M&T Bank Corp (MTB) is a commercial, business, retail, real estate and mortgage banker, operating branches in NY, DE, PA, NJ, MD, VA, WV and the District of Columbia.
Consensus earnings per share growth for the 2011-2013 time period is projected at 7.6%, 21.7% and 10.7%; with a price-to-earnings ratio of 15. M&T Bank Corp. stock pays a dividend of $2.80 per share, which yields 3.23% per share.
MTB's stock price is recovering from the stock market crash during the financial meltdown in 2008. It has recently traded in the $75-$90 range, and looks poised to launch upward from there soon, barring any unexpected corporate or stock market problems. (I do not expect it to bounce back down to $75 again, and I would be a buyer at the current price.) MTB stock's next upswing should meet resistance around $100 per share. Longer-term holders of the stock might be rewarded with a return to the '06-'07 high of about $122.
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