Community Bank N.a. buys $1,203,223 stake in M&T Bank Corporation (MTB)

M&T Bank Corporation (MTB) : Community Bank N.a. scooped up 500 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 Oct 13, 2016. The investment management firm now holds a total of 10,632 shares of M&T Bank Corporation which is valued at $1,203,223.M&T Bank Corporation makes up approximately 0.28% of Community Bank N.a.’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in MTB in the latest quarter, The investment management firm added 97 additional shares and now holds a total of 6,441 shares of M&T Bank Corporation which is valued at $728,928. M&T Bank Corporation makes up approx 0.03% of Msi Financial Services Inc’s portfolio.British Columbia Investment Management Corp boosted its stake in MTB in the latest quarter, The investment management firm added 408 additional shares and now holds a total of 95,947 shares of M&T Bank Corporation which is valued at $11,135,609. M&T Bank Corporation makes up approx 0.11% of British Columbia Investment Management Corp’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in MTB by selling 10,535 shares or 38.47% in the most recent quarter. The Hedge Fund company now holds 16,852 shares of MTB which is valued at $1,986,682. M&T Bank Corporation makes up approx 0.04% of Oregon Public Employees Retirement Fund’s portfolio.Raymond James Trust N.a. reduced its stake in MTB by selling 126 shares or 3.3% in the most recent quarter. The Hedge Fund company now holds 3,692 shares of MTB which is valued at $435,250. M&T Bank Corporation makes up approx 0.04% of Raymond James Trust N.a.’s portfolio.

M&T Bank Corporation closed down -1.83 points or -1.55% at $116.06 with 10,10,263 shares getting traded on Tuesday. Post opening the session at $117.83, the shares hit an intraday low of $115.68 and an intraday high of $118.22 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, M&T Bank Corporation reported $2.07 EPS for the quarter, based on the information available during the earnings call on Jul 20, 2016. Analyst had a consensus estimate of $2.07. The company had revenue of $1312.00 million for the quarter, compared to analysts expectations of $1319.82 million. The company’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.98 EPS.

Many Wall Street Analysts have commented on M&T Bank Corporation. Wedbush Initiated M&T Bank Corporation on Oct 7, 2016 to “Neutral”, Price Target of the shares are set at $117.Shares were Reiterated by FBR Capital on Jul 21, 2016 to “Mkt Perform” and Lowered the Price Target to $ 105 from a previous price target of $120 .

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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