Regent Peak Wealth Advisors LLC Purchases Shares of 1,241 M&T Bank Co. (NYSE:MTB)

Regent Peak Wealth Advisors LLC acquired a new position in M&T Bank Co. (NYSE:MTB) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,241 shares of the financial services provider’s stock, valued at approximately $221,000.

Several other hedge funds also recently made changes to their positions in the business. Fisher Asset Management LLC increased its holdings in shares of M&T Bank by 2.8% in the fourth quarter. Fisher Asset Management LLC now owns 15,878 shares of the financial services provider’s stock valued at $2,177,000 after buying an additional 439 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of M&T Bank during the fourth quarter worth $788,000. Nomura Holdings Inc. lifted its holdings in shares of M&T Bank by 98.3% during the fourth quarter. Nomura Holdings Inc. now owns 19,588 shares of the financial services provider’s stock valued at $2,685,000 after purchasing an additional 9,708 shares during the last quarter. Los Angeles Capital Management LLC boosted its position in shares of M&T Bank by 63.9% in the 1st quarter. Los Angeles Capital Management LLC now owns 414,253 shares of the financial services provider’s stock valued at $60,249,000 after purchasing an additional 161,520 shares during the period. Finally, GAMMA Investing LLC increased its stake in M&T Bank by 25.0% in the 1st quarter. GAMMA Investing LLC now owns 1,534 shares of the financial services provider’s stock worth $223,000 after purchasing an additional 307 shares in the last quarter. Institutional investors and hedge funds own 84.68% of the company’s stock.

Analysts Set New Price Targets

MTB has been the subject of several recent analyst reports. Citigroup raised their target price on shares of M&T Bank from $180.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, July 19th. DA Davidson raised their price objective on shares of M&T Bank from $159.00 to $185.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Keefe, Bruyette & Woods boosted their target price on shares of M&T Bank from $170.00 to $180.00 and gave the company a “market perform” rating in a research note on Friday, July 19th. Wells Fargo & Company cut M&T Bank from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $170.00 to $165.00 in a research report on Thursday, August 15th. Finally, Royal Bank of Canada upped their price target on M&T Bank from $160.00 to $174.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $185.75.

Insider Buying and Selling at M&T Bank

In other news, Director Denis J. Salamone sold 10,000 shares of M&T Bank stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $172.03, for a total transaction of $1,720,300.00. Following the sale, the director now directly owns 44,902 shares in the company, valued at approximately $7,724,491.06. The trade was 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 other news, Director Robert E. Sadler, Jr. sold 1,000 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $172.23, for a total value of $172,230.00. Following the completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Denis J. Salamone sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $172.03, for a total value of $1,720,300.00. Following the completion of the sale, the director now directly owns 44,902 shares in the company, valued at approximately $7,724,491.06. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,699 shares of company stock valued at $5,115,349 in the last 90 days. 0.82% of the stock is currently owned by company insiders.

M&T Bank Stock Performance

NYSE MTB traded up $3.32 during trading on Wednesday, hitting $189.20. The company’s stock had a trading volume of 410,323 shares, compared to its average volume of 1,019,929. M&T Bank Co. has a 52 week low of $108.53 and a 52 week high of $190.41. The firm has a market cap of $31.57 billion, a P/E ratio of 12.57, a price-to-earnings-growth ratio of 3.27 and a beta of 0.75. The firm has a 50 day moving average price of $170.90 and a 200 day moving average price of $157.77. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.44.

M&T Bank (NYSE:MTB) last issued its quarterly earnings results on Thursday, July 18th. The financial services provider reported $3.73 earnings per share for the quarter, beating analysts’ consensus estimates of $3.50 by $0.23. The firm had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $2.27 billion. M&T Bank had a net margin of 17.84% and a return on equity of 9.62%. During the same period in the prior year, the firm earned $5.12 EPS. Equities research analysts forecast that M&T Bank Co. will post 14.16 earnings per share for the current fiscal year.

M&T Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 3rd were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend was Tuesday, September 3rd. M&T Bank’s dividend payout ratio is presently 36.51%.

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.