Nykredit A S Takes Position in M&T Bank Corporation $MTB

Nykredit A S bought a new position in M&T Bank Corporation (NYSE:MTB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 66,227 shares of the financial services provider’s stock, valued at approximately $15,763,000.

A number of other hedge funds have also made changes to their positions in MTB. Commonwealth Retirement Investments LLC boosted its position in M&T Bank by 0.4% in the fourth quarter. Commonwealth Retirement Investments LLC now owns 10,991 shares of the financial services provider’s stock valued at $2,214,000 after buying an additional 44 shares in the last quarter. Wedbush Securities Inc. increased its holdings in shares of M&T Bank by 2.4% during the fourth quarter. Wedbush Securities Inc. now owns 2,223 shares of the financial services provider’s stock worth $448,000 after buying an additional 52 shares in the last quarter. CX Institutional raised its stake in shares of M&T Bank by 3.4% in the second quarter. CX Institutional now owns 1,650 shares of the financial services provider’s stock valued at $393,000 after acquiring an additional 54 shares during the last quarter. Bank of Jackson Hole Trust raised its stake in shares of 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. Finally, Thoroughbred Financial Services LLC boosted its holdings in shares of M&T Bank by 2.1% in the 4th quarter. Thoroughbred Financial Services LLC now owns 3,465 shares of the financial services provider’s stock worth $698,000 after acquiring an additional 70 shares in the last quarter. Institutional investors and hedge funds own 84.68% of the company’s stock.

M&T Bank Stock Down 0.0%

Shares of NYSE:MTB opened at $240.05 on Friday. M&T Bank Corporation has a one year low of $174.76 and a one year high of $255.95. The company has a 50 day moving average of $244.88 and a 200-day moving average of $225.94. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market cap of $34.67 billion, a price-to-earnings ratio of 12.67, a P/E/G ratio of 1.36 and a beta of 0.56.

M&T Bank (NYSE:MTB) last posted its quarterly earnings results on Wednesday, July 15th. The financial services provider reported $5.35 earnings per share for the quarter, topping analysts’ consensus estimates of $4.66 by $0.69. M&T Bank had a net margin of 22.72% and a return on equity of 11.80%. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the previous year, the firm posted $4.28 earnings per share. On average, sell-side analysts forecast that M&T Bank Corporation will post 19.43 earnings per share for the current year.

M&T Bank Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 1st will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Tuesday, September 1st. M&T Bank’s dividend payout ratio (DPR) is currently 31.68%.

Analysts Set New Price Targets

MTB has been the subject of several research analyst reports. Evercore set a $260.00 price objective on M&T Bank in a research report on Monday, July 6th. UBS Group raised their target price on M&T Bank from $252.00 to $255.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Wells Fargo & Company lifted their price target on M&T Bank from $215.00 to $224.00 and gave the company an “underweight” rating in a report on Thursday, July 16th. DA Davidson upped their price target on shares of M&T Bank from $263.00 to $266.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of M&T Bank in a report on Tuesday. Seven analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $253.43.

Insider Activity at M&T Bank

In related news, Director Rudina Seseri sold 623 shares of the company’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 owned 3,649 shares in the company, valued at approximately $879,554.96. This represents a 14.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.44% of the stock is currently owned by company insiders.

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.