Howard Capital Management LLC Sells 23,881 Shares of M&T Bank Corporation $MTB

Howard Capital Management LLC lessened its stake in M&T Bank Corporation (NYSE:MTB) by 96.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 951 shares of the financial services provider’s stock after selling 23,881 shares during the period. Howard Capital Management LLC’s holdings in M&T Bank were worth $207,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MTB. Farrell Financial LLC lifted its stake in shares of M&T Bank by 3.1% in the 3rd quarter. Farrell Financial LLC now owns 3,331 shares of the financial services provider’s stock valued at $725,000 after purchasing an additional 100 shares during the period. V Square Quantitative Management LLC boosted its holdings in M&T Bank by 14.1% during the third quarter. V Square Quantitative Management LLC now owns 2,035 shares of the financial services provider’s stock worth $443,000 after buying an additional 251 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in M&T Bank by 34.8% during the third quarter. Assenagon Asset Management S.A. now owns 114,128 shares of the financial services provider’s stock worth $24,834,000 after buying an additional 29,486 shares in the last quarter. Turtle Creek Wealth Advisors LLC grew its position in M&T Bank by 32.6% during the third quarter. Turtle Creek Wealth Advisors LLC now owns 1,392 shares of the financial services provider’s stock valued at $303,000 after buying an additional 342 shares during the period. Finally, Mather Group LLC. grew its position in M&T Bank by 9.8% during the third quarter. Mather Group LLC. now owns 3,373 shares of the financial services provider’s stock valued at $734,000 after buying an additional 301 shares during the period. Institutional investors and hedge funds own 84.68% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on MTB. Royal Bank Of Canada lifted their price objective on shares of M&T Bank from $230.00 to $255.00 and gave the company an “outperform” rating in a report on Thursday, July 16th. Keefe, Bruyette & Woods increased their target price on shares of M&T Bank from $242.00 to $250.00 and gave the stock a “market perform” rating in a research note on Thursday, July 16th. Morgan Stanley dropped their target price on M&T Bank from $304.00 to $301.00 and set an “overweight” rating on the stock in a research report on Monday, September 28th. Raymond James Financial began coverage on M&T Bank in a research note on Tuesday, October 6th. They issued an “outperform” rating and a $250.00 price target for the company. Finally, Cantor Fitzgerald reduced their price target on M&T Bank from $285.00 to $255.00 and set an “overweight” rating for the company in a report on Wednesday. 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. According to data from MarketBeat.com, M&T Bank presently has a consensus rating of “Hold” and an average price target of $248.79.

Insiders Place Their Bets

In other news, CEO Rene F. Jones sold 19,396 shares of the company’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $239.35, for a total transaction of $4,642,432.60. Following the completion of the sale, the chief executive officer owned 103,831 shares of the company’s stock, valued at $24,851,949.85. This represents a 15.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rudina Seseri sold 623 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $241.04, for a total transaction of $150,167.92. Following the completion of the sale, the director owned 3,649 shares of the company’s stock, valued at $879,554.96. This trade represents a 14.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 20,028 shares of company stock worth $4,794,884 in the last 90 days. 0.44% of the stock is currently owned by insiders.

Key Headlines Impacting M&T Bank

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

• Positive Sentiment: M&T reported third-quarter net income of $775 million, or $5.04 diluted EPS, while other non-GAAP reporting showed $5.08 per share. Revenue reached approximately $2.54 billion. Both figures exceeded Wall Street expectations, extending the bank’s earnings-beat streak. M&T Bank Corporation Announces Third Quarter 2026 Results
• Positive Sentiment: Net interest income benefited from loan growth, with average loans rising 2% sequentially. Net interest margin held firm at 3.65%, supporting the bank’s core profitability. Consider M&T Bank as It Holds Up in a Tough Operating Environment
• Positive Sentiment: Credit trends improved: nonaccrual loans declined to 0.90% of total loans, and lower-than-expected provisions provided an additional boost to quarterly earnings. M&T Bank Beats Q3 Estimates on Lower-than-Expected Provisions
• Positive Sentiment: M&T maintained strong lending momentum in SBA 7(a) loans, ranking first in its service area and setting a record for loan growth, which could support future commercial banking revenue. M&T Bank Ranks First in SBA 7(a) Loans
• Neutral Sentiment: Average deposits were reported at $166.8 billion, but broader commentary indicated deposit pressure, leaving investors focused on the bank’s ability to fund continued loan expansion.
• Negative Sentiment: Rising operating expenses and lower fee income overshadowed the earnings and revenue beats, raising concerns about expense control and the sustainability of profit growth. M&T Bank Q3 Earnings Beat on Higher NII, Stock Dips on Cost Woes
• Negative Sentiment: A pessimistic forecast from Cantor Fitzgerald added pressure to sentiment despite the quarter’s favorable operating metrics.

M&T Bank Price Performance

Shares of M&T Bank stock opened at $215.11 on Friday. The business has a 50 day simple moving average of $231.97 and a two-hundred day simple moving average of $228.52. M&T Bank Corporation has a 12 month low of $176.02 and a 12 month high of $255.95. The stock has a market capitalization of $31.07 billion, a P/E ratio of 11.23, a PEG ratio of 1.21 and a beta of 0.61. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.96 and a quick ratio of 0.96.

M&T Bank (NYSE:MTB) last released its earnings results on Friday, October 16th. The financial services provider reported $5.08 earnings per share for the quarter, beating the consensus estimate of $4.93 by $0.15. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.53 billion. M&T Bank had a return on equity of 11.80% and a net margin of 22.72%. During the same quarter last year, the business posted $4.82 earnings per share. As a group, analysts predict that M&T Bank Corporation will post 19.42 EPS for the current fiscal year.

M&T Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 1st were paid a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Tuesday, September 1st. M&T Bank’s dividend payout ratio is currently 31.32%.

M&T Bank Company 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.