Coppell Advisory Solutions LLC Buys 423 Shares of M&T Bank Co. (NYSE:MTB)

Coppell Advisory Solutions LLC raised its stake in shares of M&T Bank Co. (NYSE:MTB) by 1,031.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 464 shares of the financial services provider’s stock after acquiring an additional 423 shares during the quarter. Coppell Advisory Solutions LLC’s holdings in M&T Bank were worth $87,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Y.D. More Investments Ltd lifted its holdings 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 last quarter. Human Investing LLC acquired a new stake in shares of M&T Bank during the fourth quarter worth approximately $44,000. Sierra Ocean LLC bought a new position in shares of M&T Bank in the fourth quarter valued at approximately $44,000. Loomis Sayles & Co. L P acquired a new position in shares of M&T Bank in the 4th quarter worth approximately $52,000. Finally, Principal Securities Inc. grew 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 worth $77,000 after acquiring an additional 132 shares during the last quarter. 84.68% of the stock is owned by institutional investors.

Insider Activity

In other M&T Bank news, EVP Christopher E. Kay sold 1,738 shares of M&T Bank stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $172.34, for a total transaction of $299,526.92. Following the transaction, the executive vice president now directly owns 10,751 shares in the company, valued at approximately $1,852,827.34. The trade was a 13.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.53% of the stock is owned by company insiders.

M&T Bank Trading Down 1.0 %

NYSE MTB opened at $167.44 on Friday. M&T Bank Co. has a 12 month low of $139.78 and a 12 month high of $225.70. The stock has a 50-day simple moving average of $173.82 and a 200 day simple moving average of $190.70. The company has a current ratio of 0.98, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $27.51 billion, a PE ratio of 11.44, a P/E/G ratio of 1.38 and a beta of 0.58.

M&T Bank (NYSE:MTB) last announced its quarterly earnings results 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 19.24% and a return on equity of 10.12%. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same period last year, the company earned $3.09 earnings per share. Research analysts forecast that M&T Bank Co. will post 16.57 EPS for the current year.

M&T Bank declared that its board has authorized a stock buyback plan on Wednesday, January 22nd that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the financial services provider to reacquire up to 12.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

M&T Bank Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 3rd were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.23%. M&T Bank’s dividend payout ratio is 36.17%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MTB shares. Robert W. Baird reduced their price objective on M&T Bank from $220.00 to $200.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Wells Fargo & Company reduced their price target on shares of M&T Bank from $185.00 to $175.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 15th. DA Davidson lowered their price objective on shares of M&T Bank from $205.00 to $189.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. Barclays reduced their target price on shares of 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. Finally, Citigroup lowered their price target on shares of M&T Bank from $230.00 to $195.00 and set a “neutral” rating for the company in a report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, M&T Bank presently has an average rating of “Hold” and an average price target of $208.24.

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.