Noteworthy Dividend Flows: Can M&T Bank Corporation (NYSE:MTB) truly back claims of $0.70 dividends by Dec 30, 2016?

Noteworthy Dividend Flows: Can M&T Bank Corporation (NYSE:MTB) truly back claims of $0.70 dividends by Dec 30, 2016?

M&T Bank Corporation (NYSE:MTB) is expected to pay $0.70 on Dec 30, 2016. The indicated annual dividend is $2.80. Shareholders owning the stock before Nov 30, 2016 will be eligible to receive the payout. Based on M&T Bank Corporation’s current price of $140.72, the dividend is 0.50%. This dividend’s record date is Dec 2, 2016 and the announcement date is Nov 23, 2016. The stock decreased 2.08% or $2.99 during the last trading session, hitting $140.72. M&T Bank Corporation (NYSE:MTB) has risen 17.63% since April 26, 2016 and is uptrending. It has outperformed by 12.37% the S&P500.

M&T Bank Corporation is a bank holding company. The company has a market cap of $21.84 billion. The Company, through its subsidiaries, M&T Bank and Wilmington Trust, National Association (Wilmington Trust, N.A.), offer a range of retail and commercial banking, trust and wealth management, and investment services to their customers. It has a 18.78 P/E ratio. M&T’s divisions include Business Banking, Commercial Banking, Commercial Real Estate, Discretionary Portfolio, Residential Mortgage Banking and Retail Banking.

Insitutional Activity: The institutional sentiment increased to 1.17 in 2016 Q2. Its up 0.08, from 1.09 in 2016Q1. The ratio improved, as 41 funds sold all M&T Bank Corporation shares owned while 153 reduced positions. 47 funds bought stakes while 164 increased positions. They now own 122.63 million shares or 2.83% less from 126.20 million shares in 2016Q1.
Douglass Winthrop Advsr holds 0.02% of its portfolio in M&T Bank Corporation (NYSE:MTB) for 2,280 shares. Gabelli Funds Ltd Limited Liability Company last reported 0.18% of its portfolio in the stock. New Mexico Educational Retirement Board accumulated 18,490 shares or 0.1% of the stock. Moreover, California State Teachers Retirement Sys has 0.08% invested in M&T Bank Corporation (NYSE:MTB) for 325,839 shares. Plante Moran Fincl has 334 shares for 0.03% of their US portfolio. Endeavour Cap Advisors holds 33,489 shares or 0.3% of its portfolio. Moreover, Df Dent has 0.01% invested in M&T Bank Corporation (NYSE:MTB) for 4,224 shares. Moreover, Fisher Asset Management Ltd Com has 0.01% invested in M&T Bank Corporation (NYSE:MTB) for 50,426 shares. Aristotle Capital Limited Com, a California-based fund reported 1.41 million shares. State Street Corporation has invested 0.09% of its portfolio in M&T Bank Corporation (NYSE:MTB). The Georgia-based Signaturefd Lc has invested 0% in M&T Bank Corporation (NYSE:MTB). First National Bank Of Omaha holds 0.49% of its portfolio in M&T Bank Corporation (NYSE:MTB) for 56,214 shares. The California-based Wetherby Asset has invested 0.05% in M&T Bank Corporation (NYSE:MTB). Wheatland Incorporated reported 4,047 shares or 0.46% of all its holdings. Btim last reported 0.12% of its portfolio in the stock.

Insider Transactions: Since June 3, 2016, the stock had 0 buys, and 35 selling transactions for $80.77 million net activity. Martocci Gino A. had sold 7,433 shares worth $929,624. 51,642 shares were sold by CZARNECKI MARK J, worth $6.91M. $199,869 worth of shares were sold by Todaro Michael J. on Tuesday, August 9. Gold Richard S sold 7,500 shares worth $892,500. Shares for $1.96 million were sold by JONES RENE F on Monday, November 7. Shares for $133,602 were sold by Bojdak Robert J on Tuesday, November 1. 33,379 shares were sold by PEARSON KEVIN J, worth $3.90 million on Friday, August 26.

M&T Bank Corporation (NYSE:MTB) Ratings Coverage

Out of 20 analysts covering M&T Bank (NYSE:MTB), 4 rate it a “Buy”, 1 “Sell”, while 15 “Hold”. This means 20% are positive. M&T Bank has been the topic of 39 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Portales downgraded M&T Bank Corporation (NYSE:MTB) on Thursday, April 21 to “Sector Perform” rating. The stock of M&T Bank Corporation (NYSE:MTB) earned “Underperform” rating by Robert W. Baird on Thursday, April 21. The stock has “Buy” rating given by Deutsche Bank on Friday, October 9. The firm has “Overweight” rating by Barclays Capital given on Tuesday, October 20. Deutsche Bank maintained M&T Bank Corporation (NYSE:MTB) rating on Wednesday, August 12. Deutsche Bank has “Buy” rating and $150 price target. The stock of M&T Bank Corporation (NYSE:MTB) earned “Mkt Perform” rating by FBR Capital on Wednesday, January 20. FBR Capital maintained it with “Mkt Perform” rating and $130 target price in Tuesday, October 20 report. The rating was initiated by Argus Research on Tuesday, March 29 with “Hold”. The company was maintained on Thursday, July 21 by FBR Capital. The firm has “Neutral” rating given on Monday, January 11 by Goldman Sachs.

Another recent and important M&T Bank Corporation (NYSE:MTB) news was published by Prnewswire.com which published an article titled: “M&T Bank Increases Small Business Lending Across its Communities to Become 6th …” on October 31, 2016.

MTB Company Profile

M&T Bank Corporation (M&T), incorporated on November 6, 1969, is a bank holding company. The Firm has over two bank subsidiaries: M&T Bank and Wilmington Trust, National Association (Wilmington Trust, N.A.). The banks collectively offers a range of retail and commercial banking, trust and wealth management, and investment services to their customers. M&T’s divisions include Business Banking, Commercial Banking, Commercial Real Estate, Discretionary Portfolio, Residential Mortgage Banking and Retail Banking. The Firm operates approximately 810 domestic banking offices located in New York State, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, and the District of Columbia, a full-service commercial banking office in Ontario, Canada, and an office in George Town, Cayman Islands. The Firm has consolidated total assets of approximately $122.8 billion, deposits of over $92.0 billion and shareholders’ equity of approximately $16.2 billion.

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