Ashton Thomas Securities LLC bought a brand new stake in shares of M&T Financial institution Co. (NYSE:MTB – Free Report) within the third quarter, in keeping with its most up-to-date Type 13F submitting with the Securities and Change Fee (SEC). The institutional investor bought 180 shares of the monetary companies supplier’s inventory, valued at roughly $32,000.
Numerous different hedge funds have additionally not too long ago purchased and bought shares of the inventory. Ontario Lecturers Pension Plan Board grew its stake in shares of M&T Financial institution by 43.1% within the first quarter. Ontario Lecturers Pension Plan Board now owns 12,423 shares of the monetary companies supplier’s inventory valued at $1,807,000 after shopping for an extra 3,739 shares within the final quarter. Capital Efficiency Advisors LLP acquired a brand new place in shares of M&T Financial institution through the third quarter value about $44,000. Principal Monetary Group Inc. elevated its stake in shares of M&T Financial institution by 1.4% through the third quarter. Principal Monetary Group Inc. now owns 199,111 shares of the monetary companies supplier’s inventory value $35,466,000 after buying an extra 2,797 shares over the last quarter. Value T Rowe Associates Inc. MD lifted its stake in M&T Financial institution by 5.9% within the 1st quarter. Value T Rowe Associates Inc. MD now owns 331,868 shares of the monetary companies supplier’s inventory valued at $48,267,000 after buying an extra 18,566 shares over the last quarter. Lastly, Gateway Funding Advisers LLC grew its holdings in M&T Financial institution by 60.0% through the second quarter. Gateway Funding Advisers LLC now owns 32,799 shares of the monetary companies supplier’s inventory value $4,964,000 after buying an extra 12,304 shares through the interval. 84.68% of the inventory is at the moment owned by institutional buyers.
Analyst Upgrades and Downgrades
Numerous analysts have not too long ago issued studies on MTB shares. The Goldman Sachs Group raised their worth goal on M&T Financial institution from $190.00 to $216.00 and gave the corporate a “impartial” score in a analysis report on Friday, October 18th. DA Davidson raised their worth goal on M&T Financial institution from $192.00 to $207.00 and gave the corporate a “impartial” score in a report on Monday, October twenty first. Wells Fargo & Firm upped their worth goal on shares of M&T Financial institution from $165.00 to $190.00 and gave the corporate an “underweight” score in a report on Friday, October 18th. Barclays raised their goal worth on shares of M&T Financial institution from $170.00 to $228.00 and gave the inventory an “equal weight” score in a analysis be aware on Friday, October 18th. Lastly, Royal Financial institution of Canada upped their worth goal on shares of M&T Financial institution from $190.00 to $208.00 and gave the corporate an “outperform” score in a analysis be aware on Friday, October 18th. One funding analyst has rated the inventory with a promote score, seven have given a maintain score and 9 have assigned a purchase score to the corporate’s inventory. In accordance with MarketBeat.com, the corporate has a mean score of “Maintain” and a mean goal worth of $198.76.
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Insider Shopping for and Promoting at M&T Financial institution
In associated information, Director Kirk W. Walters bought 2,471 shares of M&T Financial institution inventory in a transaction that occurred on Monday, August nineteenth. The shares have been bought at a mean worth of $24.60, for a complete transaction of $60,786.60. Following the sale, the director now straight owns 20,414 shares of the corporate’s inventory, valued at roughly $502,184.40. The commerce was a ten.80 % lower of their place. The sale was disclosed in a doc filed with the SEC, which is obtainable via this hyperlink. Additionally, CEO Rene F. Jones bought 23,071 shares of the corporate’s inventory in a transaction that occurred on Monday, October twenty eighth. The inventory was bought at a mean worth of $193.88, for a complete transaction of $4,473,005.48. Following the transaction, the chief government officer now owns 77,226 shares of the corporate’s inventory, valued at roughly $14,972,576.88. This represents a 23.00 % lower of their possession of the inventory. The disclosure for this sale may be discovered right here. Within the final quarter, insiders have bought 72,854 shares of firm inventory valued at $13,637,588. 0.82% of the inventory is at the moment owned by company insiders.
M&T Financial institution Inventory Up 0.6 %
Shares of NYSE MTB opened at $213.27 on Friday. The inventory has a market capitalization of $35.39 billion, a P/E ratio of 15.79, a PEG ratio of three.00 and a beta of 0.74. The inventory’s fifty day transferring common is $185.26 and its 200 day transferring common is $166.25. M&T Financial institution Co. has a 52 week low of $123.37 and a 52 week excessive of $216.84. The corporate has a debt-to-equity ratio of 0.44, a fast ratio of 0.99 and a present ratio of 0.99.
M&T Financial institution (NYSE:MTB – Get Free Report) final launched its earnings outcomes on Thursday, October seventeenth. The monetary companies supplier reported $4.08 EPS for the quarter, beating the consensus estimate of $3.60 by $0.48. M&T Financial institution had a internet margin of 17.82% and a return on fairness of 9.52%. The agency had income of $2.33 billion for the quarter, in comparison with analyst estimates of $2.30 billion. Promote-side analysts forecast that M&T Financial institution Co. will publish 14.56 earnings per share for the present fiscal yr.
M&T Financial institution Declares Dividend
The agency additionally not too long ago introduced a quarterly dividend, which was paid on Monday, September thirtieth. Shareholders of report on Tuesday, September third have been paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of two.53%. The ex-dividend date of this dividend was Tuesday, September third. M&T Financial institution’s payout ratio is presently 39.97%.
M&T Financial institution Firm Profile
M&T Financial institution Company operates as a financial institution holding firm for Producers and Merchants Belief Firm and Wilmington Belief, Nationwide Affiliation that engages within the provision of retail and industrial banking services and products in the US. The corporate operates via three segments: Industrial Financial institution, Retail Financial institution, and Institutional Companies and Wealth Administration.
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