Benjamin F. Edwards & Company Inc. Buys 1,128 Shares of M&T Bank Co. (NYSE:MTB)

Benjamin F. Edwards & Company Inc. grew its stake in M&T Bank Co. (NYSE:MTB) by 26.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,439 shares of the financial services provider’s stock after purchasing an additional 1,128 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in M&T Bank were worth $745,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in MTB. HHM Wealth Advisors LLC bought a new stake in M&T Bank in the 4th quarter valued at $25,000. BKM Wealth Management LLC acquired a new stake in shares of M&T Bank during the 4th quarter valued at about $32,000. Headinvest LLC bought a new stake in M&T Bank in the third quarter valued at about $29,000. CVA Family Office LLC acquired a new position in M&T Bank in the fourth quarter worth about $33,000. Finally, Planned Solutions Inc. acquired a new stake in M&T Bank during the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 84.68% of the company’s stock.

Insider Buying and Selling at M&T Bank

In other M&T Bank news, EVP Doris P. Meister sold 3,961 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $143.60, for a total value of $568,799.60. Following the transaction, the executive vice president now directly owns 5,000 shares of the company’s stock, valued at approximately $718,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Doris P. Meister sold 1,675 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $137.91, for a total value of $230,999.25. Following the transaction, the executive vice president now directly owns 8,961 shares in the company, valued at $1,235,811.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Doris P. Meister sold 3,961 shares of M&T Bank stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $143.60, for a total transaction of $568,799.60. Following the completion of the sale, the executive vice president now owns 5,000 shares of the company’s stock, valued at approximately $718,000. The disclosure for this sale can be found here. Insiders have sold a total of 79,020 shares of company stock worth $11,533,507 over the last ninety days. Insiders own 0.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MTB. Keefe, Bruyette & Woods lifted their price objective on M&T Bank from $162.00 to $170.00 and gave the company a “market perform” rating in a report on Tuesday, April 16th. Jefferies Financial Group lowered their target price on M&T Bank from $154.00 to $151.00 and set a “hold” rating for the company in a research note on Monday, April 8th. JPMorgan Chase & Co. upped their price target on shares of M&T Bank from $170.00 to $180.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Bank of America raised their price target on shares of M&T Bank from $157.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, Piper Sandler dropped their target price on M&T Bank from $156.00 to $152.00 and set an “overweight” rating for the company in a research report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, M&T Bank presently has a consensus rating of “Hold” and an average price target of $158.48.

M&T Bank Price Performance

Shares of MTB opened at $148.31 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.99 and a debt-to-equity ratio of 0.46. The company’s fifty day simple moving average is $142.27 and its 200 day simple moving average is $135.15. M&T Bank Co. has a 1-year low of $108.53 and a 1-year high of $150.26. The company has a market cap of $24.71 billion, a price-to-earnings ratio of 10.03, a PEG ratio of 1.23 and a beta of 0.78.

M&T Bank (NYSE:MTB) last announced its quarterly earnings results on Monday, April 15th. The financial services provider reported $3.02 earnings per share for the quarter, missing analysts’ consensus estimates of $3.13 by ($0.11). M&T Bank had a return on equity of 10.68% and a net margin of 19.52%. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period last year, the firm earned $4.09 EPS. On average, research analysts forecast that M&T Bank Co. will post 13.92 earnings per share for the current fiscal year.

M&T Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 4th were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $5.20 dividend on an annualized basis and a yield of 3.51%. M&T Bank’s dividend payout ratio (DPR) is 35.16%.

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.