M&T Bank Corporation $MTB Stock: Assenagon Asset Management S.A. Grows Holdings

Key Points

• Assenagon Asset Management increased its M&T Bank stake by 34.8% in the third quarter to 114,128 shares valued at approximately $24.8 million. Institutional investors and hedge funds collectively own 84.68% of the stock.
• M&T Bank exceeded third-quarter earnings and revenue expectations, reporting $5.08 in adjusted EPS and $2.54 billion in revenue. However, rising expenses and lower fee income raised concerns about the sustainability of profit growth.
• Analyst sentiment remains mixed, with a consensus rating of Hold and an average price target of $248.79. The company also maintains a quarterly dividend of $1.50, equivalent to a 2.8% yield.

Assenagon Asset Management S.A. boosted its holdings in shares of M&T Bank Corporation (NYSE:MTB - Free Report) by 34.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 114,128 shares of the financial services provider's stock after acquiring an additional 29,486 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.08% of M&T Bank worth $24,834,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. First Bancorp Inc ME acquired a new position in M&T Bank during the second quarter worth $25,000. Bogart Wealth LLC raised its holdings in M&T Bank by 233.3% during the first quarter. Bogart Wealth LLC now owns 120 shares of the financial services provider's stock valued at $25,000 after buying an additional 84 shares in the last quarter. NBH Bank bought a new position in M&T Bank during the second quarter valued at about $51,000. FNY Investment Advisers LLC acquired a new stake in shares of M&T Bank in the second quarter worth about $51,000. Finally, Elevation Wealth Partners LLC lifted its position in shares of M&T Bank by 153.2% in the third quarter. Elevation Wealth Partners LLC now owns 276 shares of the financial services provider's stock worth $60,000 after buying an additional 167 shares during the last quarter. 84.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MTB has been the subject of a number of recent analyst reports. Jefferies Financial Group decreased their target price on M&T Bank from $300.00 to $275.00 and set a "buy" rating for the company in a research report on Thursday, September 24th. Deutsche Bank Aktiengesellschaft lowered shares of M&T Bank from a "buy" rating to a "hold" rating and set a $250.00 price target on the stock. in a research report on Thursday, July 23rd. DA Davidson boosted their price objective on shares of M&T Bank from $263.00 to $266.00 and gave the stock a "neutral" rating in a research note on Thursday, July 16th. Keefe, Bruyette & Woods boosted their target price on shares of M&T Bank from $242.00 to $250.00 and gave the stock a "market perform" rating in a research report on Thursday, July 16th. Finally, Wells Fargo & Company upped their price target on shares of M&T Bank from $215.00 to $224.00 and gave the company an "underweight" rating in a report on Thursday, July 16th. Eight investment 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 data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $248.79.

M&T Bank Price Performance

M&T Bank stock opened at $215.11 on Monday. The business has a 50 day simple moving average of $231.97 and a 200 day simple moving average of $228.72. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of $31.07 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 1.21 and a beta of 0.61. M&T Bank Corporation has a one year low of $176.02 and a one year high of $255.95.

M&T Bank (NYSE:MTB - Get Free Report) last announced its quarterly earnings results on Friday, October 16th. The financial services provider reported $5.08 earnings per share for the quarter, beating analysts' consensus estimates of $4.93 by $0.15. M&T Bank had a return on equity of 11.86% and a net margin of 22.63%. The firm had revenue of $2.54 billion for the quarter, compared to analysts' expectations of $2.53 billion. During the same period in the prior year, the business posted $4.82 earnings per share. On average, sell-side analysts forecast that M&T Bank Corporation will post 19.42 EPS for the current fiscal year.

M&T Bank Dividend Announcement

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

Insider Buying and Selling at M&T Bank

In other news, CEO René Jones sold 19,396 shares of the company's stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $239.35, for a total value of $4,642,432.60. Following the sale, the chief executive officer owned 103,831 shares of the company's stock, valued at approximately $24,851,949.85. This represents a 15.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rudina Seseri sold 623 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $241.04, for a total transaction of $150,167.92. Following the sale, the director owned 3,649 shares of the company's stock, valued at $879,554.96. This trade represents a 14.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 20,028 shares of company stock worth $4,794,884 in the last 90 days. 0.44% of the stock is owned by corporate insiders.

M&T Bank News Summary

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.

M&T Bank Profile

M&T Bank Corporation is a regional financial holding company headquartered in Buffalo, New York. Its principal banking subsidiary, M&T Bank, was founded in 1856 and provides financial products and services to individuals, businesses and institutions.

The company's offerings include consumer and commercial deposit accounts, residential and commercial real estate lending, business loans, credit cards, treasury management and other banking services. Through its wealth management and institutional businesses, including Wilmington Trust, M&T also provides investment management, fiduciary, trust, estate planning and related corporate services.

M&T Bank serves customers through branch locations and digital banking channels in several states, primarily across the Mid-Atlantic and Northeast, including New York, Pennsylvania, Maryland, New Jersey, Delaware, Virginia, West Virginia and the District of Columbia.

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