Momentum Is Strong For M & T Bank Corp (NYSE: MTB)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NYSE-listed company operates within the Banks – Regional industry segment, falling under the Financial sector. The current market capitalization of M & T Bank Corp is $30.93B. A total of 1.15 million shares were traded on the day, compared to an average of 990.10K shares.

In the most recent transaction, SALAMONE DENIS J sold 10,000 shares of MTB for 172.03 per share on Sep 03 ’24. After the transaction, the Director now owns 44,902 company shares. In a previous transaction on Sep 03 ’24, Denis J. Salamone bought 10,000 shares at 172.03 per share.

Among the insiders who sold shares, WALTERS KIRK W disposed of 10,441 shares on Aug 22 ’24 at a per-share price of $24.63. This resulted in the Director holding 1,384 shares of MTB after the transaction. In another insider transaction, WALTERS KIRK W sold 3,492 shares at $24.62 per share on Aug 21 ’24. Company shares held by the Director now total 11,825.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. M & T Bank Corp pays an annual dividend of $5.30, resulting in a dividend yield of 2.86%, and it has a price to earnings (P/E) ratio of 13.74. MTB’s most recent ex-dividend date was 9/3/2024 when it declared a $1.35 quarterly dividend that was paid in cash on 9/30/2024. Previously, the company paid the dividend on 6/28/2024 with an ex-dividend date of 6/3/2024. The MTB stock dividend was $1.35 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, MTB has a high of $180.63 and a low of $108.53.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. Its Book Value Per Share was $153.57, 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 4.11.

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