KBC Group NV Has $1.32 Million Position in M&T Bank Co. (MTB)

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KBC Group NV reduced its position in M&T Bank Co. (NYSE:MTB) by 24.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,209 shares of the financial services provider’s stock after selling 2,966 shares during the period. KBC Group NV’s holdings in M&T Bank were worth $1,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc increased its holdings in M&T Bank by 21.9% in the 4th quarter. IFP Advisors Inc now owns 351 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 63 shares in the last quarter. Moody Lynn & Lieberson LLC increased its holdings in M&T Bank by 1.4% in the 4th quarter. Moody Lynn & Lieberson LLC now owns 5,527 shares of the financial services provider’s stock worth $791,000 after acquiring an additional 75 shares in the last quarter. First Midwest Bank Trust Division increased its holdings in M&T Bank by 7.7% in the 4th quarter. First Midwest Bank Trust Division now owns 1,406 shares of the financial services provider’s stock worth $201,000 after acquiring an additional 100 shares in the last quarter. First National Bank of Omaha increased its holdings in M&T Bank by 0.3% in the 4th quarter. First National Bank of Omaha now owns 37,632 shares of the financial services provider’s stock worth $5,387,000 after acquiring an additional 121 shares in the last quarter. Finally, Norway Savings Bank increased its holdings in M&T Bank by 3.6% in the 4th quarter. Norway Savings Bank now owns 4,335 shares of the financial services provider’s stock worth $620,000 after acquiring an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

M&T Bank stock opened at $168.35 on Tuesday. M&T Bank Co. has a 52-week low of $133.78 and a 52-week high of $197.37. The firm has a market cap of $23.40 billion, a PE ratio of 13.09, a price-to-earnings-growth ratio of 0.86 and a beta of 1.07. The company has a quick ratio of 1.07, a current ratio of 1.01 and a debt-to-equity ratio of 0.59.

M&T Bank (NYSE:MTB) last released its earnings results on Thursday, January 17th. The financial services provider reported $3.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.49 by $0.27. M&T Bank had a net margin of 29.72% and a return on equity of 14.24%. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the firm earned $2.66 earnings per share. Equities research analysts anticipate that M&T Bank Co. will post 14.62 EPS for the current fiscal year.

In other news, insider Michael J. Todaro sold 708 shares of the company’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $164.86, for a total transaction of $116,720.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sabeth Siddique sold 365 shares of the company’s stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $165.67, for a total transaction of $60,469.55. Following the sale, the insider now directly owns 1,464 shares of the company’s stock, valued at approximately $242,540.88. The disclosure for this sale can be found here. Insiders have sold 13,174 shares of company stock valued at $2,172,489 in the last ninety days. Insiders own 0.48% of the company’s stock.

MTB has been the subject of several recent analyst reports. Zacks Investment Research raised shares of M&T Bank from a “hold” rating to a “buy” rating and set a $183.00 price target for the company in a report on Friday, January 18th. ValuEngine raised shares of M&T Bank from a “sell” rating to a “hold” rating in a report on Friday, November 16th. Morgan Stanley cut their price target on shares of M&T Bank from $175.00 to $173.00 and set an “equal weight” rating for the company in a report on Tuesday, January 8th. Robert W. Baird raised shares of M&T Bank from a “neutral” rating to an “outperform” rating in a report on Tuesday, October 23rd. Finally, Nomura cut their price target on shares of M&T Bank from $195.00 to $178.00 and set a “neutral” rating for the company in a report on Thursday, October 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $180.40.

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M&T Bank Profile

M&T Bank Corporation operates as the holding company for Manufacturers and Traders Trust Company; and Wilmington Trust, National Association that provide retail and commercial banking services. The company's Business Banking segment offers deposit, lending, cash management, and other financial services to small businesses and professionals.

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

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