ORG Wealth Partners LLC Buys Shares of 522 M&T Bank Corporation (NYSE:MTB)

ORG Wealth Partners LLC bought a new stake in M&T Bank Corporation (NYSE:MTB) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 522 shares of the financial services provider’s stock, valued at approximately $92,000.

Other hedge funds have also recently bought and sold shares of the company. US Bancorp DE increased its holdings in M&T Bank by 24.3% in the 4th quarter. US Bancorp DE now owns 8,382 shares of the financial services provider’s stock valued at $1,576,000 after buying an additional 1,639 shares during the period. American Century Companies Inc. increased its holdings in M&T Bank by 0.9% in the 4th quarter. American Century Companies Inc. now owns 67,987 shares of the financial services provider’s stock valued at $12,782,000 after buying an additional 610 shares during the period. Rockefeller Capital Management L.P. bought a new position in M&T Bank in the 4th quarter valued at about $2,035,000. First Manhattan CO. LLC. increased its holdings in M&T Bank by 295.2% in the 4th quarter. First Manhattan CO. LLC. now owns 9,636 shares of the financial services provider’s stock valued at $1,812,000 after buying an additional 7,198 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in shares of M&T Bank by 3.8% during the 1st quarter. Farther Finance Advisors LLC now owns 2,726 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 99 shares during the last quarter. 84.68% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MTB shares. JPMorgan Chase & Co. decreased their price target on shares of M&T Bank from $212.50 to $186.50 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. DA Davidson decreased their price target on shares of M&T Bank from $205.00 to $189.00 and set a “neutral” rating on the stock in a report on Tuesday, April 15th. TD Cowen started coverage on shares of M&T Bank in a report on Thursday, May 15th. They set a “buy” rating and a $230.00 price target on the stock. Evercore ISI decreased their price target on shares of M&T Bank from $234.00 to $205.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of M&T Bank in a research report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $210.63.

Insider Activity

In other news, Director Robert E. Sadler, Jr. sold 6,700 shares of the company’s stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $183.52, for a total value of $1,229,584.00. Following the sale, the director now directly owns 23,070 shares of the company’s stock, valued at approximately $4,233,806.40. This represents a 22.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.53% of the company’s stock.

M&T Bank Trading Up 1.7%

NYSE:MTB opened at $184.74 on Friday. The firm’s fifty day moving average is $176.69 and its 200-day moving average is $184.29. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.97 and a current ratio of 0.97. M&T Bank Corporation has a 52 week low of $145.25 and a 52 week high of $225.70. The firm has a market cap of $29.65 billion, a P/E ratio of 12.37, a P/E/G ratio of 1.32 and a beta of 0.62.

M&T Bank (NYSE:MTB) last posted 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). M&T Bank had a net margin of 19.86% and a return on equity of 10.18%. The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the prior year, the company posted $3.09 earnings per share. Equities analysts expect that M&T Bank Corporation will post 16.57 earnings per share for the current year.

M&T Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 2nd will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Monday, June 2nd. M&T Bank’s dividend payout ratio is currently 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.