With 1.48 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.05 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $212.9 whereas the lowest price it dropped to was $206.6201. The 52-week range on MTB shows that it touched its highest point at $216.84 and its lowest point at $115.93 during that stretch. It currently has a 1-year price target of $213.83. With its current market cap of 34.53 billion, MTB has annualized dividend of $5.30 while the current yield stands at 2.55%. Beta for the stock currently stands at 0.74.
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 6.90%, but this was up by 16.17% over a month. Three-month performance surged to 28.28% while six-month performance rose 36.32%. The stock gained 71.88% in the past year, while it has gained 51.82% so far this year. A look at the trailing 12-month EPS for MTB yields 13.52 with Next year EPS estimates of 16.32. For the next quarter, that number is 3.76. This implies an EPS growth rate of -7.98% for this year and 12.28% for next year. EPS is expected to grow by 4.55% 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 166.19 million shares on hand for trading. On 2024-10-15, short shares totaled 4.38 million, which was 264.00002 higher than short shares on 1726185600. 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 0.87514 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 9 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With MTB analysts setting a high price target of 240.0 and a low target of 127.05, the average target price over the next 12 months is 205.12. Based on these targets, MTB could surge 15.32% to reach the target high and fall by -38.95% to reach the target low. Reaching the average price target will result in a decline of -1.44% from current levels.
Analysts have provided yearly estimates in a range of $14.92148 being high and $14.01897 being low. For MTB, this leads to a yearly average estimate of $14.53039. The surprise factor in the prior quarter was $3.5. Based on analyst estimates, the high estimate for the next quarter is $3.85 and the low estimate is $3.25. The average estimate for the next quarter is thus $3.48.
