M&T Bank Co. (MTB) Position Decreased by GSA Capital Partners LLP

GSA Capital Partners LLP decreased its stake in M&T Bank Co. (NYSE:MTB) by 51.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,809 shares of the financial services provider’s stock after selling 2,926 shares during the period. GSA Capital Partners LLP’s holdings in M&T Bank were worth $402,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. UMB Bank N A MO raised its position in M&T Bank by 10.4% in the fourth quarter. UMB Bank N A MO now owns 2,041 shares of the financial services provider’s stock worth $292,000 after acquiring an additional 192 shares during the period. Mountain Pacific Investment Advisers Inc. ID raised its position in M&T Bank by 3.1% in the fourth quarter. Mountain Pacific Investment Advisers Inc. ID now owns 65,456 shares of the financial services provider’s stock worth $9,369,000 after acquiring an additional 1,973 shares during the period. Legal & General Group Plc raised its position in M&T Bank by 3.0% in the third quarter. Legal & General Group Plc now owns 692,928 shares of the financial services provider’s stock worth $114,030,000 after acquiring an additional 20,214 shares during the period. JPMorgan Chase & Co. raised its position in M&T Bank by 0.8% in the third quarter. JPMorgan Chase & Co. now owns 5,761,927 shares of the financial services provider’s stock worth $948,067,000 after acquiring an additional 43,529 shares during the period. Finally, M&T Bank Corp raised its position in M&T Bank by 16.6% in the fourth quarter. M&T Bank Corp now owns 1,179,920 shares of the financial services provider’s stock worth $168,881,000 after acquiring an additional 167,551 shares during the period. 78.95% of the stock is currently owned by institutional investors and hedge funds.

MTB has been the topic of several research reports. Robert W. Baird lowered shares of M&T Bank from an “outperform” rating to a “neutral” rating and set a $175.00 price objective on the stock. in a research report on Thursday, February 21st. ValuEngine raised shares of M&T Bank from a “sell” rating to a “hold” rating in a research report on Friday. Wedbush set a $165.00 price target on shares of M&T Bank and gave the company a “hold” rating in a research report on Friday, January 18th. Zacks Investment Research raised shares of M&T Bank from a “hold” rating to a “buy” rating and set a $183.00 price target on the stock in a research report on Friday, January 18th. Finally, Barclays reissued a “buy” rating and issued a $207.00 price target on shares of M&T Bank in a research report on Thursday, February 21st. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $180.27.

In related news, insider Sabeth Siddique sold 365 shares of the business’s stock in a transaction that occurred on Tuesday, January 22nd. The shares were sold at an average price of $165.67, for a total transaction of $60,469.55. Following the completion of the transaction, the insider now owns 1,464 shares of the company’s stock, valued at $242,540.88. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Darren J. King sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $164.56, for a total transaction of $1,645,600.00. The disclosure for this sale can be found here. In the last three months, insiders sold 12,766 shares of company stock worth $2,111,968. Insiders own 0.54% of the company’s stock.

NYSE MTB opened at $172.52 on Friday. M&T Bank Co. has a 12-month low of $133.78 and a 12-month high of $192.35. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $23.89 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 0.88 and a beta of 1.07.

M&T Bank (NYSE:MTB) last posted its quarterly earnings results on Thursday, January 17th. The financial services provider reported $3.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.49 by $0.27. M&T Bank had a net margin of 29.72% and a return on equity of 14.24%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the firm posted $2.66 earnings per share. Research analysts predict that M&T Bank Co. will post 14.62 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Monday, March 4th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Friday, March 1st. M&T Bank’s dividend payout ratio (DPR) is currently 31.10%.

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About M&T Bank

M&T Bank Corporation operates as the holding company for Manufacturers and Traders Trust Company; and Wilmington Trust, National Association that provide banking services. The company's Business Banking segment offers deposits, business loans and leases, and credit cards; and cash management, payroll, and letters of credit services to small businesses and professionals.

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Institutional Ownership by Quarter for M&T Bank (NYSE:MTB)

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