B. Metzler seel. Sohn & Co. AG Reduces Holdings in M&T Bank Corporation $MTB

Key Points

• B. Metzler seel. Sohn & Co. AG cut its M&T Bank stake by 21.1% in the second quarter, selling 5,566 shares and retaining 20,837 shares valued at approximately $4.96 million. Institutional investors collectively own 84.68% of the company.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $253.43; seven analysts rate the stock a Buy, 14 a Hold, and one a Sell.
• M&T Bank exceeded quarterly expectations, reporting $5.35 in earnings per share and $2.53 billion in revenue. The bank also announced a quarterly dividend of $1.50 per share, equivalent to a 2.5% annual yield.

B. Metzler seel. Sohn & Co. AG reduced its position in shares of M&T Bank Corporation (NYSE:MTB - Free Report) by 21.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,837 shares of the financial services provider's stock after selling 5,566 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in M&T Bank were worth $4,959,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Commonwealth Retirement Investments LLC grew its stake in shares of M&T Bank by 0.4% during 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 acquiring an additional 44 shares in the last quarter. Wedbush Securities Inc. lifted its stake in shares of M&T Bank by 2.4% in the fourth quarter. Wedbush Securities Inc. now owns 2,223 shares of the financial services provider's stock worth $448,000 after acquiring an additional 52 shares in the last quarter. CX Institutional boosted its holdings in M&T Bank by 3.4% in the second quarter. CX Institutional now owns 1,650 shares of the financial services provider's stock valued at $393,000 after purchasing an additional 54 shares during the last quarter. Bank of Jackson Hole Trust boosted its holdings in M&T Bank by 38.7% in the fourth quarter. Bank of Jackson Hole Trust now owns 215 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 60 shares during the last quarter. Finally, Thoroughbred Financial Services LLC grew its stake in M&T Bank by 2.1% during the 4th quarter. Thoroughbred Financial Services LLC now owns 3,465 shares of the financial services provider's stock valued at $698,000 after purchasing an additional 70 shares in the last quarter. 84.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Weiss Ratings restated a "buy (b)" rating on shares of M&T Bank in a report on Tuesday. Evercore set a $260.00 price target on shares of M&T Bank in a research report on Monday, July 6th. Jefferies Financial Group restated a "buy" rating and issued a $300.00 price target on shares of M&T Bank in a research note on Wednesday, July 15th. Wall Street Zen raised shares of M&T Bank from a "sell" rating to a "hold" rating in a report on Monday, July 20th. Finally, Wells Fargo & Company increased their price objective on shares of M&T Bank from $215.00 to $224.00 and gave the company an "underweight" rating in a research note on Thursday, July 16th. Seven equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, M&T Bank presently has a consensus rating of "Hold" and a consensus target price of $253.43.

Insider Buying and Selling at M&T Bank

In other news, Director Rudina Seseri sold 623 shares of the firm's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $241.04, for a total value of $150,167.92. Following the transaction, the director directly owned 3,649 shares in the company, valued at approximately $879,554.96. This trade represents a 14.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.44% of the company's stock.

M&T Bank Trading Up 1.9%

Shares of NYSE MTB opened at $239.97 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.53. The stock's 50 day moving average price is $244.83 and its two-hundred day moving average price is $225.84. M&T Bank Corporation has a 52-week low of $174.76 and a 52-week high of $255.95. The stock has a market capitalization of $34.66 billion, a P/E ratio of 12.67, a PEG ratio of 1.34 and a beta of 0.56.

M&T Bank (NYSE:MTB - Get Free Report) last issued its quarterly earnings results on Wednesday, July 15th. The financial services provider reported $5.35 earnings per share for the quarter, beating analysts' consensus estimates of $4.66 by $0.69. M&T Bank had a return on equity of 11.80% and a net margin of 22.72%.The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the previous year, the business earned $4.28 EPS. On average, analysts anticipate that M&T Bank Corporation will post 19.43 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 Wednesday, September 30th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 1st. M&T Bank's dividend payout ratio is 31.68%.

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.

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