M&T Bank Corporation Plans Quarterly Dividend of $1.50 (NYSE:MTB)

M&T Bank Corporation (NYSE:MTB) announced a quarterly dividend on Wednesday, February 18th. Stockholders of record on Monday, March 2nd will be given a dividend of 1.50 per share by the financial services provider on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, March 2nd.

M&T Bank has raised its dividend by an average of 0.1%annually over the last three years. M&T Bank has a payout ratio of 37.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect M&T Bank to earn $18.68 per share next year, which means the company should continue to be able to cover its $6.00 annual dividend with an expected future payout ratio of 32.1%.

M&T Bank Trading Up 1.5%

Shares of M&T Bank stock opened at $231.73 on Thursday. The business has a fifty day simple moving average of $215.49 and a 200-day simple moving average of $199.71. M&T Bank has a fifty-two week low of $150.75 and a fifty-two week high of $239.00. The firm has a market cap of $35.61 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 1.00 and a beta of 0.60. The company has a quick ratio of 0.97, a current ratio of 0.90 and a debt-to-equity ratio of 0.41.

M&T Bank (NYSE:MTB) last released its earnings results on Friday, January 16th. The financial services provider reported $4.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.47 by $0.25. M&T Bank had a return on equity of 10.94% and a net margin of 21.55%.The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same period in the previous year, the company earned $3.77 earnings per share. On average, equities analysts forecast that M&T Bank will post 16.57 EPS for the current fiscal year.

Insiders Place Their Bets

In other M&T Bank news, Vice Chairman Gary N. Geisel sold 887 shares of M&T Bank stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $215.79, for a total transaction of $191,405.73. Following the transaction, the insider owned 16,446 shares of the company’s stock, valued at $3,548,882.34. The trade was a 5.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Christopher E. Kay sold 5,250 shares of the company’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $191.70, for a total value of $1,006,425.00. Following the completion of the transaction, the executive vice president owned 5,501 shares in the company, valued at $1,054,541.70. This represents a 48.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 52,105 shares of company stock valued at $11,488,231 over the last quarter. 0.53% of the stock is owned by insiders.

Institutional Trading of M&T Bank

Institutional investors have recently made changes to their positions in the stock. Canoe Financial LP grew its stake in shares of M&T Bank by 46.8% in the 3rd quarter. Canoe Financial LP now owns 433,679 shares of the financial services provider’s stock valued at $85,704,000 after buying an additional 138,173 shares in the last quarter. Plato Investment Management Ltd lifted its stake in M&T Bank by 54.3% in the third quarter. Plato Investment Management Ltd now owns 8,251 shares of the financial services provider’s stock valued at $1,618,000 after acquiring an additional 2,905 shares during the last quarter. LSV Asset Management grew its position in M&T Bank by 19.9% in the third quarter. LSV Asset Management now owns 342,400 shares of the financial services provider’s stock worth $67,665,000 after acquiring an additional 56,750 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of M&T Bank by 19.1% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 86,731 shares of the financial services provider’s stock worth $17,140,000 after purchasing an additional 13,889 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of M&T Bank by 120.3% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 17,925 shares of the financial services provider’s stock valued at $3,542,000 after purchasing an additional 9,788 shares in the last quarter. 84.68% of the stock is currently owned by institutional investors and hedge funds.

About M&T Bank

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.