M & T Bank Corp [NYSE: MTB] gained 0.96% or 1.81 points to close at $190.91 with a heavy trading volume of 293501 shares.
The daily chart for MTB points out that the company has recorded 29.61% gains over the past six months.
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If we look at the average trading volume of 1.16M shares, MTB reached to a volume of 293501 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about M & T Bank Corp [MTB]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MTB shares is $230.14 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MTB stock is a recommendation set at 2.14. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JP Morgan have made an estimate for M & T Bank Corp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 04, 2024. While these analysts kept the previous recommendation, Citigroup raised their target price from $220 to $230. The new note on the price target was released on November 25, 2024, representing the official price target for M & T Bank Corp stock. Previously, the target price had yet another raise to $210, while Wolfe Research analysts kept a Outperform rating on MTB stock. On October 02, 2024, analysts increased their price target for MTB shares from 187 to 210.
The Average True Range (ATR) for M & T Bank Corp is set at 4.83, with the Price to Sales ratio for MTB stock in the period of the last 12 months amounting to 2.38. The Price to Book ratio for the last quarter was 1.20. Price to Free Cash Flow for MTB in the course of the last twelve months was 8.56.
Trading performance analysis for MTB stock
M & T Bank Corp [MTB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.66. With this latest performance, MTB shares dropped by -13.65% in over the last four-week period, additionally plugging by 29.61% over the last 6 months – not to mention a rise of 39.86% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MTB stock in for the last two-week period is set at 34.92, with the RSI for the last a single of trading hit 31.42, and the three-weeks RSI is set at 39.93 for M & T Bank Corp [MTB]. The present Moving Average for the last 50 days of trading for this stock 203.68, while it was recorded at 188.21 for the last single week of trading, and 168.17 for the last 200 days.
M & T Bank Corp [MTB]: A deeper dive into fundamental analysis
M & T Bank Corp’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.53.
M & T Bank Corp [MTB]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MTB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for M & T Bank Corp go to 5.40%.
An analysis of Institutional ownership at M & T Bank Corp [MTB]
There are presently around $88.94%, or 89.31%% of MTB stock, in the hands of institutional investors. The top three institutional holders of MTB stocks are: VANGUARD GROUP INC with ownership of 19.32 million shares, which is approximately 11.6302%. BLACKROCK INC., holding 12.71 million shares of the stock with an approximate value of $$1.92 billion in MTB stocks shares; and BLACKROCK INC., currently with $$1.73 billion in MTB stock with ownership which is approximately 6.8939%.
