At the time of writing, M & T Bank Corp [MTB] stock is trading at $197.56, up 0.94%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MTB shares have gain 1.91% over the last week, with a monthly amount glided 14.38%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
M & T Bank Corp [NYSE: MTB] stock has seen the most recent analyst activity on October 04, 2024, when Wolfe Research upgraded its rating to a Outperform but kept the price target unchanged to $210 for it. Previously, Evercore ISI upgraded its rating to Outperform on October 02, 2024, and elevated its price target to $210. On September 03, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $215 on the stock. Wells Fargo downgraded its rating to a Underweight and decreased its price target to $165 on August 15, 2024. Deutsche Bank downgraded its rating to a Hold but $145 remained the price target by the analyst firm on December 18, 2023. Odeon downgraded its rating to Hold for this stock on September 29, 2023, but kept the price target unchanged to $133.65. In a note dated April 18, 2023, Argus upgraded an Buy rating on this stock but restated the target price of $150.
For the past year, the stock price of M & T Bank Corp fluctuated between $109.82 and $200.94. Currently, Wall Street analysts expect the stock to reach $198.71 within the next 12 months. M & T Bank Corp [NYSE: MTB] shares were valued at $197.56 at the most recent close of the market. An investor can expect a potential return of 0.58% based on the average MTB price forecast.
Analyzing the MTB fundamentals
According to M & T Bank Corp [NYSE:MTB], the company’s sales were 13.33B for trailing twelve months, which represents an 6.89% jump. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.25%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.09 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.49.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 195.55 points at the first support level, and at 193.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 199.53, and for the 2nd resistance point, it is at 201.51.
Ratios To Look Out For
It is important to note that M & T Bank Corp [NYSE:MTB] has a current ratio of 0.54. Considering the valuation of this stock, the price to sales ratio is 2.47, the price to book ratio is 1.24 and price to earnings (TTM) ratio is 14.62.
Transactions by insiders
Recent insider trading involved Taylor John R., EVP and Controller, that happened on Oct 28 ’24 when 1436.0 shares were sold. Sr. EVP & Chief Legal Officer, O’Hara Laura P. completed a deal on Oct 28 ’24 to sell 4855.0 shares. Meanwhile, Chairman of the Board and CEO JONES RENE F sold 23071.0 shares on Oct 28 ’24.
