Howard Capital Management LLC Sells 23,881 Shares of M&T Bank Corporation $MTB

Key Points

• Howard Capital Management cut its M&T Bank stake by 96.2% in the third quarter, selling 23,881 shares and retaining 951 shares valued at approximately $207,000.
• M&T Bank reported a third-quarter earnings and revenue beat, with adjusted EPS of $5.08 and revenue of about $2.54 billion. Loan growth, a 3.65% net interest margin and improved credit quality supported results, though higher expenses and lower fee income remain concerns.
• Institutional investors own 84.68% of M&T Bank, while analysts maintain a consensus “Hold” rating with an average price target of $248.79; the stock recently traded at $215.11 and pays a quarterly dividend of $1.50.

Howard Capital Management LLC lessened its holdings in shares of M&T Bank Corporation (NYSE:MTB - Free Report) by 96.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 951 shares of the financial services provider's stock after selling 23,881 shares during the period. Howard Capital Management LLC's holdings in M&T Bank were worth $207,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in MTB. Farrell Financial LLC increased its position in M&T Bank by 3.1% during the 3rd quarter. Farrell Financial LLC now owns 3,331 shares of the financial services provider's stock valued at $725,000 after buying an additional 100 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in M&T Bank by 14.1% in the third quarter. V Square Quantitative Management LLC now owns 2,035 shares of the financial services provider's stock worth $443,000 after acquiring an additional 251 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in M&T Bank by 34.8% in the third quarter. Assenagon Asset Management S.A. now owns 114,128 shares of the financial services provider's stock worth $24,834,000 after acquiring an additional 29,486 shares in the last quarter. Turtle Creek Wealth Advisors LLC grew its stake in shares of M&T Bank by 32.6% during the third quarter. Turtle Creek Wealth Advisors LLC now owns 1,392 shares of the financial services provider's stock worth $303,000 after acquiring an additional 342 shares during the last quarter. Finally, Mather Group LLC. grew its stake in shares of M&T Bank by 9.8% during the third quarter. Mather Group LLC. now owns 3,373 shares of the financial services provider's stock worth $734,000 after acquiring an additional 301 shares during the last quarter. Institutional investors and hedge funds own 84.68% of the company's stock.

M&T Bank News Roundup

Here are the key news stories impacting M&T Bank this week:

• Positive Sentiment: M&T reported third-quarter net income of $775 million, or $5.04 diluted EPS, while other non-GAAP reporting showed $5.08 per share. Revenue reached approximately $2.54 billion. Both figures exceeded Wall Street expectations, extending the bank’s earnings-beat streak. M&T Bank Corporation Announces Third Quarter 2026 Results
• Positive Sentiment: Net interest income benefited from loan growth, with average loans rising 2% sequentially. Net interest margin held firm at 3.65%, supporting the bank’s core profitability. Consider M&T Bank as It Holds Up in a Tough Operating Environment
• Positive Sentiment: Credit trends improved: nonaccrual loans declined to 0.90% of total loans, and lower-than-expected provisions provided an additional boost to quarterly earnings. M&T Bank Beats Q3 Estimates on Lower-than-Expected Provisions
• Positive Sentiment: M&T maintained strong lending momentum in SBA 7(a) loans, ranking first in its service area and setting a record for loan growth, which could support future commercial banking revenue. M&T Bank Ranks First in SBA 7(a) Loans
• Neutral Sentiment: Average deposits were reported at $166.8 billion, but broader commentary indicated deposit pressure, leaving investors focused on the bank’s ability to fund continued loan expansion.
• Negative Sentiment: Rising operating expenses and lower fee income overshadowed the earnings and revenue beats, raising concerns about expense control and the sustainability of profit growth. M&T Bank Q3 Earnings Beat on Higher NII, Stock Dips on Cost Woes
• Negative Sentiment: A pessimistic forecast from Cantor Fitzgerald added pressure to sentiment despite the quarter’s favorable operating metrics.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MTB shares. Jefferies Financial Group cut their price objective on shares of M&T Bank from $300.00 to $275.00 and set a "buy" rating on the stock in a report on Thursday, September 24th. TD Cowen initiated coverage on shares of M&T Bank in a research note on Thursday, October 8th. They issued a "hold" rating and a $245.00 target price for the company. Robert W. Baird boosted their target price on shares of M&T Bank from $240.00 to $250.00 and gave the stock a "neutral" rating in a research report on Thursday, July 16th. Royal Bank Of Canada upped their price target on shares of M&T Bank from $230.00 to $255.00 and gave the company an "outperform" rating in a research note on Thursday, July 16th. Finally, Evercore set a $230.00 price target on shares of M&T Bank in a research note on Thursday, October 1st. Eight 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $248.79.

Insider Buying and Selling at M&T Bank

In related news, CEO Rene F. Jones sold 19,396 shares of the firm's stock in a transaction on Monday, September 14th. The shares were sold at an average price of $239.35, for a total transaction of $4,642,432.60. Following the completion of the transaction, the chief executive officer owned 103,831 shares of the company's stock, valued at $24,851,949.85. This trade represents a 15.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rudina Seseri sold 623 shares of the business's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $241.04, for a total transaction of $150,167.92. Following the transaction, the director owned 3,649 shares of the company's stock, valued at $879,554.96. This represents a 14.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 20,028 shares of company stock worth $4,794,884 over the last ninety days. Insiders own 0.44% of the company's stock.

M&T Bank Trading Down 1.6%

Shares of NYSE:MTB opened at $215.11 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. M&T Bank Corporation has a 52-week low of $176.02 and a 52-week high of $255.95. The stock has a market cap of $31.07 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 1.21 and a beta of 0.61. The business has a 50-day moving average price of $231.97 and a 200-day moving average price of $228.52.

M&T Bank (NYSE:MTB - Get Free Report) last issued its earnings results on Friday, October 16th. The financial services provider reported $5.08 EPS for the quarter, beating analysts' consensus estimates of $4.93 by $0.15. M&T Bank had a return on equity of 11.80% and a net margin of 22.72%. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same quarter in the prior year, the firm earned $4.82 earnings per share. Equities analysts predict that M&T Bank Corporation will post 19.42 EPS for the current year.

M&T Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 1st were issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, September 1st. M&T Bank's dividend payout ratio is 31.32%.

About M&T Bank

M&T Bank Corporation is a regional financial services company headquartered in Buffalo, New York. Founded in 1856, the company operates primarily through its M&T Bank subsidiary and serves consumers, businesses, institutions and government entities.

M&T Bank provides a range of banking products and services, including checking and savings accounts, consumer lending, residential mortgages, credit cards, commercial loans, treasury management and investment services. Through its wealth management and institutional businesses, the company also offers trust, investment management, custody and related financial services.

The bank serves customers across a footprint concentrated in the Mid-Atlantic and Northeastern United States, including New York, Pennsylvania, Maryland, New Jersey, Delaware, Virginia, West Virginia and Washington, DC Its businesses also include Wilmington Trust, which provides wealth management, corporate and institutional trust, and related services.

John R.

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