M & T Bank Corp (NYSE: MTB) is 16.84% higher on its value in year-to-date trading and has touched a low of $108.53 and a high of $176.44 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 $160.33 in the last trading session, with the day’s loss setting it -0.17%.
Currently trading at $160.16, the stock is -3.87% and 2.82% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.87 million and changing -0.11% at the moment leaves the stock 12.74% off its SMA200. MTB registered 20.54% gain for a year compared to 6-month gain of 20.67%.
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The stock witnessed a -1.81% loss in the last 1 month and extending the period to 3 months gives it a 3.29%, and is 0.25% 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 1.79% over the week and 2.73% over the month.
M & T Bank Corp (MTB) has around 21980 employees, a market worth around $26.75B and $13.11B in sales. Current P/E ratio is 11.88 and Fwd P/E is 9.95. Profit margin for the company is 17.17%. Distance from 52-week low is 47.57% and -9.23% from its 52-week high. The company has generated returns on investments over the last 12 months (5.66%).
M & T Bank Corp quarterly earnings per share for the current quarter are estimated at $3.65 with sales reaching $2.32B over the same period.The EPS is expected to shrink by -10.21% this year, but quarterly earnings will post 10.10% year-over-year. Quarterly sales are estimated to grow 0.20% in year-over-year returns.
The shares outstanding are 166.14M, and float is at 166.10M with Short Float at 1.92%.
M & T Bank Corp (MTB) Insider Activity
The most recent transaction is an insider sale by PEARSON KEVIN J, the company’s Vice Chairman. SEC filings show that PEARSON KEVIN J sold 6,095 shares of the company’s common stock on Aug 09 ’24 at a price of $162.28 per share for a total of $0.99 million. Following the sale, the insider now owns 47944.0 shares.
M & T Bank Corp disclosed in a document filed with the SEC on Aug 09 ’24 that Todaro Michael J. (Sr. Executive Vice President) sold a total of 4,791 shares of the company’s common stock. The trade occurred on Aug 09 ’24 and was made at $162.57 per share for $0.78 million. Following the transaction, the insider now directly holds 3086.0 shares of the MTB stock.
Still, SEC filings show that on Aug 09 ’24, Todaro Michael J. (Officer) Proposed Sale 4,791 shares at an average price of $162.58 for $0.78 million. The insider now directly holds shares of M & T Bank Corp (MTB).
