd quarter. Golden State Wealth Management LLC now owns 162 shares of the financial services provider’s stock worth $31,000 after buying an additional 155 shares during the last quarter. Bank of Jackson Hole Trust raised its position in shares of M&T Bank by 342.9% during the 3rd quarter. Bank of Jackson Hole Trust now owns 155 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 120 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in M&T Bank during the second quarter worth $36,000. Westside Investment Management Inc. boosted 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 worth $39,000 after purchasing an additional 76 shares during the period. Finally, Cullen Frost Bankers Inc. boosted its holdings in M&T Bank by 1,109.5% in the second quarter. Cullen Frost Bankers Inc. now owns 254 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 233 shares during the period. Institutional investors and hedge funds own 84.68% of the company’s stock.

Insider Activity

In other news, Director Kirk W. Walters sold 909 shares of the stock in a transaction that occurred 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 directly owned 5,976 shares in the company, valued at $1,358,763.12. This trade represents a 13.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert E. Sadler, Jr. sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $190.06, for a total transaction of $1,140,360.00. Following the transaction, the director owned 17,070 shares in the company, valued at $3,244,324.20. This represents a 26.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 52,105 shares of company stock worth $11,488,231 in the last 90 days. 0.53% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on MTB. Citigroup raised their price target on shares of M&T Bank from $215.00 to $225.00 and gave the stock a “neutral” rating in a research report on Friday, January 2nd. The Goldman Sachs Group raised their target price on shares of M&T Bank from $230.00 to $231.00 and gave the stock a “neutral” rating in a report on Tuesday, January 20th. Robert W. Baird lifted their target price on M&T Bank from $225.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, December 18th. Wells Fargo & Company increased their price target on M&T Bank from $185.00 to $205.00 and gave the stock an “underweight” rating in a research report on Monday, January 5th. Finally, Jefferies Financial Group raised their price target on M&T Bank from $250.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, M&T Bank currently has an average rating of “Hold” and an average target price of $228.50.

M&T Bank Price Performance

Shares of NYSE:MTB opened at $232.65 on Friday. The firm’s 50 day moving average is $216.54 and its two-hundred day moving average is $200.31. The firm has a market capitalization of $34.66 billion, a P/E ratio of 13.65, a PEG ratio of 1.02 and a beta of 0.60. The company has a current ratio of 0.96, a quick ratio of 0.97 and a debt-to-equity ratio of 0.41. M&T Bank Corporation has a 52 week low of $150.75 and a 52 week high of $239.00.

M&T Bank (NYSE:MTB) last issued its quarterly earnings data 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. M&T Bank had a return on equity of 10.94% and a net margin of 21.55%.The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same period in the previous year, the firm posted $3.77 earnings per share. Analysts anticipate 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 $1.50 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $6.00 annualized dividend and a yield of 2.6%. M&T Bank’s dividend payout ratio 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.