M&T Bank Corporation (NYSE:MTB) traded at a new 52-week high today of $191.48. Approximately 86,000 shares have changed hands today, as compared to an average 30-day volume of 1 million shares.
M&T Bank Corp is one of the largest regional banks in the United States, with branches in New York, Pennsylvania, West Virginia, Virginia, Maryland, Delaware, and New Jersey. The bank was founded to serve manufacturing and trading businesses around the Erie Canal and is primarily focused on commercial real estate and commercial-related lending, with some retail operations also present.
Over the past year, M&T Bank Corporation has traded in a range of $131.42 to $191.48 and is now at $190.94, 45% above that low.
M&T Bank Corporation has overhead space with shares priced $190.94, or 21.8% below the average consensus analyst price target of $244.26.
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