Smead Capital Management Inc. purchased a new position in M&T Bank Co. (NYSE:MTB – Free Report) in the 4th quarter, HoldingsChannel reports. The firm purchased 433,456 shares of the financial services provider’s stock, valued at approximately $59,418,000. M&T Bank comprises approximately 1.1% of Smead Capital Management Inc.’s portfolio, making the stock its 26th largest holding. […]