Westfield Capital Management Co. LP decreased its position in shares of M&T Bank Corporation (NYSE:MTB - Free Report) by 84.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 39,657 shares of the financial services provider's stock after selling 213,244 shares during the quarter. Westfield Capital Management Co. LP's holdings in M&T Bank were worth $7,089,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Franklin Resources Inc. boosted its holdings in shares of M&T Bank by 84.9% in the 4th quarter. Franklin Resources Inc. now owns 39,726 shares of the financial services provider's stock worth $7,469,000 after purchasing an additional 18,245 shares in the last quarter. Prudential PLC grew its stake in shares of M&T Bank by 444.3% in the 4th quarter. Prudential PLC now owns 10,281 shares of the financial services provider's stock worth $1,933,000 after buying an additional 8,392 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new position in shares of M&T Bank in the 4th quarter worth about $9,051,000. Aviva PLC lifted its stake in shares of M&T Bank by 43.5% in the fourth quarter. Aviva PLC now owns 45,388 shares of the financial services provider's stock worth $8,533,000 after buying an additional 13,768 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of M&T Bank by 1.0% in the 4th quarter. Russell Investments Group Ltd. now owns 73,383 shares of the financial services provider's stock worth $13,803,000 after purchasing an additional 717 shares in the last quarter. Institutional investors own 84.68% of the company's stock.
M&T Bank Price Performance
Shares of MTB traded down $1.88 during mid-day trading on Thursday, hitting $183.62. The company's stock had a trading volume of 852,741 shares, compared to its average volume of 1,151,475. The firm has a market capitalization of $28.69 billion, a P/E ratio of 11.89, a P/E/G ratio of 0.91 and a beta of 0.63. M&T Bank Corporation has a 1-year low of $150.75 and a 1-year high of $225.70. The firm has a 50-day simple moving average of $190.66 and a 200 day simple moving average of $184.29. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.47.
M&T Bank (NYSE:MTB - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $4.28 EPS for the quarter, beating analysts' consensus estimates of $4.04 by $0.24. M&T Bank had a net margin of 20.44% and a return on equity of 10.35%. The firm had revenue of $2.40 billion for the quarter, compared to analysts' expectations of $2.39 billion. During the same period in the prior year, the company earned $3.73 EPS. Analysts predict that M&T Bank Corporation will post 16.57 EPS for the current fiscal year.
M&T Bank Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 2nd were issued a $1.35 dividend. The ex-dividend date was Monday, June 2nd. This represents a $5.40 annualized dividend and a yield of 2.9%. M&T Bank's dividend payout ratio (DPR) is presently 34.97%.
Wall Street Analyst Weigh In
A number of research firms recently commented on MTB. Jefferies Financial Group set a $225.00 price objective on M&T Bank and gave the company a "buy" rating in a research report on Wednesday, May 21st. Robert W. Baird reduced their target price on shares of M&T Bank from $220.00 to $200.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Piper Sandler decreased their price target on M&T Bank from $220.00 to $210.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $200.00 price objective on shares of M&T Bank in a report on Monday, May 19th. Finally, Barclays decreased their price objective on shares of M&T Bank from $235.00 to $220.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 15th. One 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, M&T Bank currently has an average rating of "Moderate Buy" and a consensus price target of $212.88.
Read Our Latest Stock Analysis on MTB
Insider Activity at M&T Bank
In other M&T Bank news, Director Richard H. Jr. Ledgett sold 1,277 shares of the company's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $197.48, for a total value of $252,181.96. Following the completion of the transaction, the director directly owned 4,881 shares of the company's stock, valued at $963,899.88. This represents a 20.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert E. Sadler, Jr. sold 6,700 shares of M&T Bank 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 completion of the sale, the director owned 23,070 shares of the company's stock, valued at approximately $4,233,806.40. This trade represents a 22.51% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,438 shares of company stock worth $1,967,346. Company insiders own 0.53% of the company's stock.
M&T Bank Profile
(
Free Report)
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.
Further Reading
Before you consider M&T Bank, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and M&T Bank wasn't on the list.
While M&T Bank currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
