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 supplierâ€™s inventory after buying an extra 9,109 shares throughout the quarter. US Bancorp DEâ€™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 supplierâ€™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 supplierâ€™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 corporateâ€™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 corporateâ€™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 corporateâ€™s inventory.
A number of analysts have not too long ago issued studies on MTB shares. ValuEngine lower M&T Financial institution from a â€œmaintainâ€ score to a â€œpromoteâ€ 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 â€œimpartialâ€ score in a analysis notice on Tuesday, March 19th. Zacks Funding Analysis lower M&T Financial institution from a â€œpurchaseâ€ score to a â€œmaintainâ€ 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 â€œmaintainâ€ 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 â€œobeseâ€ 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 â€œPurchaseâ€ 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 Zacksâ€™ 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 analystsâ€™ 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 institutionâ€™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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