M & T Bank Corp (NYSE: MTB) kicked off on Tuesday, down -0.52% from the previous trading day, before settling in for the closing price of $214.82. Over the past 52 weeks, MTB has traded in a range of $123.46-$216.84.
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During the last 5-year period, the sales growth of Financial Sector giant was 16.01%. While this was happening, its average annual earnings per share was recorded -8.00%. With a float of $165.19 million, this company’s outstanding shares have now reached $166.14 million.
Let’s determine the extent of company efficiency that accounts for 21980 employees. In terms of profitability, gross margin is 109.36%, operating margin of 28.1%, and the pretax margin is 27.0%.
M & T Bank Corp (MTB) Insider Activity
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 0.45%, while institutional ownership is 88.04%. The most recent insider transaction that took place on Nov 14 ’24, was worth 2,396,647. In this transaction Sr. Executive Vice President of this company sold 11,250 shares at a rate of $213.04, taking the stock ownership to the 2,733 shares. Before that another transaction happened on Nov 12 ’24, when Company’s Sr. Executive Vice President sold 4,786 for $214.10, making the entire transaction worth $1,024,693. This insider now owns 2,787 shares in total.
M & T Bank Corp (MTB) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 3.6 earnings per share (EPS), lower than consensus estimate (set at 3.67) by -0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.43 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -8.00% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 4.78% 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 2.66. Likewise, its price to free cash flow for the trailing twelve months is 9.58.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 13.52, a number that is poised to hit 3.76 in the next quarter and is forecasted to reach 16.32 in one year’s time.
Technical Analysis of M & T Bank Corp (MTB)
Looking closely at M & T Bank Corp (NYSE: MTB), its last 5-days average volume was 0.76 million, which is a drop from its year-to-date volume of 1.04 million. As of the previous 9 days, the stock’s Stochastic %D was 81.06%. Additionally, its Average True Range was 4.90.
During the past 100 days, M & T Bank Corp’s (MTB) raw stochastic average was set at 95.59%, which indicates a significant increase from 88.66% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 53.03% in the past 14 days, which was higher than the 29.97% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $188.96, while its 200-day Moving Average is $159.93. However, in the short run, M & T Bank Corp’s stock first resistance to watch stands at $215.20. Second resistance stands at $216.68. The third major resistance level sits at $218.68. If the price goes on to break the first support level at $211.72, it is likely to go to the next support level at $209.72. Should the price break the second support level, the third support level stands at $208.24.
M & T Bank Corp (NYSE: MTB) Key Stats
The company with the Market Capitalisation of 35.46 billion has total of 165,921K 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 3,391 M and last quarter income was 721,000 K.
