M & T Bank Corp (MTB) concluded trading on Thursday at a closing price of $198.87, with 3.22 million shares of worth about $640.31 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 42.76% during that period and on October 17, 2024 the price saw a gain of about 5.03%. Currently the company’s common shares owned by public are about 167.01M shares, out of which, 166.14M shares are available for trading.
Stock saw a price change of 11.05% in past 5 days and over the past one month there was a price change of 14.26%. Year-to-date (YTD), MTB shares are showing a performance of 45.08% which increased to 59.88% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $108.53 but also hit the highest price of $190.41 during that period. The average intraday trading volume for M & T Bank Corp shares is 1.02 million. The stock is currently trading 10.83% above its 20-day simple moving average (SMA20), while that difference is up 15.61% for SMA50 and it goes to 30.47% higher than SMA200.
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M & T Bank Corp (NYSE: MTB) currently have 167.01M outstanding shares and institutions hold larger chunk of about 86.01% of that.
The stock has a current market capitalization of $33.21B and its 3Y-monthly beta is at 0.75. PE ratio of stock for trailing 12 months is 14.75, while it has posted earnings per share of $13.48 in the same period. Its PEG reads 3.28 while making debt-to-equity ratio of 0.57. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MTB, volatility over the week remained 2.88% while standing at 2.14% over the month.
Stock’s fiscal year EPS is expected to drop by -9.37% while it is estimated to increase by 12.76% in next year. EPS is likely to grow at an annualized rate of 4.50% for next 5-years, compared to annual growth of 4.38% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wolfe Research on October 04, 2024 offering an Outperform rating for the stock and assigned a target price of $210 to it. Coverage by Evercore ISI stated M & T Bank Corp (MTB) stock as an Outperform in their note to investors on October 02, 2024, suggesting a price target of $210 for the stock. On September 03, 2024, JP Morgan Upgrade their recommendations, while on August 15, 2024, Wells Fargo Downgrade their ratings for the stock with a price target of $165. Stock get a Hold rating from Deutsche Bank on December 18, 2023.
