M & T Bank Corp (NYSE: MTB) has a price-to-earnings ratio of 9.93x that is above its average ratio. Additionally, the 36-month beta value for MTB is 0.77. 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 currently, short sellers hold a 1.84% ratio of that float. The average trading volume of MTB on April 26, 2024 was 1.18M shares.
MTB) stock’s latest price update
M & T Bank Corp (NYSE: MTB)’s stock price has plunge by -0.72relation to previous closing price of 147.96. Nevertheless, the company has seen a 5.46% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-15 that A decline in revenues and higher expenses hurt M&T Bank’s (MTB) Q1 earnings. However, a solid loan and deposit balance offer some support.
MTB’s Market Performance
M & T Bank Corp (MTB) has seen a 5.46% rise in stock performance for the week, with a 4.01% gain in the past month and a 3.42% surge in the past quarter. The volatility ratio for the week is 2.09%, 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 4.32% for MTB’s stock, with a 10.98% 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 4.66% 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 -0.90% of loss for the given period.
Volatility was left at 2.19%, however, over the last 30 days, the volatility rate increased by 2.09%, as shares surge +1.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.68% upper at present.
During the last 5 trading sessions, MTB rose by +5.46%, which changed the moving average for the period of 200-days by +11.75% in comparison to the 20-day moving average, which settled at $140.93. In addition, M & T Bank Corp saw 7.16% 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 Meister Doris P., who sale 1,638 shares at the price of $138.21 back on Apr 17 ’24. After this action, Meister Doris P. now owns 3,362 shares of M & T Bank Corp, valued at $226,388 using the latest closing price.
GEISEL GARY N, the Director of M & T Bank Corp, sale 703 shares at $140.84 during a trade that took place back on Mar 14 ’24, which means that GEISEL GARY N is holding 16,459 shares at $99,014 based on the most recent closing price.
Stock Fundamentals for MTB
Current profitability levels for the company are sitting at:
- 0.4 for the present operating margin
- 1.0 for the gross margin
The net margin for M & T Bank Corp stands at 0.25. The total capital return value is set at 0.03. Equity return is now at value 9.77, with 1.23 for asset returns.
Based on M & T Bank Corp (MTB), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 0.6. The interest coverage ratio of the stock is 1.6.
Currently, EBITDA for the company is 3.62 billion with net debt to EBITDA at 4.2. When we switch over and look at the enterprise to sales, we see a ratio of 3.78. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.61.
Conclusion
In conclusion, M & T Bank Corp (MTB) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
