M & T Bank Corp (MTB) Shares Down Despite Recent Market Volatility

The stock price of M & T Bank Corp (NYSE: MTB) has plunged by -1.14 when compared to previous closing price of 140.65, but the company has seen a -1.54% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-27 that S&P Ratings downgrades the outlook on First Commonwealth, M&T Bank (MTB), Synovus (SNV), Trustmark (TRMK) and Valley National (VLY) to negative from stable.

Is It Worth Investing in M & T Bank Corp (NYSE: MTB) Right Now?

The price-to-earnings ratio for M & T Bank Corp (NYSE: MTB) is 8.81x, which is above its average ratio. Moreover, the 36-month beta value for MTB is 0.78. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 14 as “hold,” and 3 as “sell.”

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The public float for MTB is 165.71M and currently, short sellers hold a 2.06% of that float. On April 04, 2024, MTB’s average trading volume was 1.22M shares.

MTB’s Market Performance

MTB stock saw a decrease of -1.54% in the past week, with a monthly decline of -0.64% and a quarterly a decrease of 0.01%. The volatility ratio for the week is 1.86%, and the volatility levels for the last 30 days are 2.33% for M & T Bank Corp (MTB). The simple moving average for the past 20 days is -2.46% for MTB’s stock, with a 6.13% simple moving average for the past 200 days.

Analysts’ Opinion of MTB

Many brokerage firms have already submitted their reports for MTB stocks, with Deutsche Bank repeating the rating for MTB by listing it as a “Hold.” The predicted price for MTB in the upcoming period, according to Deutsche Bank is $145 based on the research report published on December 18, 2023 of the previous year 2023.

Odeon, on the other hand, stated in their research note that they expect to see MTB reach a price target of $133.65. The rating they have provided for MTB stocks is “Hold” according to the report published on September 29th, 2023.

Argus gave a rating of “Buy” to MTB, setting the target price at $150 in the report published on April 18th of the previous year.

MTB Trading at -0.29% from the 50-Day Moving Average

After a stumble in the market that brought MTB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.19% of loss for the given period.

Volatility was left at 2.33%, however, over the last 30 days, the volatility rate increased by 1.86%, as shares sank -3.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.06% lower at present.

During the last 5 trading sessions, MTB fell by -1.54%, which changed the moving average for the period of 200-days by +11.45% in comparison to the 20-day moving average, which settled at $142.32. In addition, M & T Bank Corp saw 1.44% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at MTB starting from GEISEL GARY N, who sale 703 shares at the price of $140.84 back on Mar 14 ’24. After this action, GEISEL GARY N now owns 16,459 shares of M & T Bank Corp, valued at $99,014 using the latest closing price.

WALTERS KIRK W, the Director of M & T Bank Corp, sale 28,845 shares at $145.00 during a trade that took place back on Mar 13 ’24, which means that WALTERS KIRK W is holding 6,367 shares at $4,182,525 based on the most recent closing price.

Stock Fundamentals for MTB

Current profitability levels for the company are sitting at:

  • 0.52 for the present operating margin
  • 1.0 for the gross margin

The net margin for M & T Bank Corp stands at 0.29. The total capital return value is set at 0.02. Equity return is now at value 10.47, with 1.34 for asset returns.

Based on M & T Bank Corp (MTB), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 0.3. The debt to equity ratio resting at 0.49. The interest coverage ratio of the stock is 1.56.

Currently, EBITDA for the company is 3.62 billion with net debt to EBITDA at -3.31. When we switch over and look at the enterprise to sales, we see a ratio of 0.7. The receivables turnover for the company is 0.78for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.41.

Conclusion

To wrap up, the performance of M & T Bank Corp (MTB) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

Related Posts