M&T Bank Corp (MTB) revealed mixed outcomes in the past month. Despite underperforming several times against rivals, its share price also saw periods of outperformance. The company declared a 4%
increase in quarterly dividend to $1.35 per share, appealing to income-minded investors. Many institutional investing entities appeared actively engaged with MTB, such as QRG Capital Management and Norges Bank initiating a position, Avantax Advisory Services increasing holdings while others like Envestnet Portfolio Solutions, Janney Montgomery Scott and Russell Investments Group opting to cut down. MTB also expanded its partnership with nCino to further their AI Credit solution and saw notable insider trading activities with director
John P. Barnes selling 43,426 shares and an executive sold stocks over $280k. MTB's
earnings performance remained uneven, missing Q2 and Q4 estimates but beating Q3 predictions. A decision to reduce exposure to Commercial Real Estate loans led to the stock price jump. With institutional investors owning 86% of its shares, MTB has strong institutional dominance.
M t Bank Corp MTB News Analytics from Thu, 21 Sep 2023 07:00:00 GMT to Wed, 22 May 2024 21:06:00 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor -3
