As of Friday close, M&T Bank Corporation’s (NYSE:MTB) stock was down -$5.06, moving down -3.97 percent to $122.50. The average number of shares traded per day over the past five days has been 5,075,460 shares. 2 times new highs have been achieved over the past 5 days, with a -$9.22 fall in that time frame. In the last twenty days, the average volume was 2,563,410, while in the previous 50 days, it was 1,827,334.
Since last month, MTB stock retreated -23.56%. Shares of the company fell to $120.40 on 03/13/23, the lowest level in the past month. A 52-week high of $193.42 was reached on 02/14/23 after having rallying from a 52-week low of $120.40. Since the beginning of this year, MTB’s stock price has dropped by -15.55% or -$22.56, and marked a new high 13 times. However, the stock has declined by -36.67% since its 52-week high.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
MTB stock investors should be aware that M&T Bank Corporation (MTB) stock had its last reported insider trading activity 25 days ago on Feb 21. Ledgett Richard H. Jr., the Director of the company, purchased of 390 shares for $156.40 on Feb 21. It resulted in a $61,000 investment by the insider. Warman D Scott N sold 2,000 shares at an average price of $188.55 on Sep 09. The insider now owns 8,349 shares following the transaction. On Aug 19, Sr. Executive Vice President Todaro Michael J. sold 1,050 shares at $188.83 apiece. The transaction was valued at $198,270.
Right now, M&T Bank Corporation (MTB) has a P/E ratio of about 11.16. The stock’s beta is 0.83. Besides these, the trailing price-to-sales (P/S) ratio of 3.34, the price-to-book (PB) ratio of 0.90, and the price-to-cash flow ratio of 5.84 may also be considered.
The latest dividend of $1.30 per share was paid out, which is 8.33% more than last year’s $1.20. On Wednesday February 22 2023, a $0.10 dividend increase was announced.
According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.17, and the total debt-to-equity ratio was 0.17. In the year ended December 30, operating margins totaled 84.90%. Based on annual data, MTB earned $5.82 billion in gross profit and brought in $6.25 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 17.20%. Return on equity (ROE) for the past 12 months was 8.80%.
In M&T Bank Corporation’s quarter-end financial report for December 30, it reported total debt of $3.96 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected M&T Bank Corporation to report $4.3 quarterly earnings, the actual figure was $4.29 per share, beating the consensus estimate by -0.20%. The value of shareholders’ equity is $167.79 million.
This quick technical analysis looks at M&T Bank Corporation’s (MTB) price momentum. With a historical volatility rate of 30.77%, the RSI 9-day stood at 15.73% on 17 March.
With respect to its five-day moving average, the current M&T Bank Corporation price is down by -7.00% percent or -$9.22. At present, MTB shares trade -23.28% below its 20-day simple moving average and -24.28% percent below its 100-day simple moving average. However, the stock is currently trading approximately -16.43% below its SMA50 and -31.93% below its SMA200.
Stochastic coefficient K was 12.08% and Stochastic coefficient D was 14.75%, while ATR was 6.61. Given the Stochastic reading of 5.80% for the 14-day period, the RSI (14) reading has been calculated as 19.18%. As of today, the MACD Oscillator reading stands at -6.06, while the 14-day reading stands at -13.94.
Odeon upgraded its rating on M&T Bank Corporation (NYSE: MTB) to a Buy in a note to investors on January 10, 2023. The analysts firm previously had a Hold rating on the stock.M&T Bank Corporation (MTB) has been rated Overweight by analysts. According to 0 brokerage firms, MTB is a sell, and 11 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate M&T Bank Corporation stock as buy, with 10 recommending it as overweight.
With a median target price of $174.50, the current consensus forecast for the stock is $150.00 – $212.00. Based on these forecasts, analysts predict M&T Bank Corporation (MTB) will achieve an average price target of $177.28.