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Now that that’s out of the way, let’s examine the newest info about M&T Bank Corporation (NYSE:MTB).
What does the smart money think about M&T Bank Corporation (NYSE:MTB)?
In preparation for the third quarter, a total of 28 of the hedge funds we track were bullish in this stock, a change of 22% from one quarter earlier. With hedgies’ capital changing hands, there exists a few key hedge fund managers who were boosting their stakes considerably.
As industrywide interest increased, certain bigger names have jumped into M&T Bank Corporation (NYSE:MTB) headfirst. Berkshire Hathaway, managed by Warren Buffett, initiated the most valuable position in M&T Bank Corporation (NYSE:MTB). Berkshire Hathaway had 601.4 million invested in the company at the end of the quarter. Jim Simons’s Renaissance Technologies also made a $74.6 million investment in the stock during the quarter. The other funds with brand new MTB positions are John Paulson’s Paulson & Co, Cliff Asness’s AQR Capital Management, and Mario Gabelli’s GAMCO Investors.
How have insiders been trading M&T Bank Corporation (NYSE:MTB)?
Insider buying made by high-level executives is best served when the primary stock in question has seen transactions within the past 180 days. Over the latest half-year time period, M&T Bank Corporation (NYSE:MTB) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).
We’ll also take a look at the relationship between both of these indicators in other stocks similar to M&T Bank Corporation (NYSE:MTB). These stocks are Valley National Bancorp (NYSE:VLY), Webster Financial Corporation (NYSE:WBS), Susquehanna Bancshares Inc (NASDAQ:SUSQ), Fulton Financial Corp (NASDAQ:FULT), and Signature Bank (NASDAQ:SBNY). All of these stocks are in the regional – northeast banks industry and their market caps are similar to MTB’s market cap.