Susquehanna Fundamental Investments LLC Buys 74,353 Shares of M&T Bank Corporation $MTB

Key Points

• Susquehanna Fundamental Investments increased its M&T Bank position by 205.4% in the second quarter, acquiring 74,353 additional shares for a total holding valued at approximately $26.3 million. Institutional investors collectively own 84.68% of the company.
• M&T Bank reported quarterly earnings of $5.35 per share, surpassing the $4.66 analyst estimate, while revenue of $2.53 billion also exceeded expectations. The company announced a quarterly dividend of $1.50 per share, representing a 2.5% yield.
• Analysts maintain a consensus “Hold” rating with an average price target of $253.43; targets range from $224 to $300. MTB recently traded at $237.86, below its 52-week high of $255.95.

Susquehanna Fundamental Investments LLC lifted its position in M&T Bank Corporation (NYSE:MTB - Free Report) by 205.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 110,553 shares of the financial services provider's stock after purchasing an additional 74,353 shares during the period. Susquehanna Fundamental Investments LLC owned 0.08% of M&T Bank worth $26,313,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC raised its position in M&T Bank by 11.9% during the 1st quarter. Empowered Funds LLC now owns 3,396 shares of the financial services provider's stock valued at $607,000 after purchasing an additional 362 shares in the last quarter. Woodline Partners LP lifted its holdings in shares of M&T Bank by 40.7% in the 1st quarter. Woodline Partners LP now owns 14,018 shares of the financial services provider's stock worth $2,506,000 after buying an additional 4,054 shares during the period. Lazard Asset Management LLC grew its position in shares of M&T Bank by 24.6% during the 2nd quarter. Lazard Asset Management LLC now owns 2,900 shares of the financial services provider's stock worth $562,000 after buying an additional 572 shares in the last quarter. MUFG Securities EMEA plc bought a new position in shares of M&T Bank during the 2nd quarter worth $92,000. Finally, Geneos Wealth Management Inc. grew its position in shares of M&T Bank by 4.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,727 shares of the financial services provider's stock worth $335,000 after buying an additional 71 shares in the last quarter. Institutional investors own 84.68% of the company's stock.

M&T Bank Price Performance

Shares of MTB stock opened at $237.86 on Monday. The stock's 50-day moving average is $244.59 and its 200 day moving average is $225.77. M&T Bank Corporation has a 1-year low of $174.76 and a 1-year high of $255.95. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market cap of $34.35 billion, a P/E ratio of 12.56, a PEG ratio of 1.10 and a beta of 0.57.

M&T Bank (NYSE:MTB - Get Free Report) last announced its earnings results on Wednesday, July 15th. The financial services provider reported $5.35 EPS for the quarter, topping analysts' consensus estimates of $4.66 by $0.69. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.46 billion. M&T Bank had a net margin of 22.72% and a return on equity of 11.80%. During the same period in the previous year, the company posted $4.28 earnings per share. Research analysts predict that M&T Bank Corporation will post 19.43 earnings per share for the current fiscal year.

M&T Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 1st will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Tuesday, September 1st. M&T Bank's payout ratio is 31.68%.

Insider Activity at M&T Bank

In related news, Director Rudina Seseri sold 623 shares of the stock in a transaction that occurred 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 completion of the sale, 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.44% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on MTB. UBS Group lifted their price objective on M&T Bank from $252.00 to $255.00 and gave the company a "neutral" rating in a report on Monday, August 3rd. Barclays raised their target price on shares of M&T Bank from $236.00 to $267.00 and gave the company an "equal weight" rating in a research report on Thursday, July 16th. Jefferies Financial Group restated a "buy" rating and issued a $300.00 price target on shares of M&T Bank in a report on Wednesday, July 15th. Evercore set a $260.00 price target on shares of M&T Bank in a research report on Monday, July 6th. 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 research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, M&T Bank currently has a consensus rating of "Hold" and a consensus price target of $253.43.

About M&T Bank

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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