Nisa Investment Advisors LLC lessened its stake in shares of M&T Bank Co. (NYSE:MTB) by 2.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,241 shares of the financial services provider’s stock after selling 1,420 shares during the quarter. Nisa Investment Advisors LLC’s holdings in M&T Bank were worth $11,558,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MTB. Private Capital Group LLC lifted its position in shares of M&T Bank by 728.4% during the 1st quarter. Private Capital Group LLC now owns 613 shares of the financial services provider’s stock worth $113,000 after buying an additional 539 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of M&T Bank by 8,330.0% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 843 shares of the financial services provider’s stock worth $143,000 after buying an additional 833 shares during the period. NEXT Financial Group Inc bought a new position in shares of M&T Bank during the 3rd quarter worth approximately $165,000. Cerebellum GP LLC bought a new position in shares of M&T Bank during the 2nd quarter worth approximately $171,000. Finally, Lcnb Corp bought a new position in shares of M&T Bank during the 2nd quarter worth approximately $214,000. Institutional investors and hedge funds own 81.23% of the company’s stock.

Shares of MTB opened at $160.77 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.58. M&T Bank Co. has a 52-week low of $155.36 and a 52-week high of $197.37. The firm has a market capitalization of $23.66 billion, a price-to-earnings ratio of 17.31, a price-to-earnings-growth ratio of 0.89 and a beta of 0.95.

M&T Bank (NYSE:MTB) last issued its quarterly earnings data on Wednesday, October 17th. The financial services provider reported $3.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.35 by $0.18. M&T Bank had a return on equity of 11.80% and a net margin of 24.57%. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the company posted $2.21 EPS. On average, equities research analysts forecast that M&T Bank Co. will post 12.81 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Tuesday, September 4th were given a $1.00 dividend. This is an increase from M&T Bank’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Friday, August 31st. This represents a $4.00 annualized dividend and a yield of 2.49%. M&T Bank’s payout ratio is presently 42.78%.

In other M&T Bank news, Director Denis J. Salamone sold 25,209 shares of M&T Bank stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $179.76, for a total value of $4,531,569.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.48% of the company’s stock.

Several equities analysts recently commented on the company. Evercore ISI upgraded M&T Bank from an “in-line” rating to an “outperform” rating in a research report on Monday, October 1st. They noted that the move was a valuation call. Wedbush set a $188.00 target price on M&T Bank and gave the stock a “hold” rating in a research report on Thursday. ValuEngine upgraded M&T Bank from a “sell” rating to a “hold” rating in a research report on Thursday, July 19th. Zacks Investment Research downgraded M&T Bank from a “buy” rating to a “hold” rating in a research report on Friday, September 21st. Finally, Goldman Sachs Group upgraded M&T Bank from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 26th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $181.67.

M&T Bank Profile

M&T Bank Corporation operates as the holding company for Manufacturers and Traders Trust Company; and Wilmington Trust, National Association that provide retail and commercial banking services. The company's Business Banking segment offers deposit, lending, cash management, and other financial services to small businesses and professionals.

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

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