The price-to-earnings ratio for M & T Bank Corp (NYSE: MTB) is 14.34x, which is above its average ratio. Moreover, the 36-month beta value for MTB is 0.75. 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.”
The public float for MTB is 166.14M and currently, short sellers hold a 2.63% of that float. On October 24, 2024, MTB’s average trading volume was 1.04M shares.
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MTB) stock’s latest price update
M & T Bank Corp (NYSE: MTB)’s stock price has gone decline by -0.11 in comparison to its previous close of 194.07, however, the company has experienced a 2.38% increase in its stock price over the last five trading days. zacks.com reported 2024-10-22 that Does M&T Bank Corporation (MTB) have what it takes to be a top stock pick for momentum investors? Let’s find out.
MTB’s Market Performance
MTB’s stock has risen by 2.38% in the past week, with a monthly rise of 10.90% and a quarterly rise of 11.72%. The volatility ratio for the week is 2.35% while the volatility levels for the last 30 days are 2.06% for M & T Bank Corp The simple moving average for the last 20 days is 5.83% for MTB’s stock, with a simple moving average of 26.22% for the last 200 days.
Analysts’ Opinion of MTB
Many brokerage firms have already submitted their reports for MTB stocks, with Wolfe Research repeating the rating for MTB by listing it as a “Outperform.” The predicted price for MTB in the upcoming period, according to Wolfe Research is $210 based on the research report published on October 04, 2024 of the current year 2024.
Evercore ISI, on the other hand, stated in their research note that they expect to see MTB reach a price target of $210, previously predicting the price at $187. The rating they have provided for MTB stocks is “Outperform” according to the report published on October 02nd, 2024.
JP Morgan gave a rating of “Overweight” to MTB, setting the target price at $215 in the report published on September 03rd of the current year.
MTB Trading at 10.95% 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 -3.53% of loss for the given period.
Volatility was left at 2.06%, however, over the last 30 days, the volatility rate increased by 2.35%, as shares surge +12.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.91% upper at present.
During the last 5 trading sessions, MTB rose by +2.38%, which changed the moving average for the period of 200-days by +40.40% in comparison to the 20-day moving average, which settled at $183.17. In addition, M & T Bank Corp saw 41.41% 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 John P. Barnes, who proposed sale 20,000 shares at the price of $194.36 back on Oct 22 ’24. After this action, John P. Barnes now owns shares of M & T Bank Corp, valued at $3,887,200 using the latest closing price.
King Darren J, the Former Officer of M & T Bank Corp, proposed sale 10,000 shares at $195.00 during a trade that took place back on Oct 22 ’24, which means that King Darren J is holding shares at $1,950,000 based on the most recent closing price.
Stock Fundamentals for MTB
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 1.0 for the gross margin
The net margin for M & T Bank Corp stands at 0.19. The total capital return value is set at 0.02. Equity return is now at value 8.66, with 1.13 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 0.29. The debt to equity ratio resting at 0.49. The interest coverage ratio of the stock is 1.01.
Currently, EBITDA for the company is 3.62 billion with net debt to EBITDA at 8.93. When we switch over and look at the enterprise to sales, we see a ratio of 3.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.54.
Conclusion
To wrap up, the performance of M & T Bank Corp (MTB) has been better 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.
