Home Sectors Financial Services Latest Technicals: M&T Bank (NYSE: MTB)

Latest Technicals: M&T Bank (NYSE: MTB)

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M&T Bank trades as part of the financial services sector and trades as part of the banking industry. The company CEO is Rene F. Jones. M&T Bank offers banking services. Its reportable segments are Business Banking, Commercial Banking, Commercial Real Estate, Discretionary Portfolio, Residential Mortgage Banking and Retail Banking.

Previous Intraday Trading Performance:

The MTB stock showed a previous change of -0.75% with an open at 177.76 and a close of 175.78. It reached an intraday high of 179.17 and a low of 175.47.

SeekingAlpha:  Super Regional Banks Can Be Traded, But Are Not Great Investments

Liquidity:

The stock has a market cap of $25.5b with 145.2m shares outstanding, of which the float is 141.4m shares. Trading volume reached 867,304 shares compared to its average volume of 678,208 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, M&T Bank shares returned 0.83% and in the past 30 trading days it returned -3.12%. Over three months, it changed -9.40%. In one year it has changed 10.18% and within that year its 52-week high was 197.37 and its 52-week low was 141.12. MTB stock is 24.56% above its 52 Week Low.

Our calculations show a 200 day moving average of 172.57 and a 50 day moving average of 180.34. Currently MTB stock is trading 1.86% above its 200 day moving average and may be a good opportunity to buy.

PR Newswire:  M&T Bank Earns 19th Consecutive 'Outstanding' Rating on Community Reinvestment Act Exam

Earnings:

The last annual fiscal EPS for the company was reported at 8.69 that ended on 2017-12-31, which according to the previous close, that is a PE of 20.23. Based on 8 analyst estimates, the consensus EPS for the next quarter is 2.74. The TTM EPS is 10.22, which comes to a TTM PE of 17.20. Historically, the PE high was 22.90 and the PE low was 13.20. If the stock reached its PE low, that would represent a price of 134.90, which is a decrease of -23.26%.

The following are the last four quarter reported earnings per share:
03-31-2018:  2.94
12-31-2017:  2.66
09-30-2017:  2.24
06-30-2017:  2.38

The dividend per share is currently 3.20, which is a dividend yield of 1.81%. Also, the payout ratio is 31.31%, therefore the dividend is safe according to our calculations.

Base on our calculations, the intrinsic value per share is 150.29, which means it may be overvalued by -16.96%

Indicators to Watch:

Based on the latest filings, there is 73.50% of institutional ownership. Short-interest is 2,119,672, which is 1.46% of shares outstanding. The short-interest ratio or days-to-cover ratio is 2.53. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 0.92

PR Newswire:  M&T Bank Earns 19th Consecutive 'Outstanding' Rating on Community Reinvestment Act Exam

Fundamental Indicators:

Based on last reported financials, the company's return on equity is 8.37%, return on assets is 1.02%, profit margin is 22.76%, price-to-sales is 4.21 and price-to-book is 1.78.

Company Scores:

All scores are out of six:
 0  :Valuation Score
 3  :Past Performance Score
 6  :Financial Strength Score
 1  :Future Growth Score
 5  :Dividend Score
 3  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks. Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.

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