M & T Bank Corp (NYSE: MTB) is 51.82% higher on its value in year-to-date trading and has touched a low of $115.93 and a high of $216.84 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 $216.56 in the last trading session, with the day’s loss setting it -8.45%.
Currently trading at $208.11, the stock is 6.81% and 14.40% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.48 million and changing -3.90% at the moment leaves the stock 32.61% off its SMA200. MTB registered 71.88% gain for a year compared to 6-month gain of 36.32%. The firm has a 50-day simple moving average (SMA 50) of $181.1638 and a 200-day simple moving average (SMA200) of $156.60535.
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The stock witnessed a 16.17% loss in the last 1 month and extending the period to 3 months gives it a 28.28%, and is 6.90% 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 2.91% over the week and 2.37% over the month.
M & T Bank Corp (MTB) has around 21980 employees, a market worth around $34.53B and $13.33B in sales. Current P/E ratio is 15.40 and Fwd P/E is 12.76. Profit margin for the company is 16.96%. Distance from 52-week low is 79.52% and -4.03% from its 52-week high. The company has generated returns on investments over the last 12 months (5.59%).
The EPS is expected to shrink by -7.98% this year
1235.0 institutions hold shares in M & T Bank Corp (MTB), with institutional investors hold 87.89% of the company’s shares. The shares outstanding are 167.01M, and float is at 166.19M with Short Float at 2.64%. Institutions hold 87.51% 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
Still, SEC filings show that on Nov 06 ’24, Kirk W. Walters (Director) Proposed Sale 16,635 shares at an average price of $207.94 for $3.46 million. The insider now directly holds shares of M & T Bank Corp (MTB).
