Crossmark Global Holdings Inc. Has $1.30 Million Position in M&T Bank Co. (MTB)

Crossmark Global Holdings Inc. decreased its position in M&T Bank Co. (NYSE:MTB) by 3.5% during the first quarter, HoldingsChannel reports. The firm owned 8,306 shares of the financial services provider’s stock after selling 304 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in M&T Bank were worth $1,304,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. First Hawaiian Bank lifted its stake in M&T Bank by 111.7% during the 1st quarter. First Hawaiian Bank now owns 4,265 shares of the financial services provider’s stock valued at $669,000 after acquiring an additional 2,250 shares during the period. Domani Wealth LLC bought a new position in M&T Bank during the 1st quarter valued at about $217,000. Baltimore Washington Financial Advisors Inc. bought a new position in M&T Bank during the 1st quarter valued at about $313,000. Banco Santander S.A. bought a new position in M&T Bank during the 4th quarter valued at about $23,961,000. Finally, UMB Bank N A MO increased its position in shares of M&T Bank by 10.4% during the 4th quarter. UMB Bank N A MO now owns 2,041 shares of the financial services provider’s stock valued at $292,000 after purchasing an additional 192 shares during the last quarter. Institutional investors own 80.97% of the company’s stock.

MTB has been the subject of several research reports. Citigroup upped their price target on shares of M&T Bank from $162.00 to $172.00 and gave the company a “neutral” rating in a research report on Tuesday, March 19th. Robert W. Baird lowered shares of M&T Bank from an “outperform” rating to a “neutral” rating and set a $175.00 price target for the company. in a research report on Thursday, February 21st. ValuEngine raised shares of M&T Bank from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Zacks Investment Research lowered shares of M&T Bank from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Finally, UBS Group set a $169.00 price target on shares of M&T Bank and gave the company a “hold” rating in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. M&T Bank has a consensus rating of “Hold” and a consensus target price of $179.25.



In related news, insider Robert J. Bojdak sold 1,638 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $170.03, for a total value of $278,509.14. Following the completion of the sale, the insider now directly owns 20,199 shares of the company’s stock, valued at approximately $3,434,435.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary N. Geisel sold 1,001 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $173.00, for a total transaction of $173,173.00. Following the completion of the sale, the director now directly owns 17,512 shares of the company’s stock, valued at $3,029,576. The disclosure for this sale can be found here. Insiders sold a total of 13,221 shares of company stock valued at $2,259,658 over the last three months. 0.54% of the stock is currently owned by insiders.

M&T Bank stock opened at $161.67 on Tuesday. The company has a market capitalization of $22.69 billion, a P/E ratio of 12.57, a PEG ratio of 1.51 and a beta of 1.08. M&T Bank Co. has a 12-month low of $133.78 and a 12-month high of $186.33. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.59.

M&T Bank (NYSE:MTB) last released its earnings results on Monday, April 15th. The financial services provider reported $3.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.30 by $0.05. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.51 billion. M&T Bank had a net margin of 30.84% and a return on equity of 14.46%. During the same period in the prior year, the firm posted $2.23 EPS. Analysts forecast that M&T Bank Co. will post 14.61 EPS for the current year.

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About M&T Bank

M&T Bank Corporation operates as the holding company for Manufacturers and Traders Trust Company; and Wilmington Trust, National Association that provide banking services. The company's Business Banking segment offers deposits, business loans and leases, and credit cards; and cash management, payroll, and letters of credit services to small businesses and professionals.

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Institutional Ownership by Quarter for M&T Bank (NYSE:MTB)

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