M & T Bank Corp [MTB] stock is trading at $214.74, up 0.69%. An important factor to consider is whether the stock is rising or falling in short-term value. The MTB shares have gain 2.55% over the last week, with a monthly amount glided 7.98%, 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.
M & T Bank Corp [MTB] stock has fluctuated between $123.37 and $216.84 over the past year. 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 $214.74 at the most recent close of the market. An investor can expect a potential drop of -7.46% based on the average MTB price forecast.
Analyzing the MTB fundamentals
M & T Bank Corp [NYSE:MTB] reported sales of 13.33B for the trailing twelve months, which represents a growth of 6.89%. Gross Profit Margin for this corporation currently stands at 1.09% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.21%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.49.
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 212.81 points at the first support level, and at 210.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 216.43, and for the 2nd resistance point, it is at 218.12.
Ratios To Look Out For
For context, M & T Bank Corp’s Current Ratio is 0.53. Considering the valuation of this stock, the price to sales ratio is 2.69, the price to book ratio is 1.35 and price to earnings (TTM) ratio is 15.89.
Transactions by insiders
Recent insider trading involved Todaro Michael J., Sr. Executive Vice President, that happened on Nov 12 ’24 when 4786.0 shares were sold. Officer, Wisler Michael A. completed a deal on Nov 14 ’24 to buy 11250.0 shares. Meanwhile, Officer Todaro Michael J. bought 4786.0 shares on Nov 12 ’24.
