M & T Bank Corp (NYSE: MTB) has a higher price-to-earnings ratio of 12.91x compared to its average ratio, The 36-month beta value for MTB is at 0.74. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 14 as “hold,” and 3 as “sell.”
The public float for MTB is 166.14M, and currently, shorts hold a 1.93% of that float. The average trading volume for MTB on September 19, 2024 was 947.39K shares.
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MTB) stock’s latest price update
M & T Bank Corp (NYSE: MTB)’s stock price has plunge by 0.13relation to previous closing price of 173.82. Nevertheless, the company has seen a 4.92% surge in its stock price over the last five trading sessions. prnewswire.com reported 2024-09-18 that BUFFALO, N.Y., Sept. 18, 2024 /PRNewswire/ — Effective Thursday, September 19, 2024, M&T Bank Corporation (“M&T”) (NYSE:MTB) will decrease its prime lending rate from 8.50% to 8.00%.
MTB’s Market Performance
M & T Bank Corp (MTB) has seen a 4.92% rise in stock performance for the week, with a 5.87% gain in the past month and a 18.55% surge in the past quarter. The volatility ratio for the week is 2.24%, and the volatility levels for the past 30 days are at 2.08% for MTB. The simple moving average for the past 20 days is 3.46% for MTB’s stock, with a 17.88% simple moving average for the past 200 days.
Analysts’ Opinion of MTB
Many brokerage firms have already submitted their reports for MTB stocks, with JP Morgan repeating the rating for MTB by listing it as a “Overweight.” The predicted price for MTB in the upcoming period, according to JP Morgan is $215 based on the research report published on September 03, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see MTB reach a price target of $165, previously predicting the price at $170. The rating they have provided for MTB stocks is “Underweight” according to the report published on August 15th, 2024.
Deutsche Bank gave a rating of “Hold” to MTB, setting the target price at $145 in the report published on December 18th of the previous year.
MTB Trading at 5.11% 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 -1.35% of loss for the given period.
Volatility was left at 2.08%, however, over the last 30 days, the volatility rate increased by 2.24%, as shares surge +7.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.19% upper at present.
During the last 5 trading sessions, MTB rose by +4.92%, which changed the moving average for the period of 200-days by +35.80% in comparison to the 20-day moving average, which settled at $168.81. In addition, M & T Bank Corp saw 26.97% 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 SALAMONE DENIS J, who sale 10,000 shares at the price of $172.03 back on Sep 03 ’24. After this action, SALAMONE DENIS J now owns 44,902 shares of M & T Bank Corp, valued at $1,720,250 using the latest closing price.
Denis J. Salamone, the Director of M & T Bank Corp, proposed sale 10,000 shares at $172.03 during a trade that took place back on Sep 03 ’24, which means that Denis J. Salamone is holding shares at $1,720,250 based on the most recent closing price.
Stock Fundamentals for MTB
Current profitability levels for the company are sitting at:
- 0.28 for the present operating margin
- 1.0 for the gross margin
The net margin for M & T Bank Corp stands at 0.21. The total capital return value is set at 0.02. Equity return is now at value 8.68, with 1.13 for asset returns.
Based on M & T Bank Corp (MTB), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 0.57. The interest coverage ratio of the stock is 0.79.
Currently, EBITDA for the company is 3.62 billion with net debt to EBITDA at -6.6. When we switch over and look at the enterprise to sales, we see a ratio of 1.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.50.
Conclusion
In conclusion, M & T Bank Corp (MTB) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
