M & T Bank Corp (NYSE: MTB) is 20.11% higher on its value in year-to-date trading and has touched a low of $108.53 and a high of $163.50 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MTB stock was last observed hovering at around $163.12 in the last trading session, with the day’s gains setting it 1.53%.
Currently trading at $164.65, the stock is 9.42% and 10.04% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.08 million and changing 0.94% at the moment leaves the stock 19.73% off its SMA200. MTB registered 25.35% gain for a year compared to 6-month gain of 25.31%.
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The stock witnessed a 15.80% loss in the last 1 month and extending the period to 3 months gives it a 19.84%, and is 8.05% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.36% over the week and 2.27% over the month.
M & T Bank Corp (MTB) has around 21980 employees, a market worth around $27.48B and $13.06B in sales. Current P/E ratio is 11.13 and Fwd P/E is 10.22. Profit margin for the company is 18.88%. Distance from 52-week low is 51.71% and 0.70% from its 52-week high. The company has generated returns on investments over the last 12 months (6.38%).
The EPS is expected to shrink by -11.28% this year
The shares outstanding are 166.14M, and float is at 165.96M with Short Float at 1.77%.
M & T Bank Corp (MTB) Insider Activity
The most recent transaction is an insider sale by BARNES JOHN P, the company’s Director. SEC filings show that BARNES JOHN P sold 43,426 shares of the company’s common stock on May 14 ’24 at a price of $154.50 per share for a total of $6.71 million. Following the sale, the insider now owns 35480.0 shares.
M & T Bank Corp disclosed in a document filed with the SEC on May 10 ’24 that WALTERS KIRK W (Director) sold a total of 12,321 shares of the company’s common stock. The trade occurred on May 10 ’24 and was made at $153.21 per share for $1.89 million. Following the transaction, the insider now directly holds 0.0 shares of the MTB stock.
Still, SEC filings show that on May 10 ’24, WALTERS KIRK W (Director) disposed off 2,650 shares at an average price of $153.21 for $0.41 million. The insider now directly holds 3,698 shares of M & T Bank Corp (MTB).
