2,384 M&T Bank Corporation $MTB Shares Sold by Reinhart Partners LLC.

Reinhart Partners LLC. reduced its holdings in shares of M&T Bank Corporation (NYSE:MTB) by 14.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,524 shares of the financial services provider’s stock after selling 2,384 shares during the quarter. Reinhart Partners LLC.’s holdings in M&T Bank were worth $3,160,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp acquired a new position in M&T Bank during the second quarter worth $330,978,000. Davis Asset Management L.P. bought a new stake in M&T Bank during the 2nd quarter worth about $97,584,000. Squarepoint Ops LLC boosted its stake in shares of M&T Bank by 718.5% during the 2nd quarter. Squarepoint Ops LLC now owns 224,397 shares of the financial services provider’s stock worth $53,409,000 after buying an additional 196,982 shares during the last quarter. Danske Bank A S acquired a new position in shares of M&T Bank during the 2nd quarter worth about $34,683,000. Finally, Susquehanna Fundamental Investments LLC grew its holdings in shares of M&T Bank by 205.4% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 110,553 shares of the financial services provider’s stock valued at $26,313,000 after acquiring an additional 74,353 shares in the last quarter. 84.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on MTB shares. Truist Financial dropped their target price on M&T Bank from $268.00 to $250.00 and set a “hold” rating on the stock in a report on Wednesday, September 23rd. UBS Group lowered their price target on M&T Bank from $255.00 to $238.00 and set a “neutral” rating on the stock in a research report on Monday. DA Davidson upped their price objective on M&T Bank from $263.00 to $266.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Wells Fargo & Company increased their price objective on M&T Bank from $215.00 to $224.00 and gave the company an “underweight” rating in a report on Thursday, July 16th. Finally, Wall Street Zen raised shares of M&T Bank from a “sell” rating to a “hold” rating in a research note on Monday, July 20th. Eight research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $250.21.

M&T Bank Trading Down 0.1%

M&T Bank stock opened at $217.32 on Friday. The stock has a 50-day simple moving average of $235.29 and a 200 day simple moving average of $228.02. The stock has a market capitalization of $31.39 billion, a P/E ratio of 11.47, a PEG ratio of 1.23 and a beta of 0.61. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.96 and a current ratio of 0.96. M&T Bank Corporation has a 52 week low of $174.76 and a 52 week high of $255.95.

M&T Bank (NYSE:MTB) last released its quarterly earnings data on Wednesday, July 15th. The financial services provider reported $5.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.66 by $0.69. M&T Bank had a return on equity of 11.80% and a net margin of 22.72%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the prior year, the company earned $4.28 earnings per share. Analysts expect that M&T Bank Corporation will post 19.42 earnings per share for the current year.

M&T Bank Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 1st were paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Tuesday, September 1st. M&T Bank’s dividend payout ratio is 31.68%.

M&T Bank News Summary

Here are the key news stories impacting M&T Bank this week:

• Positive Sentiment: Raymond James initiated coverage with an “outperform” rating and a $250 price target, implying substantial upside from the reference price. The call reflects confidence in M&T Bank’s earnings outlook and valuation. M&T Bank Stock Bumped Up to Moderate Buy by Raymond James Financial
• Positive Sentiment: Zacks said M&T Bank has the key factors needed for a potential earnings beat in its forthcoming report, raising expectations ahead of the release. A stronger-than-expected result could support the shares. M&T Bank Corporation Earnings Expected to Grow
• Neutral Sentiment: TD Cowen began coverage with a “hold” rating and a $245 price target. Although the target indicates potential upside, the neutral recommendation suggests the firm wants to see additional evidence from earnings or operating trends before becoming more constructive.
• Neutral Sentiment: M&T Bank is expected to announce quarterly earnings on Friday, making the report the primary near-term catalyst. Investors will focus on revenue, net interest income, credit quality and management’s outlook. M&T Bank Expected to Announce Earnings on Friday

Insiders Place Their Bets

In other M&T Bank news, Director Rudina Seseri sold 623 shares of M&T Bank stock in a transaction on Friday, August 21st. The shares were sold at an average price of $241.04, for a total transaction of $150,167.92. Following the completion of the transaction, the director directly owned 3,649 shares of the company’s stock, valued at $879,554.96. The trade was a 14.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Rene F. Jones sold 19,396 shares of the company’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $239.35, for a total transaction of $4,642,432.60. Following the completion of the transaction, the chief executive officer owned 103,831 shares in the company, valued at approximately $24,851,949.85. This represents a 15.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 20,028 shares of company stock worth $4,794,884. 0.44% of the stock is owned by company insiders.

About M&T Bank

M&T Bank Corporation is a regional financial services company headquartered in Buffalo, New York. Founded in 1856, the company operates primarily through its M&T Bank subsidiary and serves consumers, businesses, institutions and government entities.

M&T Bank provides a range of banking products and services, including checking and savings accounts, consumer lending, residential mortgages, credit cards, commercial loans, treasury management and investment services. Through its wealth management and institutional businesses, the company also offers trust, investment management, custody and related financial services.

The bank serves customers across a footprint concentrated in the Mid-Atlantic and Northeastern United States, including New York, Pennsylvania, Maryland, New Jersey, Delaware, Virginia, West Virginia and Washington, DC Its businesses also include Wilmington Trust, which provides wealth management, corporate and institutional trust, and related services.

John R.