The stock of M & T Bank Corp (NYSE: MTB) has decreased by -0.18 when compared to last closing price of 151.73. Despite this, the company has experienced a 2.80% gain in its stock price over the last five trading sessions. marketwatch.com reported 2024-07-01 that With another round of Federal Reserve stress tests in the books, many large U.S. banks have already announced dividend increases. Analysts at Jefferies compiled the data in a report sent to clients early Monday.
Is It Worth Investing in M & T Bank Corp (NYSE: MTB) Right Now?
M & T Bank Corp (NYSE: MTB) has a price-to-earnings ratio that is above its average at 10.23x. The stock has a 36-month beta value of 0.76. Opinions on the stock are mixed, 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 165.94M, and at present, short sellers hold a 2.03% of that float. On July 04, 2024, the average trading volume of MTB was 874.74K shares.
MTB’s Market Performance
The stock of M & T Bank Corp (MTB) has seen a 2.80% increase in the past week, with a 2.12% rise in the past month, and a 8.92% gain in the past quarter. The volatility ratio for the week is 2.22%, and the volatility levels for the past 30 days are at 2.02% for MTB. The simple moving average for the last 20 days is 3.37% for MTB stock, with a simple moving average of 11.12% for the last 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 2.06% 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 -3.32% of loss for the given period.
Volatility was left at 2.02%, however, over the last 30 days, the volatility rate increased by 2.22%, as shares surge +1.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.37% upper at present.
During the last 5 trading sessions, MTB rose by +1.23%, which changed the moving average for the period of 200-days by +15.34% in comparison to the 20-day moving average, which settled at $146.64. In addition, M & T Bank Corp saw 10.48% 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 BARNES JOHN P, who sale 43,426 shares at the price of $154.50 back on May 14 ’24. After this action, BARNES JOHN P now owns 35,480 shares of M & T Bank Corp, valued at $6,709,456 using the latest closing price.
WALTERS KIRK W, the Director of M & T Bank Corp, sale 12,321 shares at $153.21 during a trade that took place back on May 10 ’24, which means that WALTERS KIRK W is holding 0 shares at $1,887,695 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 9.76, 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 0.26. The debt to equity ratio resting at 0.6. The interest coverage ratio of the stock is 1.13.
Currently, EBITDA for the company is 3.62 billion with net debt to EBITDA at -5.07. When we switch over and look at the enterprise to sales, we see a ratio of 0.72. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.60.
Conclusion
To sum up, M & T Bank Corp (MTB) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
