First United Bank Trust Has $1.04 Million Position in M&T Bank Co. (MTB)

First United Bank Trust lessened its holdings in shares of M&T Bank Co. (NYSE:MTB) by 1.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 6,609 shares of the financial services provider’s stock after selling 115 shares during the period. First United Bank Trust’s holdings in M&T Bank were worth $1,038,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MTB. BlackRock Inc. increased its stake in M&T Bank by 2.3% in the 4th quarter. BlackRock Inc. now owns 10,220,602 shares of the financial services provider’s stock valued at $1,462,876,000 after buying an additional 234,015 shares during the last quarter. FMR LLC increased its stake in shares of M&T Bank by 74.1% during the 4th quarter. FMR LLC now owns 5,947,002 shares of the financial services provider’s stock worth $851,195,000 after purchasing an additional 2,532,038 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of M&T Bank by 0.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,761,927 shares of the financial services provider’s stock worth $948,067,000 after purchasing an additional 43,529 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of M&T Bank by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 2,013,252 shares of the financial services provider’s stock worth $287,704,000 after purchasing an additional 95,142 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of M&T Bank by 1.4% during the 4th quarter. Northern Trust Corp now owns 1,500,637 shares of the financial services provider’s stock worth $214,785,000 after purchasing an additional 21,031 shares during the last quarter. 81.00% of the stock is owned by hedge funds and other institutional investors.

In other M&T Bank news, insider Brian E. Hickey sold 4,000 shares of the firm’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $168.53, for a total value of $674,120.00. Following the transaction, the insider now directly owns 17,819 shares of the company’s stock, valued at $3,003,036.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary N. Geisel sold 1,001 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $173.00, for a total transaction of $173,173.00. Following the transaction, the director now directly owns 17,512 shares in the company, valued at $3,029,576. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,608 shares of company stock worth $1,985,297. 0.54% of the stock is owned by insiders.

MTB opened at $170.36 on Friday. M&T Bank Co. has a twelve month low of $133.78 and a twelve month high of $187.07. The company has a quick ratio of 1.06, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. The firm has a market cap of $23.55 billion, a PE ratio of 13.25, a PEG ratio of 1.55 and a beta of 1.08.

M&T Bank (NYSE:MTB) last issued its earnings results on Monday, April 15th. The financial services provider reported $3.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.30 by $0.05. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.51 billion. M&T Bank had a net margin of 30.84% and a return on equity of 14.46%. During the same period in the prior year, the firm earned $2.23 earnings per share. As a group, research analysts anticipate that M&T Bank Co. will post 14.61 earnings per share for the current fiscal year.

Several research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of M&T Bank from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Barclays boosted their price objective on shares of M&T Bank from $207.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, April 5th. UBS Group set a $169.00 price objective on shares of M&T Bank and gave the company a “hold” rating in a report on Tuesday, April 2nd. ValuEngine raised shares of M&T Bank from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Finally, Wedbush set a $165.00 price target on shares of M&T Bank and gave the stock a “hold” rating in a report on Friday, January 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $179.25.

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About M&T Bank

M&T Bank Corporation operates as the holding company for Manufacturers and Traders Trust Company; and Wilmington Trust, National Association that provide banking services. The company's Business Banking segment offers deposits, business loans and leases, and credit cards; and cash management, payroll, and letters of credit services to small businesses and professionals.

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

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