M&T Bank Corporation (MTB) : St Germain D J Co Inc reduced its stake in M&T Bank Corporation by 4.06% during the most recent quarter end. The investment management company now holds a total of 8,396 shares of M&T Bank Corporation which is valued at $999,460 after selling 355 shares in M&T Bank Corporation , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.M&T Bank Corporation makes up approximately 0.14% of St Germain D J Co Inc’s portfolio.
M&T Bank Corporation opened for trading at $119.59 and hit $120.88 on the upside on Wednesday, eventually ending the session at $120.43, with a gain of 0.67% or 0.8 points. The heightened volatility saw the trading volume jump to 8,27,718 shares. Company has a market cap of $19,160 M.
Other Hedge Funds, Including , Advisory Services Network sold out all of its stake in MTB during the most recent quarter. The investment firm sold 390 shares of MTB which is valued $46,426.Weybosset Research Management reduced its stake in MTB by selling 10 shares or 0.15% in the most recent quarter. The Hedge Fund company now holds 6,846 shares of MTB which is valued at $814,948. M&T Bank Corporation makes up approx 0.67% of Weybosset Research Management’s portfolio.New York State Teachers Retirement System reduced its stake in MTB by selling 84 shares or 0.03% in the most recent quarter. The Hedge Fund company now holds 307,454 shares of MTB which is valued at $36,599,324. M&T Bank Corporation makes up approx 0.10% of New York State Teachers Retirement System’s portfolio.First United Bank Trust boosted its stake in MTB in the latest quarter, The investment management firm added 465 additional shares and now holds a total of 4,101 shares of M&T Bank Corporation which is valued at $470,836. M&T Bank Corporation makes up approx 0.43% of First United Bank Trust’s portfolio.Creative Planning boosted its stake in MTB in the latest quarter, The investment management firm added 210 additional shares and now holds a total of 10,450 shares of M&T Bank Corporation which is valued at $1,147,097. M&T Bank Corporation makes up approx 0.01% of Creative Planning’s portfolio.
On the company’s financial health, M&T Bank Corporation reported $1.87 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 18, 2016. Analyst had a consensus of $1.89.Analysts expectations of $ 1294.03.During the same quarter in the previous year, the company posted $1.65 EPS.
Many Wall Street Analysts have commented on M&T Bank Corporation. Shares were Downgraded by Robert W. Baird on Apr 21, 2016 to ” Underperform” and Lowered the Price Target to $ 115 from a previous price target of $125 .M&T Bank Corporation was Downgraded by Portales Partners to ” Sector Perform” on Apr 21, 2016. M&T Bank Corporation was Downgraded by Sandler O’Neill to ” Hold” on Apr 19, 2016.
M&T Bank Corporation (M&T) is a bank holding company for M&T Bank and Wilmington Trust National Association (Wilmington Trust N.A.). The Company’s segments include Business Banking Commercial Banking Commercial Real Estate Discretionary Portfolio Residential Mortgage Banking and Retail Banking. The Business Banking segment provides deposit lending cash management and other financial services. The Commercial Banking segment offers credit products and banking services for middle-market and commercial customers. Its Commercial Real Estate segment provides credit and deposit services. The Discretionary Portfolio segment includes investment and trading securities loans and other assets and borrowed funds. The Residential Mortgage Banking segment originates and services residential mortgage loans. The Retail Banking segment offers a range of services to consumers through delivery channels. It operates over 800 retail and commercial branches and 1600 automated teller machines.