M & T Bank Corp (NYSE:MTB) shares, rose in value, with the stock price down by -0.35% to the previous day’s close as strong demand from buyers drove the stock to $146.38.
Actively observing the price movement in the last trading, the stock closed the session at $146.90. The PE ratio was 9.89 over 12-month period. Referring to stock’s 52-week performance, its high was $148.25, and the low was $108.53. On the whole, MTB has fluctuated by 1.09% over the past month.
The company’s Forward Dividend Ratio is 5.20, with its dividend yield at 3.55%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MTB’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of MTB currently trading nearly 3.87% and 4.08% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.37, while the 7-day volatility ratio is showing 1.91% which for the 30-day chart, stands at 2.18%. Furthermore, M & T Bank Corp (MTB)’s beta value is 0.77, and its average true range (ATR) is 3.45.
A comparison of M & T Bank Corp (MTB) with its peers suggests the former has fared considerably weaker in the market. MTB showed an intraday change of -0.35% in last session, and over the past year, it grew by 21.35%%.
Data on historical trading for M & T Bank Corp (NYSE:MTB) indicates that the trading volumes over the past 3 months, they’ve averaged 1.18 million. According to company’s latest data on outstanding shares, there are 166.14 million shares outstanding.
Nearly 0.55% of M & T Bank Corp’s shares belong to company insiders and institutional investors own 85.59% of the company’s shares. The stock has risen by 6.78% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MTB stock heading into the next quarter.
