Friday, February 4, 2011

Stock Idea: M&T Bank Corp. (MTB, $86.70)

(May 16, 2011 update: All future stock posts will appear on my new subscription-only website at Please visit!)

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.


The Right Huff is Crista Huff's blog for politics and items of sociological or financial interest. Crista Huff also manages Goodfellow LLC, a subscription-only stock market website. We strive to identify financially healthy companies in which traders and investors can buy shares and earn dividends and capital gains. See disclaimer for the risks associated with investing in the stock market. See your tax advisor for the tax consequences of investing. See your estate planning attorney to clarify beneficiary and inheritance issues associated with your assets.

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