Robinson Value Management Ltd. Grows Stake in M&T Bank Co. (NYSE:MTB)

Robinson Value Management Ltd. increased its holdings in shares of M&T Bank Co. (NYSE:MTB) by 1.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,448 shares of the financial services provider’s stock after purchasing an additional 377 shares during the period. M&T Bank accounts for 3.1% of Robinson Value Management Ltd.’s holdings, making the stock its 9th biggest holding. Robinson Value Management Ltd.’s holdings in M&T Bank were worth $4,711,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MTB. Marshall Wace LLP boosted its stake in M&T Bank by 232.1% in the second quarter. Marshall Wace LLP now owns 676,745 shares of the financial services provider’s stock valued at $102,432,000 after acquiring an additional 472,997 shares in the last quarter. Los Angeles Capital Management LLC lifted its stake in shares of M&T Bank by 77.0% during the second quarter. Los Angeles Capital Management LLC now owns 733,304 shares of the financial services provider’s stock worth $110,993,000 after buying an additional 319,051 shares during the period. Vest Financial LLC acquired a new stake in shares of M&T Bank during the first quarter worth $18,147,000. Dimensional Fund Advisors LP lifted its stake in shares of M&T Bank by 6.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,613,174 shares of the financial services provider’s stock worth $244,129,000 after buying an additional 93,113 shares during the period. Finally, National Bank of Canada FI lifted its stake in shares of M&T Bank by 195.1% during the first quarter. National Bank of Canada FI now owns 126,773 shares of the financial services provider’s stock worth $19,480,000 after buying an additional 83,814 shares during the period. 84.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at M&T Bank

In related news, Vice Chairman Gary N. Geisel sold 500 shares of the company’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $172.50, for a total transaction of $86,250.00. Following the completion of the sale, the insider now owns 16,429 shares of the company’s stock, valued at approximately $2,834,002.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Vice Chairman Gary N. Geisel sold 500 shares of the company’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $172.50, for a total transaction of $86,250.00. Following the completion of the sale, the insider now owns 16,429 shares of the company’s stock, valued at approximately $2,834,002.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert E. Sadler, Jr. sold 1,000 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $172.23, for a total transaction of $172,230.00. Following the sale, the director now directly owns 31,796 shares of the company’s stock, valued at approximately $5,476,225.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,699 shares of company stock valued at $5,115,349. Corporate insiders own 0.82% of the company’s stock.

M&T Bank Price Performance

Shares of MTB traded down $3.67 during mid-day trading on Monday, hitting $193.88. 344,985 shares of the company were exchanged, compared to its average volume of 1,036,110. M&T Bank Co. has a 1-year low of $108.53 and a 1-year high of $200.94. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.00 and a current ratio of 1.00. The company has a 50 day moving average of $172.93 and a 200-day moving average of $158.92. The stock has a market cap of $32.35 billion, a price-to-earnings ratio of 13.11, a price-to-earnings-growth ratio of 3.27 and a beta of 0.75.

M&T Bank (NYSE:MTB) last released its quarterly earnings results on Thursday, July 18th. The financial services provider reported $3.73 earnings per share for the quarter, topping the consensus estimate of $3.50 by $0.23. M&T Bank had a net margin of 17.84% and a return on equity of 9.62%. The firm had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the prior year, the firm earned $5.12 EPS. Analysts expect that M&T Bank Co. will post 14.16 EPS for the current fiscal year.

M&T Bank Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 3rd were given a dividend of $1.35 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $5.40 annualized dividend and a dividend yield of 2.79%. M&T Bank’s dividend payout ratio (DPR) is presently 36.51%.

Analysts Set New Price Targets

Several research firms have recently commented on MTB. JPMorgan Chase & Co. upgraded shares of M&T Bank from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $183.00 to $215.00 in a research note on Tuesday, September 3rd. Keefe, Bruyette & Woods lifted their price objective on shares of M&T Bank from $170.00 to $180.00 and gave the stock a “market perform” rating in a research note on Friday, July 19th. The Goldman Sachs Group raised their target price on shares of M&T Bank from $190.00 to $216.00 and gave the stock a “neutral” rating in a report on Friday. Barclays raised their target price on shares of M&T Bank from $170.00 to $228.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Morgan Stanley raised their target price on shares of M&T Bank from $195.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $197.47.

M&T Bank Company Profile

M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that engages in the provision of retail and commercial banking products and services in the United States. The company operates through three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management.