Jackson Creek Investment Advisors LLC Invests $285,000 in M&T Bank Co. (NYSE:MTB)

Jackson Creek Investment Advisors LLC purchased a new stake in M&T Bank Co. (NYSE:MTB - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,516 shares of the financial services provider's stock, valued at approximately $285,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of MTB. FMR LLC lifted its position in M&T Bank by 13.9% during the 3rd quarter. FMR LLC now owns 12,349,398 shares of the financial services provider's stock worth $2,199,675,000 after acquiring an additional 1,508,846 shares in the last quarter. State Street Corp lifted its position in shares of M&T Bank by 6.4% during the third quarter. State Street Corp now owns 8,773,439 shares of the financial services provider's stock worth $1,562,725,000 after purchasing an additional 527,854 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of M&T Bank by 5.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,289,727 shares of the financial services provider's stock valued at $994,522,000 after purchasing an additional 252,583 shares during the period. Geode Capital Management LLC grew its holdings in M&T Bank by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,329,814 shares of the financial services provider's stock valued at $768,824,000 after purchasing an additional 66,337 shares in the last quarter. Finally, Senvest Management LLC boosted its position in M&T Bank by 12.3% in the 3rd quarter. Senvest Management LLC now owns 882,841 shares of the financial services provider's stock valued at $157,252,000 after buying an additional 96,500 shares during the last quarter. Institutional investors and hedge funds own 84.68% of the company's stock.

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Analysts Set New Price Targets

Several research analysts recently commented on MTB shares. StockNews.com upgraded M&T Bank from a "sell" rating to a "hold" rating in a research note on Wednesday, February 5th. Piper Sandler increased their target price on M&T Bank from $205.00 to $243.00 and gave the company an "overweight" rating in a research note on Wednesday, November 27th. Compass Point lifted their price target on shares of M&T Bank from $220.00 to $250.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 10th. Wells Fargo & Company raised their price objective on shares of M&T Bank from $190.00 to $205.00 and gave the stock an "underweight" rating in a report on Friday, November 15th. Finally, Keefe, Bruyette & Woods upped their target price on shares of M&T Bank from $205.00 to $221.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. One research 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. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $221.68.

M&T Bank Stock Performance

MTB stock traded up $1.01 during mid-day trading on Wednesday, reaching $172.18. The company had a trading volume of 1,168,195 shares, compared to its average volume of 1,317,955. The company has a quick ratio of 0.99, a current ratio of 0.98 and a debt-to-equity ratio of 0.47. M&T Bank Co. has a one year low of $133.03 and a one year high of $225.70. The stock's 50-day simple moving average is $193.44 and its two-hundred day simple moving average is $192.06. The stock has a market capitalization of $28.29 billion, a P/E ratio of 11.77, a P/E/G ratio of 1.38 and a beta of 0.74.

M&T Bank (NYSE:MTB - Get Free Report) last announced its quarterly earnings results on Thursday, January 16th. The financial services provider reported $3.92 EPS for the quarter, beating the consensus estimate of $3.70 by $0.22. M&T Bank had a net margin of 19.24% and a return on equity of 10.12%. During the same period last year, the company earned $2.74 EPS. Research analysts anticipate that M&T Bank Co. will post 16.57 EPS for the current year.

M&T Bank declared that its Board of Directors has initiated a share buyback plan on Wednesday, January 22nd that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the financial services provider to reacquire up to 12.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

M&T Bank Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 3rd will be given a dividend of $1.35 per share. The ex-dividend date is Monday, March 3rd. This represents a $5.40 dividend on an annualized basis and a yield of 3.14%. M&T Bank's dividend payout ratio (DPR) is presently 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.