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M & T Bank Corp (NYSE: MTB) closed the day trading at $161.55 up 0.87% from the previous closing price of $160.16. In other words, the price has increased by $0.87 from its previous closing price. On the day, 1.13 million shares were traded. MTB stock price reached its highest trading level at $163.13 during the session, while it also had its lowest trading level at $160.755.
Ratios:
For a better understanding of MTB, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.57 whereas as Long-Term Debt/Eq ratio is at 0.40.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on Aug-16-24, Downgraded its rating to Underweight and sets its target price to $165 from $170 previously.
On December 18, 2023, Deutsche Bank Downgraded its rating to Hold which previously was Buy but kept the price unchanged to $145.
Odeon Downgraded its Buy to Hold on September 29, 2023, while the target price for the stock was maintained at $133.65.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 14 ’24 when WALTERS KIRK W sold 14,847 shares for $24.61 per share. The transaction valued at 365,324 led to the insider holds 24,744 shares of the business.
WALTERS KIRK W sold 350 shares of MTB for $8,610 on Aug 13 ’24. The Director now owns 39,591 shares after completing the transaction at $24.60 per share. On Aug 15 ’24, another insider, WALTERS KIRK W, who serves as the Director of the company, sold 20 shares for $24.60 each. As a result, the insider received 492 and left with 24,724 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MTB now has a Market Capitalization of 26979010560 and an Enterprise Value of 19672829952. As of this moment, M’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.98, and their Forward P/E ratio for the next fiscal year is 10.03. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.81. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.06 while its Price-to-Book (P/B) ratio in mrq is 1.05. Its current Enterprise Value per Revenue stands at 2.322.
Stock Price History:
The Beta on a monthly basis for MTB is 0.76, which has changed by 0.25438595 over the last 52 weeks, in comparison to a change of 0.24841464 over the same period for the S&P500. Over the past 52 weeks, MTB has reached a high of $176.44, while it has fallen to a 52-week low of $108.53. The 50-Day Moving Average of the stock is 3.55%, while the 200-Day Moving Average is calculated to be 13.53%.
Shares Statistics:
Over the past 3-months, MTB traded about 878.48K shares per day on average, while over the past 10 days, MTB traded about 877210 shares per day. A total of 166.14M shares are outstanding, with a floating share count of 166.10M. Insiders hold about 0.55% of the company’s shares, while institutions hold 88.22% stake in the company. Shares short for MTB as of 1722384000 were 3186851 with a Short Ratio of 3.63, compared to 1719532800 on 2930330. Therefore, it implies a Short% of Shares Outstanding of 3186851 and a Short% of Float of 2.17.
Dividends & Splits
MTB’s forward annual dividend rate is 5.25, up from 5.25 a year ago. Against a Trailing Annual Dividend Yield of 0.03277972The stock’s 5-year Average Dividend Yield is 3.32. The current Payout Ratio is 32.94% for MTB, which recently paid a dividend on 2024-06-03 with an ex-dividend date of 1717372800. Stock splits for the company last occurred on 2000-10-06 when the company split stock in a 10:1 ratio.
