Entropy Technologies LP Increases Holdings in M&T Bank Corporation $MTB

Entropy Technologies LP lifted its position in shares of M&T Bank Corporation (NYSE:MTB) by 107.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,018 shares of the financial services provider’s stock after acquiring an additional 24,887 shares during the quarter. Entropy Technologies LP’s holdings in M&T Bank were worth $9,675,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of MTB. Triumph Capital Management purchased a new stake in M&T Bank in the 3rd quarter valued at approximately $32,000. Elyxium Wealth LLC purchased a new stake in M&T Bank in the 4th quarter valued at approximately $33,000. Ameriflex Group Inc. lifted its stake in M&T Bank by 82.4% in the 3rd quarter. Ameriflex Group Inc. now owns 186 shares of the financial services provider’s stock valued at $37,000 after buying an additional 84 shares in the last quarter. Bank of Jackson Hole Trust lifted its stake in M&T Bank by 38.7% in the 4th quarter. Bank of Jackson Hole Trust now owns 215 shares of the financial services provider’s stock valued at $43,000 after buying an additional 60 shares in the last quarter. Finally, Hoese & Co LLP purchased a new stake in M&T Bank in the 4th quarter valued at approximately $50,000. Hedge funds and other institutional investors own 84.68% of the company’s stock.

Insider Buying and Selling at M&T Bank

In other M&T Bank news, EVP Christopher E. Kay sold 3,105 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $216.50, for a total transaction of $672,232.50. Following the transaction, the executive vice president owned 6,753 shares of the company’s stock, valued at $1,462,024.50. This represents a 31.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.44% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on MTB. Argus upped their target price on M&T Bank from $230.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, April 17th. UBS Group set a $235.00 target price on M&T Bank in a research note on Thursday, April 16th. The Goldman Sachs Group upped their target price on M&T Bank from $231.00 to $235.00 and gave the company a “neutral” rating in a research note on Monday, April 6th. Piper Sandler upped their target price on M&T Bank from $235.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, April 16th. Finally, Cantor Fitzgerald reduced their target price on M&T Bank from $255.00 to $253.00 and set an “overweight” rating on the stock in a research note on Friday, April 17th. Eight investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $235.32.

M&T Bank Trading Up 1.6%

Shares of M&T Bank stock opened at $231.57 on Friday. M&T Bank Corporation has a fifty-two week low of $174.76 and a fifty-two week high of $239.00. The firm has a market cap of $33.91 billion, a PE ratio of 12.97, a P/E/G ratio of 1.18 and a beta of 0.57. The business’s fifty day moving average is $215.90 and its two-hundred day moving average is $212.38. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.44.

M&T Bank (NYSE:MTB) last issued its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $4.18 earnings per share for the quarter, topping analysts’ consensus estimates of $4.02 by $0.16. M&T Bank had a return on equity of 11.35% and a net margin of 22.07%.The company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.43 billion. During the same quarter in the prior year, the company posted $3.32 EPS. Analysts anticipate that M&T Bank Corporation will post 18.69 earnings per share for the current year.

M&T Bank declared that its Board of Directors has authorized a share repurchase program on Tuesday, March 31st that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the financial services provider to buy up to 16.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

M&T Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 1st will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, June 1st. M&T Bank’s dividend payout ratio is currently 33.59%.

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.