M&T Bank Corporation $MTB Stock Position Lessened by Reinhart Partners LLC.

Reinhart Partners LLC. lowered its position in shares of M&T Bank Corporation (NYSE:MTB) by 14.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,524 shares of the financial services provider’s stock after selling 2,384 shares during the period. Reinhart Partners LLC.’s holdings in M&T Bank were worth $3,160,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp acquired a new stake in M&T Bank during the 2nd quarter worth approximately $330,978,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in M&T Bank by 2.6% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,060,517 shares of the financial services provider’s stock worth $252,414,000 after buying an additional 26,486 shares during the period. Davis Asset Management L.P. acquired a new stake in shares of M&T Bank during the second quarter worth $97,584,000. Hsbc Holdings PLC lifted its holdings in shares of M&T Bank by 18.9% during the second quarter. Hsbc Holdings PLC now owns 396,157 shares of the financial services provider’s stock worth $94,364,000 after buying an additional 62,877 shares in the last quarter. Finally, Amundi boosted its position in shares of M&T Bank by 7.7% in the second quarter. Amundi now owns 388,916 shares of the financial services provider’s stock valued at $92,566,000 after acquiring an additional 27,795 shares during the period. Institutional investors own 84.68% of the company’s stock.

Key Headlines Impacting M&T Bank

Here are the key news stories impacting M&T Bank this week:

• Positive Sentiment: Raymond James initiated coverage with an “outperform” rating and a $250 price target, implying substantial upside from the reference price. The call reflects confidence in M&T Bank’s earnings outlook and valuation. M&T Bank Stock Bumped Up to Moderate Buy by Raymond James Financial
• Positive Sentiment: Zacks said M&T Bank has the key factors needed for a potential earnings beat in its forthcoming report, raising expectations ahead of the release. A stronger-than-expected result could support the shares. M&T Bank Corporation Earnings Expected to Grow
• Neutral Sentiment: TD Cowen began coverage with a “hold” rating and a $245 price target. Although the target indicates potential upside, the neutral recommendation suggests the firm wants to see additional evidence from earnings or operating trends before becoming more constructive.
• Neutral Sentiment: M&T Bank is expected to announce quarterly earnings on Friday, making the report the primary near-term catalyst. Investors will focus on revenue, net interest income, credit quality and management’s outlook. M&T Bank Expected to Announce Earnings on Friday

Wall Street Analysts Forecast Growth

MTB has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft downgraded shares of M&T Bank from a “buy” rating to a “hold” rating and set a $250.00 price objective for the company. in a report on Thursday, July 23rd. Royal Bank Of Canada lifted their price target on shares of M&T Bank from $230.00 to $255.00 and gave the company an “outperform” rating in a research report on Thursday, July 16th. Barclays boosted their price target on 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. Truist Financial reduced their price target on M&T Bank from $268.00 to $250.00 and set a “hold” rating on the stock in a research report on Wednesday, September 23rd. Finally, Robert W. Baird raised their price objective on M&T Bank from $240.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Eight investment 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $250.21.

M&T Bank Price Performance

MTB stock opened at $217.32 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.53. M&T Bank Corporation has a 12 month low of $174.76 and a 12 month high of $255.95. The firm has a market cap of $31.39 billion, a P/E ratio of 11.47, a P/E/G ratio of 1.23 and a beta of 0.61. The company’s 50-day moving average price is $235.29 and its two-hundred day moving average price is $228.02.

M&T Bank (NYSE:MTB) last issued 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 company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the prior year, the firm posted $4.28 EPS. On average, analysts anticipate that M&T Bank Corporation will post 19.42 earnings per share for the current fiscal year.

M&T Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 1st were given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 2.8%. The ex-dividend date was Tuesday, September 1st. M&T Bank’s payout ratio is currently 31.68%.

Insider Activity at M&T Bank

In other M&T Bank news, Director Rudina Seseri sold 623 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $241.04, for a total value of $150,167.92. Following the sale, the director owned 3,649 shares of the company’s stock, valued at approximately $879,554.96. This trade represents a 14.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Rene F. Jones sold 19,396 shares of M&T Bank stock in a transaction on Monday, September 14th. The shares were sold at an average price of $239.35, for a total value of $4,642,432.60. Following the completion of the transaction, the chief executive officer owned 103,831 shares in the company, valued at approximately $24,851,949.85. The trade was a 15.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 20,028 shares of company stock valued at $4,794,884. Company insiders own 0.44% of the company’s stock.

M&T Bank Profile

M&T Bank Corporation is a regional financial services company headquartered in Buffalo, New York. Founded in 1856, the company operates primarily through its M&T Bank subsidiary and serves consumers, businesses, institutions and government entities.

M&T Bank provides a range of banking products and services, including checking and savings accounts, consumer lending, residential mortgages, credit cards, commercial loans, treasury management and investment services. Through its wealth management and institutional businesses, the company also offers trust, investment management, custody and related financial services.

The bank serves customers across a footprint concentrated in the Mid-Atlantic and Northeastern United States, including New York, Pennsylvania, Maryland, New Jersey, Delaware, Virginia, West Virginia and Washington, DC Its businesses also include Wilmington Trust, which provides wealth management, corporate and institutional trust, and related services.

John R.