Central Pacific Bank Trust Division Has $169,000 Holdings in M&T Bank Co. (NYSE:MTB)

Central Pacific Bank Trust Division decreased its holdings in M&T Bank Co. (NYSE:MTB – Free Report) by 40.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 900 shares of the financial services provider’s stock after selling 600 shares during the quarter. Central Pacific [...]

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Central Pacific Bank Trust Division decreased its holdings in M&T Bank Co. ( NYSE:MTB – Free Report ) by 40.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission.

The institutional investor owned 900 shares of the financial services provider’s stock after selling 600 shares during the quarter. Central Pacific Bank Trust Division’s holdings in M&T Bank were worth $169,000 at the end of the most recent reporting period. A number of other institutional investors have also recently bought and sold shares of the business.



FMR LLC raised its position in shares of M&T Bank by 13.9% in the third quarter. FMR LLC now owns 12,349,398 shares of the financial services provider’s stock valued at $2,199,675,000 after buying an additional 1,508,846 shares in the last quarter.

State Street Corp raised its holdings in M&T Bank by 6.4% in the 3rd quarter. State Street Corp now owns 8,773,439 shares of the financial services provider’s stock valued at $1,562,725,000 after acquiring an additional 527,854 shares in the last quarter.

Charles Schwab Investment Management Inc. lifted its position in shares of M&T Bank by 3.9% during the 3rd quarter.

Charles Schwab Investment Management Inc. now owns 5,037,144 shares of the financial services provider’s stock valued at $897,216,000 after acquiring an additional 190,837 shares during the period. Geode Capital Management LLC lifted its position in shares of M&T Bank by 1.

6% during the 3rd quarter. Geode Capital Management LLC now owns 4,329,814 shares of the financial services provider’s stock valued at $768,824,000 after acquiring an additional 66,337 shares during the period. Finally, Massachusetts Financial Services Co.

MA increased its position in shares of M&T Bank by 4.8% in the second quarter. Massachusetts Financial Services Co.

MA now owns 1,781,816 shares of the financial services provider’s stock worth $269,696,000 after purchasing an additional 81,004 shares during the period. Institutional investors own 84.68% of the company’s stock.

M&T Bank Stock Up 1.5 % Shares of NYSE MTB opened at $191.54 on Friday.

The company has a 50 day simple moving average of $203.61 and a 200 day simple moving average of $180.34.

The company has a debt-to-equity ratio of 0.44, a current ratio of 0.99 and a quick ratio of 0.

99. M&T Bank Co. has a 1 year low of $128.

31 and a 1 year high of $225.70. The firm has a market cap of $31.

78 billion, a PE ratio of 14.18, a price-to-earnings-growth ratio of 2.83 and a beta of 0.

79. M&T Bank Announces Dividend The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 2nd were given a $1.

35 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.

40 dividend on an annualized basis and a dividend yield of 2.82%. M&T Bank’s dividend payout ratio (DPR) is presently 39.

97%. Wall Street Analyst Weigh In Several research firms recently weighed in on MTB. Evercore ISI upped their price objective on shares of M&T Bank from $210.

00 to $232.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Wedbush increased their price target on shares of M&T Bank from $208.

00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 24th. DA Davidson boosted their price objective on shares of M&T Bank from $192.

00 to $207.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Wells Fargo & Company raised their target price on M&T Bank from $190.

00 to $205.00 and gave the company an “underweight” rating in a report on Friday, November 15th. Finally, Compass Point boosted their price target on M&T Bank from $220.

00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock.

According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $215.50.

Get Our Latest Analysis on M&T Bank Insider Buying and Selling at M&T Bank In related news, EVP Tracy S. Woodrow sold 2,121 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $220.

75, for a total value of $468,210.75. Following the sale, the executive vice president now directly owns 5,141 shares in the company, valued at $1,134,875.

75. This represents a 29.21 % decrease in their ownership of the stock.

The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink . Also, Vice Chairman Gary N. Geisel sold 2,490 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd.

The stock was sold at an average price of $215.89, for a total transaction of $537,566.10.

Following the transaction, 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 . In the last quarter, insiders have sold 84,994 shares of company stock worth $17,211,278.

Insiders own 0.82% of the company’s stock. M&T Bank Profile ( Free Report ) M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that engages in the provision of retail and commercial banking products and services in the United States.

The company operates through three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management. See Also Want to see what other hedge funds are holding MTB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for M&T Bank Co.

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