With 0.83 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.99 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $179.54 whereas the lowest price it dropped to was $177.575. The 52-week range on MTB shows that it touched its highest point at $180.63 and its lowest point at $108.53 during that stretch. It currently has a 1-year price target of $193.39. With its current market cap of 29.91 billion, MTB has annualized dividend of $5.30 while the current yield stands at 2.96%. Beta for the stock currently stands at 0.75.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MTB was up-trending over the past week, with a rise of 3.91%, but this was up by 7.95% over a month. Three-month performance surged to 15.38% while six-month performance rose 32.48%. The stock gained 41.09% in the past year, while it has gained 30.64% so far this year. A look at the trailing 12-month EPS for MTB yields 13.48 with Next year EPS estimates of 16.08. For the next quarter, that number is 3.64. This implies an EPS growth rate of -10.41% for this year and 13.64% for next year. EPS is expected to grow by 4.50% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 4.38%.
Float and Shares Shorts:
At present, 167.01 million MTB shares are outstanding with a float of 166.14 million shares on hand for trading. On 2024-09-30, short shares totaled 4.37 million, which was 261.99998 higher than short shares on 1724976000. In addition to Mr. Rene F. Jones CPA as the firm’s Chairman & CEO, Mr. Daryl N. Bible serves as its Senior EVP & CFO.
Institutional Ownership:
Through their ownership of 0.87029 of MTB’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MTB since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
