M&T Bank (NYSE:MTB) Director John Barnes Sells 21,193 Shares

M&T Bank Corporation (NYSE:MTB) Director John Barnes sold 21,193 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $235.85, for a total transaction of $4,998,369.05. Following the completion of the transaction, the director owned 15,142 shares in the company, valued at approximately $3,571,240.70. This trade represents a 58.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

M&T Bank Trading Down 0.6%

Shares of M&T Bank stock opened at $234.71 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.90 and a quick ratio of 0.97. M&T Bank Corporation has a 1 year low of $150.75 and a 1 year high of $239.00. The firm has a market cap of $36.07 billion, a PE ratio of 13.77, a PEG ratio of 1.04 and a beta of 0.60. The company has a 50 day simple moving average of $212.28 and a two-hundred day simple moving average of $198.34.

M&T Bank (NYSE:MTB) last posted its quarterly earnings data on Friday, January 16th. The financial services provider reported $4.72 earnings per share for the quarter, beating the consensus estimate of $4.47 by $0.25. M&T Bank had a net margin of 21.55% and a return on equity of 10.94%. The firm had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter last year, the company posted $3.77 EPS. Analysts expect that M&T Bank Corporation will post 16.57 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, December 31st. Stockholders of record on Monday, December 1st were issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Monday, December 1st. M&T Bank’s dividend payout ratio is presently 35.19%.

Wall Street Analyst Weigh In

MTB has been the subject of a number of recent research reports. Wells Fargo & Company boosted their target price on M&T Bank from $185.00 to $205.00 and gave the stock an “underweight” rating in a research report on Monday, January 5th. Truist Financial set a $230.00 price objective on shares of M&T Bank in a report on Tuesday, January 20th. Cantor Fitzgerald upped their price objective on shares of M&T Bank from $228.00 to $238.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Jefferies Financial Group lifted their target price on shares of M&T Bank from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Finally, Barclays boosted their price target on shares of M&T Bank from $220.00 to $236.00 and gave the stock an “equal weight” rating in a research note on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $228.50.

Institutional Investors Weigh In On M&T Bank

A number of large investors have recently added to or reduced their stakes in MTB. Commonwealth Retirement Investments LLC lifted its stake in shares of 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 purchasing an additional 44 shares during the period. Ransom Advisory Ltd increased its holdings in M&T Bank by 2.0% in the fourth quarter. Ransom Advisory Ltd now owns 2,513 shares of the financial services provider’s stock valued at $506,000 after buying an additional 50 shares in the last quarter. Crestwood Advisors Group LLC increased its holdings in M&T Bank by 1.7% in the second quarter. Crestwood Advisors Group LLC now owns 3,237 shares of the financial services provider’s stock valued at $628,000 after buying an additional 54 shares in the last quarter. Arkadios Wealth Advisors lifted its position in shares of M&T Bank by 5.1% during the 2nd quarter. Arkadios Wealth Advisors now owns 1,312 shares of the financial services provider’s stock valued at $254,000 after acquiring an additional 64 shares during the period. Finally, Gamco Investors INC. ET AL boosted its stake in shares of M&T Bank by 0.3% during the 2nd quarter. Gamco Investors INC. ET AL now owns 20,489 shares of the financial services provider’s stock worth $3,975,000 after acquiring an additional 67 shares in the last quarter. Institutional investors own 84.68% of the company’s stock.

M&T Bank Company Profile

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.