Dopkins Wealth Management LLC Boosts Position in M&T Bank Co. (NYSE:MTB)

Dopkins Wealth Management LLC boosted its holdings in M&T Bank Co. (NYSE:MTB - Free Report) by 412.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,964 shares of the financial services provider's stock after buying an additional 4,800 shares during the quarter. Dopkins Wealth Management LLC's holdings in M&T Bank were worth $1,121,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Y.D. More Investments Ltd increased its position in M&T Bank by 122.6% during 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 stake in M&T Bank during the 4th quarter valued at approximately $44,000. Sierra Ocean LLC acquired a new stake in M&T Bank during the 4th quarter valued at approximately $44,000. Principal Securities Inc. increased its position in M&T Bank by 47.5% during 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 during the period. Finally, Kentucky Trust Co acquired a new stake in M&T Bank during the 4th quarter valued at approximately $92,000. Institutional investors own 84.68% of the company's stock.

Insider Transactions at M&T Bank

In other news, EVP Christopher E. Kay sold 1,738 shares of M&T Bank stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $172.34, for a total transaction of $299,526.92. Following the sale, the executive vice president now directly owns 10,751 shares in the company, valued at $1,852,827.34. The trade was a 13.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.53% of the company's stock.

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Analyst Ratings Changes

Several brokerages have recently commented on MTB. Keefe, Bruyette & Woods raised their price objective on shares of M&T Bank from $205.00 to $221.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. StockNews.com raised shares of M&T Bank from a "sell" rating to a "hold" rating in a research report on Wednesday, February 5th. Compass Point raised their price objective on shares of M&T Bank from $220.00 to $250.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. DA Davidson lifted their price target on shares of M&T Bank from $222.00 to $223.00 and gave the company a "neutral" rating in a research report on Friday, January 17th. Finally, Citigroup downgraded shares of M&T Bank from a "buy" rating to a "neutral" rating and lifted their price target for the company from $220.00 to $230.00 in a research report on Monday, November 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $222.03.

M&T Bank Stock Up 0.7 %

NYSE:MTB traded up $1.28 during trading hours on Friday, hitting $178.19. 8,883,487 shares of the company traded hands, compared to its average volume of 1,049,370. The company has a quick ratio of 0.99, a current ratio of 0.98 and a debt-to-equity ratio of 0.47. The firm's 50-day simple moving average is $190.99 and its 200-day simple moving average is $192.04. M&T Bank Co. has a one year low of $133.03 and a one year high of $225.70. The company has a market cap of $29.27 billion, a PE ratio of 12.18, a PEG ratio of 1.38 and a beta of 0.74.

M&T Bank (NYSE:MTB - Get Free Report) last released its earnings results on Thursday, January 16th. The financial services provider reported $3.92 EPS for the quarter, topping analysts' consensus estimates of $3.70 by $0.22. M&T Bank had a return on equity of 10.12% and a net margin of 19.24%. During the same quarter in the previous year, the business posted $2.74 EPS. Equities analysts predict that M&T Bank Co. will post 16.57 earnings per share for the current year.

M&T Bank announced that its Board of Directors has authorized a stock repurchase program on Wednesday, January 22nd that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the financial services provider to reacquire up to 12.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its stock is undervalued.

M&T Bank Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 3rd will be paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend is Monday, March 3rd. M&T Bank's payout ratio is 36.91%.

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: Business Banking, Commercial Banking, Commercial Real Estate, Discretionary Portfolio, Residential Mortgage Banking, and Retail Banking.