M & T Bank Corp (NYSE: MTB) is 6.84% higher on its value in year-to-date trading and has touched a low of $128.31 and a high of $225.70 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 $195.02 in the last trading session, with the day’s gains setting it 5.85%.
Currently trading at $200.87, the stock is 5.02% and -1.02% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.14 million and changing 3.00% at the moment leaves the stock 17.23% off its SMA200. MTB registered 50.94% gain for a year compared to 6-month gain of 23.14%. The firm has a 50-day simple moving average (SMA 50) of $202.8158 and a 200-day simple moving average (SMA200) of $171.0735.
The stock witnessed a 0.46% loss in the last 1 month and extending the period to 3 months gives it a 8.25%, and is 4.60% 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 2.21% over the week and 2.32% over the month.
M & T Bank Corp (MTB) has around 21980 employees, a market worth around $33.33B and $13.33B in sales. Current P/E ratio is 14.86 and Fwd P/E is 12.26. Profit margin for the company is 16.96%. Distance from 52-week low is 56.55% and -11.00% from its 52-week high. The company has generated returns on investments over the last 12 months (5.59%).
with sales reaching $2.34B over the same period.The EPS is expected to shrink by -8.30% this year, but quarterly earnings will post -4.03% year-over-year. Quarterly sales are estimated to grow 1.92% in year-over-year returns.
1246.0 institutions hold shares in M & T Bank Corp (MTB), with institutional investors hold 89.49% of the company’s shares. The shares outstanding are 166.15M, and float is at 165.22M with Short Float at 1.84%. Institutions hold 89.12% 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 GEISEL GARY N, the company’s Vice Chairman. SEC filings show that GEISEL GARY N sold 2,490 shares of the company’s common stock on Dec 03 ’24 at a price of $215.89 per share for a total of $0.54 million. Following the sale, the insider now owns 0.0 shares.
Still, SEC filings show that on Nov 26 ’24, Woodrow Tracy S. (Sr. Executive Vice President) disposed off 2,121 shares at an average price of $220.75 for $0.47 million. The insider now directly holds 5,141 shares of M & T Bank Corp (MTB).
