Capital Management Associates Inc Makes New $364,000 Investment in M&T Bank Corporation (NYSE:MTB)

Capital Management Associates Inc purchased a new stake in M&T Bank Corporation (NYSE:MTB - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,038 shares of the financial services provider's stock, valued at approximately $364,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Wood Tarver Financial Group LLC purchased a new stake in M&T Bank during the fourth quarter valued at about $29,000. Banque Transatlantique SA acquired a new position in shares of M&T Bank in the 4th quarter valued at approximately $38,000. Grove Bank & Trust grew its holdings in M&T Bank by 104.6% during the 1st quarter. Grove Bank & Trust now owns 223 shares of the financial services provider's stock worth $40,000 after acquiring an additional 114 shares in the last quarter. Golden State Wealth Management LLC bought a new position in M&T Bank during the first quarter worth $46,000. Finally, Loomis Sayles & Co. L P bought a new stake in shares of M&T Bank in the 4th quarter worth approximately $52,000. 84.68% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at M&T Bank

In other M&T Bank news, Director Robert E. Sadler, Jr. sold 6,700 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $183.52, for a total transaction of $1,229,584.00. Following the transaction, the director owned 23,070 shares in the company, valued at $4,233,806.40. This trade represents a 22.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.53% of the company's stock.

M&T Bank Price Performance

NYSE:MTB opened at $202.58 on Monday. The company has a market cap of $32.52 billion, a P/E ratio of 13.57, a P/E/G ratio of 1.46 and a beta of 0.63. The firm's fifty day moving average price is $183.43 and its two-hundred day moving average price is $183.63. M&T Bank Corporation has a one year low of $146.71 and a one year high of $225.70. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.97 and a quick ratio of 0.97.

M&T Bank (NYSE:MTB - Get Free Report) last announced its earnings results on Monday, April 14th. The financial services provider reported $3.38 EPS for the quarter, missing the consensus estimate of $3.41 by ($0.03). The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.35 billion. M&T Bank had a return on equity of 10.18% and a net margin of 19.86%. During the same period in the previous year, the firm posted $3.09 EPS. Equities analysts expect that M&T Bank Corporation will post 16.57 earnings per share for the current year.

M&T Bank Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 2nd were given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend was Monday, June 2nd. M&T Bank's payout ratio is 36.17%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MTB shares. Piper Sandler decreased their price objective on M&T Bank from $220.00 to $210.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. TD Cowen assumed coverage on shares of M&T Bank in a research note on Thursday, May 15th. They set a "buy" rating and a $230.00 price objective for the company. Jefferies Financial Group set a $225.00 price target on shares of M&T Bank and gave the company a "buy" rating in a report on Wednesday, May 21st. Morgan Stanley raised their price objective on shares of M&T Bank from $206.00 to $215.00 and gave the stock an "overweight" rating in a research note on Friday, June 20th. Finally, Citigroup boosted their target price on shares of M&T Bank from $200.00 to $212.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $211.48.

About M&T Bank

M&T Bank Corp. operates as a bank holding company, which engages in the provision of retail and commercial banking, trust, wealth management, and investment services. It operates through the following segments: Commercial Bank, Retail Bank, Institutional Services and Wealth Management, and All Other.

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