The stock price of M & T Bank Corp (NYSE: MTB) has jumped by 1.45 compared to previous close of 213.52. Despite this, the company has seen a gain of 1.57% in its stock price over the last five trading days. prnewswire.com reported 2024-11-21 that BUFFALO, N.Y., Nov. 21, 2024 /PRNewswire/ — M&T Bank Corporation (“M&T”) (NYSE:MTB) announced today that it plans to host conference calls to review 2026 quarterly financial results on the following dates: First quarter 2026 – Wednesday, April 15, 2026, at 8:00 a.m.
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 16.03x, which is above its average ratio. Moreover, the 36-month beta value for MTB is 0.74. Analysts have varying opinions on the stock, with 8 analysts rating it as a “buy,” 4 as “overweight,” 14 as “hold,” and 3 as “sell.”
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The public float for MTB is 165.19M and currently, short sellers hold a 2.04% of that float. On November 22, 2024, MTB’s average trading volume was 1.08M shares.
MTB’s Market Performance
The stock of M & T Bank Corp (MTB) has seen a 1.57% increase in the past week, with a 11.75% rise in the past month, and a 28.42% gain in the past quarter. The volatility ratio for the week is 1.73%, 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 5.30% for MTB’s stock, with a 34.74% simple moving average for the past 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 13.45% 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 -0.10% of loss for the given period.
Volatility was left at 2.08%, however, over the last 30 days, the volatility rate increased by 1.73%, as shares surge +11.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +30.75% upper at present.
During the last 5 trading sessions, MTB rose by +1.57%, which changed the moving average for the period of 200-days by +66.03% in comparison to the 20-day moving average, which settled at $205.72. In addition, M & T Bank Corp saw 58.02% 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 17,094 shares at the price of $213.63 back on Nov 21 ’24. After this action, John P. Barnes now owns shares of M & T Bank Corp, valued at $3,651,791 using the latest closing price.
BARNES JOHN P, the Director of M & T Bank Corp, proposed sale 2,906 shares at $216.38 during a trade that took place back on Nov 21 ’24, which means that BARNES JOHN P is holding shares at $628,802 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
- 1.09 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 8.66, 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 0.17. The debt to equity ratio resting at 0.49. The interest coverage ratio of the stock is 0.75.
Currently, EBITDA for the company is 3.84 billion with net debt to EBITDA at 3.32. When we switch over and look at the enterprise to sales, we see a ratio of 4.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.53.
Conclusion
To wrap up, the performance of M & T Bank Corp (MTB) has been better in recent times. The stock has received a bullish 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.
