M & T Bank Corp (NYSE: MTB) is 18.84% 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 $162.26 in the last trading session, with the day’s gains setting it 0.65%.
Currently trading at $162.91, the stock is -1.37% and 3.54% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.67 million and changing 0.40% at the moment leaves the stock 13.67% off its SMA200. MTB registered 26.89% gain for a year compared to 6-month gain of 18.81%.
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The stock witnessed a -5.38% loss in the last 1 month and extending the period to 3 months gives it a 6.21%, and is 1.72% 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 1.27% over the week and 2.11% over the month.
M & T Bank Corp (MTB) has around 21980 employees, a market worth around $27.21B and $13.11B in sales. Current P/E ratio is 12.09 and Fwd P/E is 10.12. Profit margin for the company is 17.17%. Distance from 52-week low is 50.11% and -7.67% from its 52-week high. The company has generated returns on investments over the last 12 months (5.66%).
The EPS is expected to shrink by -10.21% this year
1212.0 institutions hold shares in M & T Bank Corp (MTB), with institutional investors hold 87.35% of the company’s shares. The shares outstanding are 166.14M, and float is at 165.89M with Short Float at 1.92%. Institutions hold 86.96% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 19.28 million shares valued at $2.8 billion. The investor’s holdings represent 11.6089 of the MTB Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 12.91 million shares valued at $1.88 billion to account for 7.7731 of the shares outstanding. The other top investors are WELLINGTON MANAGEMENT GROUP LLP which holds 12.42 million shares representing 7.4795 and valued at over $1.81 billion, while FMR LLC holds 5.7031 of the shares totaling 9.47 million with a market value of $1.38 billion.
M & T Bank Corp (MTB) Insider Activity
The most recent transaction is an insider sale by WALTERS KIRK W, the company’s Director. SEC filings show that WALTERS KIRK W sold 5,097 shares of the company’s common stock on Aug 20 ’24 at a price of $24.60 per share for a total of $0.13 million. Following the sale, the insider now owns 15317.0 shares.
M & T Bank Corp disclosed in a document filed with the SEC on Aug 19 ’24 that WALTERS KIRK W (Director) sold a total of 2,471 shares of the company’s common stock. The trade occurred on Aug 19 ’24 and was made at $24.60 per share for $60787.0. Following the transaction, the insider now directly holds 20414.0 shares of the MTB stock.
Still, SEC filings show that on Aug 16 ’24, WALTERS KIRK W (Director) disposed off 1,839 shares at an average price of $24.60 for $45239.0. The insider now directly holds 22,885 shares of M & T Bank Corp (MTB).
