From MarketBeat:

Grandfield & Dodd LLC has reported a 16.6% reduction in position in shares of M&T Bank Co. in the 3rd quarter. Vanguard Group Inc, BlackRock Inc, State Street Corp, JPMorgan Chase & Co, and Geode Capital Management LLC have all increased their holdings in M&T Bank. 82.86% of the stock is owned by institutional investors and hedge funds.

The bank is currently trading up 1.4%, with 1,006,063 shares exchanged and a market capitalization of $22.93 billion. M&T Bank’s 50 day moving average price is $129.38 and its 200-day moving average price is $127.93.

M&T Bank Co. reported a $3.98 EPS for the quarter, with revenue of $3.20 billion. The company also announced a quarterly dividend of $1.30, with a dividend yield of 3.76%.

Several analysis firms have updated their ratings of M&T Bank. Royal Bank of Canada, Wedbush, Jefferies Financial Group, Odeon Capital Group, and Barclays have all listed target prices for the company.

CFO Daryl N. Bible recently acquired 5,000 shares of M&T Bank’s stock in a transaction totaling $555,200. EVP Robert J. Bojdak also sold 800 shares of the company’s stock.
M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that offer retail and commercial banking products and services in the United States.



Read more: Grandfield & Dodd LLC Has $14.16 Million Stake in M&T Bank Co. (NYSE:MTB)