US Bancorp DE Boosts Stake in M&T Financial institution Co. (NYSE:MTB)


US Bancorp DE raised its place in shares of M&T Financial institution Co. (NYSE:MTB) by 104.0% within the first quarter, in response to its most up-to-date Kind 13F submitting with the Securities and Change Fee (SEC). The fund owned 17,866 shares of the monetary providers supplier’s inventory after buying an extra 9,109 shares throughout the quarter. US Bancorp DE’s holdings in M&T Financial institution had been value $2,805,000 as of its most up-to-date SEC submitting.

A number of different hedge funds additionally not too long ago purchased and bought shares of the corporate. Monetary Gravity Corporations Inc. bought a brand new place in M&T Financial institution within the fourth quarter value roughly $30,000. Doyle Wealth Administration bought a brand new place in shares of M&T Financial institution throughout the fourth quarter value $29,000. Liberty Wealth Administration LLC boosted its place in shares of M&T Financial institution by 972.7% throughout the first quarter. Liberty Wealth Administration LLC now owns 236 shares of the monetary providers supplier’s inventory value $37,000 after shopping for an extra 214 shares throughout the interval. JOYN Advisors Inc. raised its stake in shares of M&T Financial institution by 141.4% within the fourth quarter. JOYN Advisors Inc. now owns 239 shares of the monetary providers supplier’s inventory valued at $34,000 after buying an extra 140 shares within the final quarter. Lastly, Pearl River Capital LLC acquired a brand new stake in shares of M&T Financial institution within the first quarter valued at $42,000. Institutional traders and hedge funds personal 81.55% of the corporate’s inventory.

In different M&T Financial institution information, insider William J. Farrell II bought 1,476 shares of M&T Financial institution inventory in a transaction that occurred on Thursday, Might 2nd. The inventory was bought at a mean value of $169.43, for a complete worth of $250,078.68. Following the sale, the insider now owns 13,844 shares of the corporate’s inventory, valued at roughly $2,345,588.92. The sale was disclosed in a submitting with the Securities & Change Fee, which is obtainable by way of the SEC web site. Additionally, insider Doris P. Meister bought 460 shares of M&T Financial institution inventory in a transaction that occurred on Monday, June third. The shares had been bought at a mean value of $160.29, for a complete worth of $73,733.40. Following the completion of the sale, the insider now immediately owns 1,553 shares within the firm, valued at roughly $248,930.37. The disclosure for this sale could be discovered right here. Within the final three months, insiders have bought 9,521 shares of firm inventory value $1,594,509. Company insiders personal 0.54% of the corporate’s inventory.

A number of analysts have not too long ago issued studies on MTB shares. ValuEngine lower M&T Financial institution from a “maintain” score to a “promote” score in a analysis notice on Wednesday, February 27th. Citigroup elevated their value goal on M&T Financial institution from $162.00 to $172.00 and gave the corporate a “impartial” score in a analysis notice on Tuesday, March 19th. Zacks Funding Analysis lower M&T Financial institution from a “purchase” score to a “maintain” score in a analysis notice on Friday, March 29th. UBS Group set a $169.00 value goal on M&T Financial institution and gave the corporate a “maintain” score in a analysis notice on Tuesday, April 2nd. Lastly, Barclays raised their value goal on M&T Financial institution from $207.00 to $210.00 and gave the corporate an “obese” score in a analysis notice on Friday, April fifth. Eight analysts have rated the inventory with a maintain score and eight have issued a purchase score to the inventory. The corporate presently has a consensus score of “Purchase” and a mean goal value of $179.25.

Shares of MTB traded down $0.32 throughout noon buying and selling on Friday, reaching $165.51. 1,266,723 shares of the inventory had been exchanged, in comparison with its common quantity of 560,906. The corporate has a debt-to-equity ratio of 0.59, a fast ratio of 1.06 and a present ratio of 1.06. M&T Financial institution Co. has a twelve month low of $133.78 and a twelve month excessive of $180.77. The inventory has a market capitalization of $22.61 billion, a P/E ratio of 12.87, a price-to-earnings-growth ratio of 1.50 and a beta of 1.07.

M&T Financial institution (NYSE:MTB) final posted its earnings outcomes on Monday, April 15th. The monetary providers supplier reported $3.35 EPS for the quarter, topping the Zacks’ consensus estimate of $3.30 by $0.05. M&T Financial institution had a return on fairness of 14.46% and a internet margin of 30.84%. The enterprise had income of $1.55 billion for the quarter, in comparison with analysts’ expectations of $1.51 billion. Throughout the identical quarter within the earlier yr, the agency earned $2.23 earnings per share. On common, equities analysis analysts forecast that M&T Financial institution Co. will publish 14.66 EPS for the present fiscal yr.

The enterprise additionally not too long ago declared a quarterly dividend, which can be paid on Friday, June 28th. Traders of file on Monday, June third can be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized foundation and a dividend yield of two.42%. The ex-dividend date is Friday, Might 31st. M&T Financial institution’s dividend payout ratio is presently 31.10%.

M&T Financial institution Firm Profile

M&T Financial institution Company operates because the holding firm for Producers and Merchants Belief Firm; and Wilmington Belief, Nationwide Affiliation that present banking providers. The corporate’s Enterprise Banking phase gives deposits, enterprise loans and leases, and bank cards; and money administration, payroll, and letters of credit score providers to small companies and professionals.

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Institutional Ownership by Quarter for M&T Bank (NYSE:MTB)

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