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Wednesday, December 6, 2023

Analysts Point To M & T Bank Corp (NYSE: MTB) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for M & T Bank Corp (MTB) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.63, or -0.56%, to $111.50. The M & T Bank Corp has recorded 23,301 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that M&T Bank Corporation to Participate in the BancAnalysts Association of Boston Conference.

Stocks Info

As a NYSE listed company, MTB falls under the Financial sector while operating within the Banks – Regional industry segment. At the end of the last regular session, the stock closed at $112.13 and fluctuated between $113.38 as its day high and $111.08 as its day low. The current market capitalization of M & T Bank Corp is $18.61B. A total of 0.94 million shares were traded on the day, compared to an average of 931.51K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, MTB has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 1,000 shares. Over the last 12 months, there were 89 BUYs and 75 SELLs from insiders. Insiders purchased 168,334 shares during that period but sold 103,875.

In the most recent transaction, Meister Doris P. sold 1,000 shares of MTB for 110.58 per share on Oct 30. After the transaction, the Sr. Executive Vice President now owns 6,055 company shares. In a previous transaction on Oct 25, Bible Daryl N. bought 5,000 shares at 111.04 per share. MTB shares that Sr. EVP & CFO owns now total 32,876.

Among the insiders who sold shares, Meister Doris P. disposed of 1,000 shares on Aug 11 at a per-share price of $136.02. This resulted in the Sr. Executive Vice President holding 7,055 shares of MTB after the transaction. In another insider transaction, BARNES JOHN P sold 53,542 shares at $140.00 per share on Jul 28. Company shares held by the Director now total 34,545.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. M & T Bank Corp pays an annual dividend of $5.23, resulting in a dividend yield of 4.66%, and it has a price to earnings (P/E) ratio of 6.47. MTB’s most recent ex-dividend date was 8/31/2023 when it declared a $1.30 quarterly dividend that was paid in cash on 9/29/2023. Previously, the company paid the dividend on 6/30/2023 with an ex-dividend date of 5/31/2023. The MTB stock dividend was $1.30 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for MTB in the last 3 months, the mean price target is $145.44 with high estimates of $180.00 and low estimates of $121.00. In terms of 52-week highs and lows, MTB has a high of $172.59 and a low of $108.53.

As of this writing, MTB has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. Its Book Value Per Share was $145.72, while its Total Shareholder’s Equity was $17.90B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MTB is Buy with a score of 3.94.

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