Analysis Of The Weekly Performance Of M&T Bank Corporation (MTB)


M&T Bank Corporation (NYSE:MTB) finished Friday with a subtraction of -$0.41 to close at $145.06, a downside of -0.28 percent. An average of 736,460 shares of common stock have been traded in the last five days. There was a gain of $0.30 in the past week, and it reached a new high 16 times over the past 12 months. The last 20 days have seen an average of 1,505,515 shares traded, while the 50-day average volume stands at 1,458,196.

MTB stock has decreased by -14.68% in the last month. The company shares reached their 1-month lowest point of $138.43 on 12/16/22. With the stock rallying to its 52-week high on 08/16/22, shares of the company touched a low of $138.43 and a high of $193.42 in 52 weeks. It has reached a new high 15 times so far this year and lost -5.55% or -$8.52 in price. In spite of this, the price is down -25.00% from the 52-week high.

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Insider Transactions

MTB stock investors should be aware that M&T Bank Corporation (MTB) stock had its last reported insider trading activity 113 days ago on Sep 09. In this transaction, the insider spent $377,100. Director, GEISEL GARY N, disposed of 500 shares at a price of $189.20 on Aug 19. The insider now owns more than $94,601 worth of shares. Prior to that, Director GEISEL GARY N went on to Sale 533 shares at $189.34 each on Aug 19. An amount of $100,918 was transacted.

Valuation Metrics

M&T Bank Corporation (MTB) has a trailing price-to-earnings (P/E) ratio of 14.42. The stock’s beta is 0.82. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.88, the price-to-book (PB) ratio at 1.09, and the price-to-cash flow ratio at 6.23.

The company has a payout ratio of 54.70%. The company’s most recent quarterly dividend payment was $1.20 a share, without any change from last year. Its latest increase dividend $0.10 reported on Tuesday November 16 2021.

Financial Health

Further, the company has a long term debt to equity ratio of 0.15 and a total debt to equity ratio of 0.15 for the quarter ending September 29. Its gross profit as reported stood at $3.82 billion compared to revenue of $3.94 billion.

Earnings Surprise

For the three-month period that ended September 29, M&T Bank Corporation had $3.46 billion in total debt. The analyst consensus anticipated M&T Bank Corporation’s latest quarter earnings to come in at $4.04 per share, but it turned out to be $3.53, a -12.60% surprise. At the end of the quarter ending September 29, M&T Bank Corporation’s stock balance sheet showed total debt was $4.38 billion. Shareholders own equity worth $172.61 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at M&T Bank Corporation (MTB) price momentum. RSI 9-day as of the close on 30 December was 41.00%, suggesting the stock is Neutral, with historical volatility in this time frame at 15.65%.

As of today, MTB’s price is $144.90 +0.21% or $0.30 from its 5-day moving average. MTB is currently trading -13.82% lower than its 20-day SMA and -19.38% lower than its 100-day SMA. However, the stock’s current price level is -11.04% below the SMA50 and -20.04% below the SMA200.

The stochastic %K and %D were 41.58% and 40.42%, respectively, and the average true range (ATR) was 3.25. With the 14-day stochastic at 43.97% and the average true range at 3.58, the RSI (14) stands at 37.50%. The stock has reached 1.01 on the 9-day MACD Oscillator while the 14-day reading was at 0.71.

Analyst Ratings

DA Davidson launched coverage on M&T Bank Corporation (NYSE: MTB) in its analyst report released on December 21, 2022. The firm assigned the stock a Neutral rating. The consensus rating for M&T Bank Corporation (MTB) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MTB, while 12 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 10 others rate it as a “buy”.

What is MTB’s price target for the next 12 months?

Analysts predict a range of price targets between $153.00 and $255.00, with a median target of $186.00. Taking a look at these predictions, the average price target given by analysts for M&T Bank Corporation (MTB) stock is $192.31.


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