Quantitative Investment Management LLC Acquires New Stake in M&T Bank Corporation $MTB

Quantitative Investment Management LLC bought a new position in shares of M&T Bank Corporation (NYSE:MTB) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,246 shares of the financial services provider’s stock, valued at approximately $1,248,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MTB. Bogart Wealth LLC increased its stake in shares of M&T Bank by 233.3% in the first quarter. Bogart Wealth LLC now owns 120 shares of the financial services provider’s stock valued at $25,000 after buying an additional 84 shares during the period. First Bancorp Inc ME acquired a new position in shares of M&T Bank in the second quarter worth approximately $25,000. Triumph Capital Management acquired a new position in shares of M&T Bank in the third quarter worth approximately $32,000. Elyxium Wealth LLC bought a new stake in M&T Bank in the fourth quarter valued at approximately $33,000. Finally, Bank of Jackson Hole Trust boosted its holdings in M&T Bank by 38.7% in the fourth quarter. Bank of Jackson Hole Trust now owns 215 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 60 shares during the last quarter. 84.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on MTB. Royal Bank Of Canada raised their price target on shares of M&T Bank from $230.00 to $255.00 and gave the stock an “outperform” rating in a report on Thursday, July 16th. Barclays upped their price objective on shares of M&T Bank from $236.00 to $267.00 and gave the company an “equal weight” rating in a research note on Thursday, July 16th. Morgan Stanley increased their price objective on shares of M&T Bank from $245.00 to $253.00 and gave the stock an “equal weight” rating in a research report on Monday, June 29th. Deutsche Bank Aktiengesellschaft downgraded shares of M&T Bank from a “buy” rating to a “hold” rating and set a $250.00 target price for the company. in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company upped their price target on shares of M&T Bank from $215.00 to $224.00 and gave the company an “underweight” rating in a research report on Thursday, July 16th. Seven equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, M&T Bank currently has a consensus rating of “Hold” and a consensus price target of $253.43.

M&T Bank Price Performance

Shares of MTB opened at $233.68 on Tuesday. The firm has a market cap of $33.75 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 1.10 and a beta of 0.57. M&T Bank Corporation has a 52-week low of $174.76 and a 52-week high of $255.95. The business’s 50 day moving average price is $244.71 and its two-hundred day moving average price is $225.75. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.96 and a current ratio of 0.96.

M&T Bank (NYSE:MTB) last issued its earnings results on Wednesday, July 15th. The financial services provider reported $5.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.66 by $0.69. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.46 billion. M&T Bank had a net margin of 22.72% and a return on equity of 11.80%. During the same period in the prior year, the firm earned $4.28 earnings per share. On average, equities analysts anticipate that M&T Bank Corporation will post 19.43 EPS for the current year.

M&T Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 1st will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 1st. M&T Bank’s dividend payout ratio is 31.68%.

Insider Activity at M&T Bank

In other news, Director Rudina Seseri sold 623 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $241.04, for a total value of $150,167.92. Following the completion of the sale, the director directly owned 3,649 shares in the company, valued at $879,554.96. This trade represents a 14.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.44% of the stock is currently owned by corporate insiders.

M&T Bank 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.