Key Points
- Director John Barnes sold 17,866 M&T shares on Jan. 22 at an average price of $220.81 for total proceeds of $3,944,991.46, disclosed in an SEC Form 4 filing.
- The bank reported quarterly EPS of $4.72, beating estimates by $0.25, while shares opened at $213.69 and trade within a one‑year range of $150.75–$222.18; analysts' consensus rating is "Hold" with an average target of $224.24.
- M&T pays a quarterly dividend of $1.50 ($6.00 annualized, ~2.8% yield) with a payout ratio around 35%, and institutional investors own roughly 84.7% of the stock amid recent position increases by several funds.
M&T Bank Corporation (NYSE:MTB - Get Free Report) Director John Barnes sold 17,866 shares of the stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $220.81, for a total transaction of $3,944,991.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
M&T Bank Price Performance
M&T Bank stock opened at $213.69 on Friday. The company's 50 day simple moving average is $202.04 and its 200-day simple moving average is $195.65. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.97 and a current ratio of 0.90. M&T Bank Corporation has a 1 year low of $150.75 and a 1 year high of $222.18. The company has a market capitalization of $32.84 billion, a price-to-earnings ratio of 12.53, a price-to-earnings-growth ratio of 0.96 and a beta of 0.59.
M&T Bank (NYSE:MTB - Get Free Report) last posted its quarterly earnings data 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. M&T Bank had a net margin of 21.55% and a return on equity of 10.94%. The firm had revenue of $2.48 billion during the quarter, compared to analysts' expectations of $2.47 billion. During the same quarter last year, the company posted $3.77 EPS. As a group, equities research analysts expect that M&T Bank Corporation will post 16.57 earnings per share for the current year.
M&T Bank Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 1st were given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Monday, December 1st. M&T Bank's dividend payout ratio (DPR) is currently 35.19%.
Hedge Funds Weigh In On M&T Bank
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Canoe Financial LP increased its stake in shares of M&T Bank by 50.5% during the fourth quarter. Canoe Financial LP now owns 652,744 shares of the financial services provider's stock worth $131,515,000 after buying an additional 219,065 shares during the period. Danske Bank A S purchased a new position in M&T Bank in the third quarter worth approximately $29,612,000. Russell Investments Group Ltd. grew its holdings in M&T Bank by 94.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 292,839 shares of the financial services provider's stock worth $57,879,000 after acquiring an additional 142,593 shares in the last quarter. Adams Diversified Equity Fund Inc. acquired a new position in M&T Bank during the 3rd quarter worth approximately $18,497,000. Finally, SG Americas Securities LLC increased its position in shares of M&T Bank by 932.4% in the 2nd quarter. SG Americas Securities LLC now owns 100,169 shares of the financial services provider's stock valued at $19,432,000 after purchasing an additional 90,466 shares during the last quarter. Hedge funds and other institutional investors own 84.68% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. Wall Street Zen lowered M&T Bank from a "hold" rating to a "sell" rating in a research note on Friday. Wells Fargo & Company lifted their target price on M&T Bank from $185.00 to $205.00 and gave the company an "underweight" rating in a research report on Monday, January 5th. Weiss Ratings reiterated a "buy (b-)" rating on shares of M&T Bank in a research note on Monday, December 29th. Royal Bank Of Canada raised their price objective on shares of M&T Bank from $210.00 to $220.00 and gave the company an "outperform" rating in a research note on Friday, January 16th. Finally, Bank of America restated a "neutral" rating and issued a $225.00 price objective on shares of M&T Bank in a report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $224.24.
View Our Latest Stock Analysis on M&T Bank
About M&T Bank
(
Get Free Report)
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.
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