M&T Bank Co. (MTB) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its holdings in M&T Bank Co. (NYSE:MTB) by 4.3% in the 4th quarter, Holdings Channel reports. The firm owned 70,830 shares of the financial services provider’s stock after selling 3,150 shares during the quarter. Nisa Investment Advisors LLC’s holdings in M&T Bank were worth $12,111,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Commonwealth Bank of Australia raised its position in M&T Bank by 4.9% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,117 shares of the financial services provider’s stock valued at $342,000 after purchasing an additional 99 shares during the last quarter. Verity Asset Management Inc. raised its position in M&T Bank by 17.5% in the 2nd quarter. Verity Asset Management Inc. now owns 1,912 shares of the financial services provider’s stock valued at $310,000 after purchasing an additional 285 shares during the last quarter. Sky Investment Group LLC raised its position in M&T Bank by 1.5% in the 3rd quarter. Sky Investment Group LLC now owns 26,560 shares of the financial services provider’s stock valued at $4,277,000 after purchasing an additional 395 shares during the last quarter. Pinebridge Investments L.P. raised its position in M&T Bank by 0.6% in the 2nd quarter. Pinebridge Investments L.P. now owns 82,265 shares of the financial services provider’s stock valued at $13,323,000 after purchasing an additional 466 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in M&T Bank by 1.2% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 40,476 shares of the financial services provider’s stock valued at $6,518,000 after purchasing an additional 482 shares during the last quarter. Hedge funds and other institutional investors own 77.73% of the company’s stock.

Shares of M&T Bank Co. (NYSE:MTB) opened at $178.52 on Friday. The firm has a market capitalization of $26,869.94, a price-to-earnings ratio of 20.33, a PEG ratio of 1.26 and a beta of 0.84. M&T Bank Co. has a 52-week low of $141.12 and a 52-week high of $179.49. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.05 and a current ratio of 1.05.

M&T Bank (NYSE:MTB) last released its earnings results on Wednesday, October 18th. The financial services provider reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.19). The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.43 billion. M&T Bank had a return on equity of 9.52% and a net margin of 23.97%. During the same quarter in the previous year, the firm earned $2.10 EPS. research analysts forecast that M&T Bank Co. will post 9.1 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 1st were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.68%. M&T Bank’s dividend payout ratio (DPR) is presently 34.64%.

In related news, Director Gary N. Geisel sold 1,046 shares of M&T Bank stock in a transaction on Friday, December 15th. The stock was sold at an average price of $170.49, for a total transaction of $178,332.54. Following the completion of the sale, the director now directly owns 17,586 shares of the company’s stock, valued at $2,998,237.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robert E. Sadler, Jr. sold 1,000 shares of M&T Bank stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $171.19, for a total value of $171,190.00. Following the sale, the director now directly owns 52,049 shares of the company’s stock, valued at $8,910,268.31. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 141,000 shares of company stock valued at $11,600 and have sold 32,128 shares valued at $5,474,208. 3.18% of the stock is owned by insiders.

Several equities analysts have issued reports on the company. Instinet reiterated a “neutral” rating and issued a $145.00 price objective (up previously from $144.00) on shares of M&T Bank in a research report on Saturday, September 30th. Vining Sparks reiterated a “buy” rating and issued a $200.00 price objective on shares of M&T Bank in a research report on Monday, January 8th. Nomura lifted their price objective on M&T Bank from $144.00 to $145.00 and gave the company a “neutral” rating in a research report on Thursday, September 28th. Barclays lifted their price objective on M&T Bank from $175.00 to $205.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Finally, ValuEngine upgraded M&T Bank from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the stock. M&T Bank currently has a consensus rating of “Hold” and an average price target of $170.78.

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M&T Bank Company Profile

M&T Bank Corporation (M&T) is a bank holding company. As of December 31, 2016, M&T had two bank subsidiaries: Manufacturers and Traders Trust Company (M&T Bank) and Wilmington Trust, National Association (Wilmington Trust, N.A.). The Company, along with its subsidiaries, offers a range of retail and commercial banking, trust and wealth management, and investment services.

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

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