The stock price of M & T Bank Corp (NYSE: MTB) has dropped by -4.19 compared to previous close of 140.76. Despite this, the company has seen a fall of -3.01% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-10 that Get a deeper insight into the potential performance of M&T Bank (MTB) for the quarter ended March 2024 by going beyond Wall Street’s top -and-bottom-line estimates and examining the estimates for some of its key metrics.
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 above average at 8.54x. The 36-month beta value for MTB is also noteworthy at 0.78. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 14 rating it as “hold,” and 3 rating it as “sell.”
The public float for MTB is 165.71M, and at present, short sellers hold a 2.16% of that float. The average trading volume of MTB on April 11, 2024 was 1.22M shares.
MTB’s Market Performance
The stock of M & T Bank Corp (MTB) has seen a -3.01% decrease in the past week, with a -5.58% drop in the past month, and a -1.20% fall in the past quarter. The volatility ratio for the week is 2.13%, and the volatility levels for the past 30 days are at 2.19% for MTB. The simple moving average for the past 20 days is -4.82% for MTB’s stock, with a 2.59% 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 -3.12% 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 -9.02% of loss for the given period.
Volatility was left at 2.19%, however, over the last 30 days, the volatility rate increased by 2.13%, as shares sank -5.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.53% lower at present.
During the last 5 trading sessions, MTB fell by -3.01%, which changed the moving average for the period of 200-days by +16.39% in comparison to the 20-day moving average, which settled at $141.27. In addition, M & T Bank Corp saw -1.62% in overturn over a single year, with a tendency to cut further losses.
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 0.62. 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
In summary, M & T Bank Corp (MTB) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
