Speece Thorson Capital Group Inc buys $16,897,279 stake in M&T Bank Corporation (MTB)

M&T Bank Corporation (MTB) : Speece Thorson Capital Group Inc scooped up 12,130 additional shares in M&T Bank Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 25, 2016. The investment management firm now holds a total of 142,810 shares of M&T Bank Corporation which is valued at $16,897,279.M&T Bank Corporation makes up approximately 3.74% of Speece Thorson Capital Group Inc’s portfolio.

M&T Bank Corporation opened for trading at $118.92 and hit $119.41 on the upside on Monday, eventually ending the session at $118.95, with a gain of 0.53% or 0.63 points. The heightened volatility saw the trading volume jump to 11,76,403 shares. Company has a market cap of $18,913 M.

Other Hedge Funds, Including , Burt Wealth Advisors reduced its stake in MTB by selling 31 shares or 10.99% in the most recent quarter. The Hedge Fund company now holds 251 shares of MTB which is valued at $29,698. M&T Bank Corporation makes up approx 0.03% of Burt Wealth Advisors’s portfolio. First Citizens Bank Trust Co added MTB to its portfolio by purchasing 2,158 company shares during the most recent quarter which is valued at $256,888. M&T Bank Corporation makes up approx 0.02% of First Citizens Bank Trust Co’s portfolio.Independent Portfolio Consultants boosted its stake in MTB in the latest quarter, The investment management firm added 855 additional shares and now holds a total of 1,210 shares of M&T Bank Corporation which is valued at $138,920. M&T Bank Corporation makes up approx 0.04% of Independent Portfolio Consultants’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.

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.

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