M & T Bank Corp (NYSE: MTB) is 25.72% higher on its value in year-to-date trading and has touched a low of $108.53 and a high of $180.63 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 $173.22 in the last trading session, with the day’s loss setting it -0.88%.
Currently trading at $172.34, the stock is -0.15% and 2.11% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.82 million and changing -0.51% at the moment leaves the stock 14.92% off its SMA200. MTB registered 42.84% gain for a year compared to 6-month gain of 24.78%. The firm has a 50-day simple moving average (SMA 50) of $168.7912 and a 200-day simple moving average (SMA200) of $150.10796.
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The stock witnessed a 2.00% loss in the last 1 month and extending the period to 3 months gives it a 17.65%, and is -1.68% down 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 2.16% over the week and 2.32% over the month.
M & T Bank Corp (MTB) has around 21980 employees, a market worth around $28.78B and $13.11B in sales. Current P/E ratio is 12.79 and Fwd P/E is 10.73. Profit margin for the company is 17.17%. Distance from 52-week low is 58.79% and -4.59% 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 -10.51% this year
1203.0 institutions hold shares in M & T Bank Corp (MTB), with institutional investors hold 87.31% of the company’s shares. The shares outstanding are 167.01M, and float is at 166.14M with Short Float at 2.17%. Institutions hold 86.93% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 19.32 million shares valued at $2.92 billion. The investor’s holdings represent 11.6302 of the MTB Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 12.71 million shares valued at $1.92 billion to account for 7.6531 of the shares outstanding. The other top investors are WELLINGTON MANAGEMENT GROUP LLP which holds 11.45 million shares representing 6.8939 and valued at over $1.73 billion, while FMR LLC holds 6.5258 of the shares totaling 10.84 million with a market value of $1.64 billion.
M & T Bank Corp (MTB) Insider Activity
The most recent transaction is an insider sale by SALAMONE DENIS J, the company’s Director. SEC filings show that SALAMONE DENIS J sold 10,000 shares of the company’s common stock on Sep 03 ’24 at a price of $172.03 per share for a total of $1.72 million. Following the sale, the insider now owns 44902.0 shares.
Still, SEC filings show that on Aug 22 ’24, WALTERS KIRK W (Director) disposed off 10,441 shares at an average price of $24.63 for $0.26 million. The insider now directly holds 1,384 shares of M & T Bank Corp (MTB).
