Investing

5 BofA Securities Top Value Stock Picks Also Pay Large and Dependable Dividends

M&T Bank

This is a great regional idea for investors looking to add financials to portfolios. M&T Bank Corp. (NYSE: MTB) operates as the holding company for Manufacturers and Traders Trust Company and for Wilmington Trust, National Association.

The Business Banking segment offers deposits, business loans and leases and credit cards, as well as cash management, payroll and letters of credit services to small businesses and professionals. The Commercial Banking segment provides credit and banking services for middle-market and large commercial customers. The Retail Banking segment offers demand, savings and time accounts; consumer installment loans, automobile and recreational finance loans, home equity loans and lines of credit and credit cards; mutual funds and annuities; and other services.

The Commercial Real Estate segment offers multifamily residential and commercial real estate credit and deposit services. Its Discretionary Portfolio segment provides deposits; securities, residential real estate loans and other assets; and short and long term borrowed funds, as well as foreign exchange services. The company’s Residential Mortgage Banking segment offers residential real estate loans for consumers and sells those loans in the secondary market, and it purchases servicing rights to loans originated by other entities.

M&T Bank also provides trust and wealth management, fiduciary and custodial, investment management and insurance agency services.

Investors receive a 2.88% dividend. BofA Securities has set a $210 price target, and the consensus target for M&T Bank stock is $206.35. Friday’s last trade was at $166.58 a share.

Seagate

This disk drive giant is hitting on all cylinders and looks reasonable at current trading levels. Seagate Technology Holdings PLC (NASDAQ: STX) provides data storage technology and solutions in Singapore, the United States, the Netherlands and elsewhere.

The company offers hard disk and solid state drives, including serial advanced technology attachment, serial attached SCSI and non-volatile memory express products; solid state hybrid drives; and storage subsystems. Its products are used in enterprise servers and storage systems and edge compute and non-compute applications.

Seagate also provides an enterprise data solutions portfolio, comprising storage subsystems and mass capacity optimized private cloud storage solutions for enterprises, cloud service providers and scale-out storage servers and original equipment manufacturers. In addition, it offers external storage solutions under the Seagate Backup Plus and Expansion product lines, as well as under the LaCie and Maxtor brands in capacities up to 16 terabytes.

Shareholders enjoy a 3.47% dividend. The Seagate Technology stock target price at BofA Securities is $125. The consensus target is near $100, and the last trade on Friday hit the tape at $80.71.


Five quality blue chip companies that look poised to stand tall if the market sell-off continues, and all pay dependable dividends. All these companies are leaders in their respective sectors and offer worried investors a good place to move capital to now from higher beta names.

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