Natixis Advisors LLC Grows Holdings in M&T Bank Corporation $MTB

Natixis Advisors LLC increased its holdings in M&T Bank Corporation (NYSE:MTB) by 12.6% in the 3rd quarter, Holdings Channel reports. The fund owned 233,650 shares of the financial services provider’s stock after buying an additional 26,068 shares during the quarter. Natixis Advisors LLC’s holdings in M&T Bank were worth $46,174,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Golden State Wealth Management LLC boosted its stake in M&T Bank by 2,214.3% during the second quarter. Golden State Wealth Management LLC now owns 162 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 155 shares in the last quarter. Bank of Jackson Hole Trust increased its stake in shares of M&T Bank by 342.9% during the third quarter. Bank of Jackson Hole Trust now owns 155 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 120 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of M&T Bank during the second quarter valued at approximately $36,000. Ameriflex Group Inc. lifted its holdings in shares of M&T Bank by 82.4% during the third quarter. Ameriflex Group Inc. now owns 186 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 84 shares during the last quarter. Finally, Westside Investment Management Inc. boosted its position in shares of M&T Bank by 61.8% in the 3rd quarter. Westside Investment Management Inc. now owns 199 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 76 shares in the last quarter. 84.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MTB has been the subject of a number of analyst reports. Barclays raised their price objective on M&T Bank from $220.00 to $236.00 and gave the company an “equal weight” rating in a research report on Monday, January 5th. JPMorgan Chase & Co. lifted their price target on M&T Bank from $217.00 to $244.50 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Robert W. Baird increased their price objective on shares of M&T Bank from $225.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. Piper Sandler lifted their target price on shares of M&T Bank from $225.00 to $235.00 in a report on Friday, January 16th. Finally, Wolfe Research cut shares of M&T Bank from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, M&T Bank has a consensus rating of “Hold” and a consensus price target of $232.87.

Insider Transactions at M&T Bank

In related news, Vice Chairman Gary N. Geisel sold 887 shares of the company’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $215.79, for a total transaction of $191,405.73. Following the completion of the sale, the insider owned 16,446 shares in the company, valued at approximately $3,548,882.34. This represents a 5.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John P. Barnes sold 21,193 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $235.85, for a total value of $4,998,369.05. Following the completion of the transaction, the director directly owned 15,142 shares in the company, valued at $3,571,240.70. The trade was a 58.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 49,092 shares of company stock worth $11,182,250. 0.53% of the stock is currently owned by insiders.

M&T Bank Price Performance

Shares of NYSE:MTB opened at $208.79 on Tuesday. The business has a 50-day simple moving average of $219.24 and a two-hundred day simple moving average of $202.57. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $31.11 billion, a price-to-earnings ratio of 12.25, a price-to-earnings-growth ratio of 0.92 and a beta of 0.58. M&T Bank Corporation has a fifty-two week low of $150.75 and a fifty-two week high of $239.00.

M&T Bank (NYSE:MTB) last announced its quarterly earnings results on Friday, January 16th. The financial services provider reported $4.72 EPS for the quarter, topping analysts’ consensus estimates of $4.47 by $0.25. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $2.47 billion. M&T Bank had a net margin of 21.55% and a return on equity of 10.94%. During the same period in the previous year, the business posted $3.77 earnings per share. On average, analysts expect that M&T Bank Corporation will post 16.57 earnings per share for the current year.

M&T Bank Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 2nd will be paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, March 2nd. M&T Bank’s dividend payout ratio (DPR) is 35.19%.

About M&T Bank

M&T Bank Corporation is a bank holding company headquartered in Buffalo, New York, that provides a broad range of banking and financial services to individuals, businesses and institutions. The company operates a commercial and retail banking franchise that includes deposit-taking, lending, and payment services delivered through branch networks, digital channels and commercial banking teams. M&T serves customers across the northeastern and mid‑Atlantic United States and has expanded its geographic footprint through strategic acquisitions.

Its core businesses include commercial banking for middle‑market and community businesses, consumer and retail banking, mortgage origination and servicing, treasury and cash management, and wealth management and trust services.