Curi RMB Capital LLC Has $12.50 Million Holdings in M&T Bank Co. (NYSE:MTB)

Curi RMB Capital LLC lifted its position in M&T Bank Co. (NYSE:MTB) by 43.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 66,480 shares of the financial services provider’s stock after acquiring an additional 20,076 shares during the period. Curi RMB Capital LLC’s holdings in M&T Bank were worth $12,499,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Y.D. More Investments Ltd grew its stake in shares of M&T Bank by 122.6% in the 4th quarter. Y.D. More Investments Ltd now owns 207 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 114 shares during the period. Human Investing LLC acquired a new position in M&T Bank during the fourth quarter worth $44,000. Sierra Ocean LLC acquired a new position in M&T Bank during the fourth quarter worth $44,000. Loomis Sayles & Co. L P bought a new position in shares of M&T Bank during the fourth quarter valued at $52,000. Finally, Principal Securities Inc. boosted its stake in shares of M&T Bank by 47.5% in the 4th quarter. Principal Securities Inc. now owns 410 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 132 shares in the last quarter. 84.68% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Christopher E. Kay sold 1,738 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $172.34, for a total value of $299,526.92. Following the completion of the transaction, the executive vice president now owns 10,751 shares in the company, valued at $1,852,827.34. This represents a 13.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.53% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MTB has been the topic of a number of recent analyst reports. Royal Bank of Canada reduced their price target on shares of M&T Bank from $208.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Barclays decreased their price target on M&T Bank from $235.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 15th. Wells Fargo & Company reduced their price objective on M&T Bank from $185.00 to $175.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 15th. DA Davidson decreased their target price on M&T Bank from $205.00 to $189.00 and set a “neutral” rating on the stock in a report on Tuesday, April 15th. Finally, StockNews.com raised M&T Bank from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, M&T Bank presently has an average rating of “Hold” and a consensus target price of $208.14.

M&T Bank Stock Up 0.8 %

M&T Bank stock opened at $160.09 on Friday. M&T Bank Co. has a fifty-two week low of $139.78 and a fifty-two week high of $225.70. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.98 and a quick ratio of 0.99. The firm has a market capitalization of $26.30 billion, a price-to-earnings ratio of 10.94, a PEG ratio of 1.38 and a beta of 0.58. The company’s 50 day simple moving average is $177.25 and its 200 day simple moving average is $191.23.

M&T Bank (NYSE:MTB) last released its quarterly earnings data on Monday, April 14th. The financial services provider reported $3.38 EPS for the quarter, missing analysts’ consensus estimates of $3.41 by ($0.03). The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.35 billion. M&T Bank had a net margin of 19.24% and a return on equity of 10.12%. During the same quarter in the prior year, the company earned $3.09 EPS. As a group, sell-side analysts anticipate that M&T Bank Co. will post 16.57 EPS for the current year.

M&T Bank declared that its board has initiated a share buyback program on Wednesday, January 22nd that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the financial services provider to reacquire up to 12.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

M&T Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 3rd were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend was Monday, March 3rd. M&T Bank’s dividend payout ratio (DPR) is presently 36.17%.

M&T Bank Profile

M&T Bank Corp. operates as a bank holding company, which engages in the provision of retail and commercial banking, trust, wealth management, and investment services. It operates through the following segments: Commercial Bank, Retail Bank, Institutional Services and Wealth Management, and All Other.