M&T Bank Corporation $MTB Shares Acquired by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI raised its holdings in shares of M&T Bank Corporation (NYSE:MTB) by 27.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,111 shares of the financial services provider’s stock after acquiring an additional 1,741 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in M&T Bank were worth $1,574,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in MTB. UMB Bank n.a. boosted its position in shares of M&T Bank by 17.6% during the 1st quarter. UMB Bank n.a. now owns 688 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 103 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of M&T Bank by 3.8% during the 1st quarter. Farther Finance Advisors LLC now owns 2,726 shares of the financial services provider’s stock worth $481,000 after acquiring an additional 99 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of M&T Bank by 3.9% during the 1st quarter. GAMMA Investing LLC now owns 3,948 shares of the financial services provider’s stock worth $706,000 after acquiring an additional 148 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of M&T Bank by 130.4% during the 1st quarter. SG Americas Securities LLC now owns 9,703 shares of the financial services provider’s stock worth $1,734,000 after acquiring an additional 5,492 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of M&T Bank by 4.1% in the 1st quarter. Fifth Third Bancorp now owns 9,851 shares of the financial services provider’s stock valued at $1,761,000 after purchasing an additional 391 shares during the period. 84.68% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at M&T Bank

In other news, Director John P. Barnes sold 15,000 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $199.79, for a total transaction of $2,996,850.00. Following the sale, the director owned 17,866 shares in the company, valued at $3,569,448.14. This trade represents a 45.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard H. Jr. Ledgett sold 1,277 shares of the firm’s stock in a transaction on Monday, July 21st. The stock was sold at an average price of $197.48, for a total value of $252,181.96. Following the sale, the director owned 4,881 shares in the company, valued at $963,899.88. This trade represents a 20.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,738 shares of company stock worth $3,734,612 over the last quarter. 0.53% of the stock is currently owned by insiders.

M&T Bank Stock Performance

M&T Bank stock opened at $180.66 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a fifty day moving average of $195.21 and a two-hundred day moving average of $186.11. The company has a market capitalization of $28.23 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 0.92 and a beta of 0.62. M&T Bank Corporation has a fifty-two week low of $150.75 and a fifty-two week high of $225.70.

M&T Bank (NYSE:MTB) last posted its quarterly earnings data on Wednesday, March 9th. The financial services provider reported $3.54 earnings per share (EPS) for the quarter. M&T Bank had a return on equity of 10.35% and a net margin of 20.44%.The business had revenue of $1.54 billion for the quarter. On average, analysts anticipate that M&T Bank Corporation will post 16.57 EPS for the current fiscal year.

M&T Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 3.3%. This is a positive change from M&T Bank’s previous quarterly dividend of $1.35. The ex-dividend date was Tuesday, September 2nd. M&T Bank’s payout ratio is 38.86%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Evercore ISI boosted their price objective on M&T Bank from $222.00 to $225.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. Cantor Fitzgerald initiated coverage on M&T Bank in a report on Wednesday, September 10th. They issued an “overweight” rating and a $228.00 price objective for the company. Piper Sandler initiated coverage on M&T Bank in a report on Monday. They issued an “overweight” rating and a $225.00 price objective for the company. UBS Group increased their price objective on M&T Bank from $207.00 to $208.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Wells Fargo & Company increased their price objective on M&T Bank from $175.00 to $185.00 and gave the company an “underweight” rating in a report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, M&T Bank presently has a consensus rating of “Moderate Buy” and an average target price of $216.18.

M&T Bank Company Profile

M&T Bank Corp. operates as a bank holding company, which engages in the provision of retail and commercial banking, trust, wealth management, and investment services. It operates through the following segments: Commercial Bank, Retail Bank, Institutional Services and Wealth Management, and All Other.