5 Best Value Stocks to Buy for the Next Decade

4. M&T Bank Corporation (NYSE:MTB)

PE Ratio: 14.51

Number of Hedge Fund Holders: 40

M&T Bank Corporation (NYSE:MTB) is a Buffalo, New York-based regional bank.

With a market cap of $33.6 billion, M&T Bank Corporation (NYSE:MTB) offers a forward annual dividend yield of 2.52% as of August 16. This translates into a quarterly dividend of $1.20 per share. M&T Bank Corporation’s (NYSE:MTB) earnings per share have increased steadily over time. More specifically, with the exception of 2014 and 2020, the company has increased its bottom line each year over the past ten years. Over the last decade, the company’s earnings per share have compounded at 8.2% per year.

On July 21, Betsy Graseck at Morgan Stanley maintained an Overweight rating on M&T Bank Corporation (NYSE:MTB) stock and increased the target price from $203 to $222. The move followed the company’s Q2 2022 results, in which the net interest income growth guidance for 2022 was increased. During the quarter, M&T Bank Corporation (NYSE:MTB) reported lower-than-expected fee income that was offset by lower-than-expected expenses. Following this development, Graseck increased her EPS estimates for the next year by 9%. Analysts believe the rising interest rate environment will be a positive value accretive for long-term investors.