M&T Bank Corporation $MTB Shares Acquired by Raiffeisen Bank International AG

Raiffeisen Bank International AG boosted its position in shares of M&T Bank Corporation (NYSE:MTB) by 126.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,541 shares of the financial services provider’s stock after buying an additional 4,209 shares during the quarter. Raiffeisen Bank International AG’s holdings in M&T Bank were worth $1,495,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MTB. Bank of Jackson Hole Trust lifted its holdings in M&T Bank by 342.9% in the 3rd quarter. Bank of Jackson Hole Trust now owns 155 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 120 shares during the last quarter. Golden State Wealth Management LLC grew its stake in shares of M&T Bank by 2,214.3% in the 2nd quarter. Golden State Wealth Management LLC now owns 162 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 155 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of M&T Bank in the 2nd quarter worth approximately $36,000. Westside Investment Management Inc. lifted its stake in M&T Bank by 61.8% during the third quarter. Westside Investment Management Inc. now owns 199 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 76 shares during the last quarter. Finally, Cullen Frost Bankers Inc. lifted its stake in M&T Bank by 1,109.5% during the second quarter. Cullen Frost Bankers Inc. now owns 254 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 233 shares during the last quarter. 84.68% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Kirk W. Walters sold 909 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $227.37, for a total transaction of $206,679.33. Following the transaction, the director directly owned 5,976 shares of the company’s stock, valued at approximately $1,358,763.12. The trade was a 13.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Vice Chairman Gary N. Geisel sold 887 shares of the company’s stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $215.79, for a total transaction of $191,405.73. Following the completion of the transaction, the insider owned 16,446 shares in the company, valued at approximately $3,548,882.34. This represents a 5.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 52,105 shares of company stock worth $11,488,231 over the last ninety days. 0.53% of the stock is currently owned by corporate insiders.

M&T Bank Price Performance

Shares of NYSE:MTB opened at $232.65 on Friday. The company’s fifty day moving average is $216.54 and its two-hundred day moving average is $200.31. The company has a market cap of $34.66 billion, a P/E ratio of 13.65, a price-to-earnings-growth ratio of 1.02 and a beta of 0.60. M&T Bank Corporation has a 12-month low of $150.75 and a 12-month high of $239.00. The company has a quick ratio of 0.97, a current ratio of 0.96 and a debt-to-equity ratio of 0.41.

M&T Bank (NYSE:MTB) last issued its quarterly earnings results on Friday, January 16th. The financial services provider reported $4.72 earnings per share for the quarter, beating analysts’ consensus estimates of $4.47 by $0.25. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $2.47 billion. M&T Bank had a return on equity of 10.94% and a net margin of 21.55%.During the same quarter in the previous year, the company posted $3.77 earnings per share. Equities analysts expect that M&T Bank Corporation will post 16.57 earnings per share for the current fiscal year.

M&T Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 2nd will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, March 2nd. M&T Bank’s payout ratio is 35.19%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on MTB shares. Wells Fargo & Company lifted their price target on shares of M&T Bank from $185.00 to $205.00 and gave the stock an “underweight” rating in a research report on Monday, January 5th. UBS Group raised their price objective on M&T Bank from $217.00 to $230.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Royal Bank Of Canada lifted their target price on M&T Bank from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, January 16th. Keefe, Bruyette & Woods upped their target price on M&T Bank from $220.00 to $230.00 and gave the company a “market perform” rating in a report on Wednesday, December 17th. Finally, The Goldman Sachs Group increased their price target on M&T Bank from $230.00 to $231.00 and gave the company a “neutral” rating in a research report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $228.50.

M&T Bank 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.