M & T Bank Corp (NYSE: MTB) kicked off on Tuesday, down -0.97% from the previous trading day, before settling in for the closing price of $168.78. Over the past 52 weeks, MTB has traded in a range of $108.53-$176.44.
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It was noted that within the last five years, the titan of the Financial sector saw sales topped by 16.01%. While this was happening, its average annual earnings per share was recorded -10.28%. With a float of $166.14 million, this company’s outstanding shares have now reached $166.14 million.
The extent of productivity of a business whose workforce counts for 21980 workers is very important to gauge. In terms of profitability, gross margin is 100.0%, operating margin of 28.08%, and the pretax margin is 26.97%.
M & T Bank Corp (MTB) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Banks – Regional Industry. The insider ownership of M & T Bank Corp is 0.53%, while institutional ownership is 87.98%. The most recent insider transaction that took place on Sep 03 ’24, was worth 1,720,250. In this transaction Director of this company sold 10,000 shares at a rate of $172.03, taking the stock ownership to the 44,902 shares. Before that another transaction happened on Sep 03 ’24, when Company’s Director proposed sale 10,000 for $172.03, making the entire transaction worth $1,720,250.
M & T Bank Corp (MTB) Latest Financial update
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 3.98 earnings per share (EPS), higher than consensus estimate (set at 3.93) by 0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.73 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -10.28% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 4.27% during the next five years compared to 4.38% growth over the previous five years of trading.
M & T Bank Corp (NYSE: MTB) Trading Performance Indicators
Take a look at M & T Bank Corp’s (MTB) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.13. Likewise, its price to free cash flow for the trailing twelve months is 7.12.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 13.48, a number that is poised to hit 3.65 in the next quarter and is forecasted to reach 16.10 in one year’s time.
Technical Analysis of M & T Bank Corp (MTB)
The latest stats from [M & T Bank Corp, MTB] show that its last 5-days average volume of 0.91 million was inferior to 1.01 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 32.66%. Additionally, its Average True Range was 3.63.
During the past 100 days, M & T Bank Corp’s (MTB) raw stochastic average was set at 75.59%, which indicates a significant increase from 49.46% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.44% in the past 14 days, which was lower than the 21.35% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $163.55, while its 200-day Moving Average is $146.56. Now, the first resistance to watch is $169.67. This is followed by the second major resistance level at $172.18. The third major resistance level sits at $175.22. If the price goes on to break the first support level at $164.12, it is likely to go to the next support level at $161.08. The third support level lies at $158.57 if the price breaches the second support level.
M & T Bank Corp (NYSE: MTB) Key Stats
The company with the Market Capitalisation of 27.92 billion has total of 166,854K Shares Outstanding. Its annual sales at the moment are 12,752 M in contrast with the sum of 2,741 M annual income. Company’s last quarter sales were recorded 3,373 M and last quarter income was 655,000 K.
