Silver Oak Securities Incorporated Has $638,000 Holdings in M&T Bank Co. (NYSE:MTB)

Silver Oak Securities Incorporated lifted its position in M&T Bank Co. (NYSE:MTB - Free Report) by 246.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,385 shares of the financial services provider's stock after buying an additional 2,407 shares during the period. Silver Oak Securities Incorporated's holdings in M&T Bank were worth $638,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Bleakley Financial Group LLC boosted its stake in shares of M&T Bank by 3.9% during the 4th quarter. Bleakley Financial Group LLC now owns 3,535 shares of the financial services provider's stock worth $665,000 after acquiring an additional 134 shares in the last quarter. Deltec Asset Management LLC lifted its holdings in shares of M&T Bank by 33.3% during the fourth quarter. Deltec Asset Management LLC now owns 2,000 shares of the financial services provider's stock valued at $376,000 after purchasing an additional 500 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of M&T Bank by 21.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 135,451 shares of the financial services provider's stock valued at $25,631,000 after purchasing an additional 23,679 shares during the period. Y.D. More Investments Ltd increased its stake in 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 worth $39,000 after purchasing an additional 114 shares in the last quarter. Finally, Hager Investment Management Services LLC acquired a new stake in M&T Bank during the 4th quarter worth about $174,000. Institutional investors own 84.68% of the company's stock.

Insider Activity

In other news, EVP Tracy S. Woodrow sold 2,121 shares of M&T Bank stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $220.75, for a total value of $468,210.75. Following the transaction, the executive vice president now directly owns 5,141 shares in the company, valued at approximately $1,134,875.75. The trade was a 29.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Gary N. Geisel sold 2,490 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $215.89, for a total value of $537,566.10. Following the sale, the insider now owns 16,429 shares of the company's stock, valued at approximately $3,546,856.81. The trade was a 13.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,611 shares of company stock valued at $5,354,777 over the last 90 days. 0.82% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MTB has been the subject of several recent analyst reports. Bank of America raised their target price on shares of M&T Bank from $188.00 to $218.00 and gave the stock a "buy" rating in a report on Friday, October 18th. 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 research note on Friday, November 15th. Evercore ISI increased their target price on M&T Bank from $210.00 to $232.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Compass Point lifted their price target on M&T Bank from $220.00 to $250.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Finally, Citigroup downgraded M&T Bank from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $220.00 to $230.00 in a research note on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $221.68.

M&T Bank Stock Up 0.8 %

Shares of MTB traded up $1.55 during mid-day trading on Tuesday, hitting $199.08. 637,423 shares of the company's stock were exchanged, compared to its average volume of 1,245,616. The stock has a market cap of $33.03 billion, a price-to-earnings ratio of 13.61, a P/E/G ratio of 1.42 and a beta of 0.79. M&T Bank Co. has a twelve month low of $130.84 and a twelve month high of $225.70. The firm has a fifty day moving average of $196.74 and a two-hundred day moving average of $188.32. The company has a quick ratio of 0.99, a current ratio of 0.93 and a debt-to-equity ratio of 0.47.

M&T Bank (NYSE:MTB - Get Free Report) last released its quarterly earnings results on Thursday, January 16th. The financial services provider reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate 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 prior year, the firm posted $2.74 earnings per share. On average, sell-side analysts forecast that M&T Bank Co. will post 16.56 earnings per share for the current year.

M&T Bank announced that its Board of Directors has initiated a stock repurchase program on Wednesday, January 22nd that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 12.3% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's management believes its stock is undervalued.

M&T Bank Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 2nd were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.40 annualized dividend and a yield of 2.71%. 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.