M&T Bank (NYSE:MTB) Upgraded to Strong Sell at Wolfe Research

Posted by Francis Steltz on Oct 28th, 2026

Wolfe Research upgraded shares of M&T Bank (NYSE:MTB – Free Report) to a strong sell rating in a report published on Monday,Zacks reports.

MTB has been the topic of several other reports. Barclays boosted their price target on M&T Bank from $236.00 to $267.00 and gave the stock an “equal weight” rating in a report on Thursday, July 16th. Morgan Stanley cut their target price on shares of M&T Bank from $301.00 to $294.00 and set an “overweight” rating on the stock in a research report on Monday, October 19th. UBS Group cut their target price on shares of M&T Bank from $255.00 to $238.00 and set a “neutral” rating on the stock in a research report on Monday, October 5th. JPMorgan Chase & Co. reduced their target price on shares of M&T Bank from $265.50 to $248.50 and set a “neutral” rating on the stock in a report on Friday, October 2nd. Finally, DA Davidson decreased their price target on shares of M&T Bank from $262.00 to $258.00 and set a “neutral” rating for the company in a research report on Monday, October 19th. Eight investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $244.89.

Check Out Our Latest Stock Analysis on MTB

M&T Bank Stock Performance

Shares of MTB stock opened at $221.37 on Monday. M&T Bank has a twelve month low of $179.32 and a twelve month high of $255.95. The stock’s fifty day simple moving average is $227.63 and its 200 day simple moving average is $224.89.

M&T Bank (NYSE:MTB – Get Free Report) last issued its earnings results on Friday, October 16th. The financial services provider reported $5.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.93 by $0.15. The firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same period in the previous year, the company earned $4.82 EPS. On average, equities analysts anticipate that M&T Bank will post 19.48 EPS for the current year.

M&T Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 1st were paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, September 1st.

Insider Buying and Selling

In other M&T Bank news, CEO Rene F. Jones sold 19,396 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $239.35, for a total transaction of $4,642,432.60. Following the completion of the sale, the chief executive officer owned 103,831 shares of the company’s stock, valued at approximately $24,851,949.85. This represents a 15.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rudina Seseri sold 623 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $241.04, for a total transaction of $150,167.92. Following the transaction, the director owned 3,649 shares of the company’s stock, valued at approximately $879,554.96. The trade was a 14.58% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 20,028 shares of company stock worth $4,794,884. 0.44% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MTB. Wedmont Private Capital raised its stake in M&T Bank by 1.0% during the second quarter. Wedmont Private Capital now owns 4,405 shares of the financial services provider’s stock worth $1,067,000 after buying an additional 45 shares during the last quarter. CX Institutional lifted its holdings in M&T Bank by 3.4% in the second quarter. CX Institutional now owns 1,650 shares of the financial services provider’s stock valued at $393,000 after buying an additional 54 shares during the period. Cidel Asset Management Inc. lifted its holdings in M&T Bank by 5.4% in the second quarter. Cidel Asset Management Inc. now owns 1,196 shares of the financial services provider’s stock valued at $285,000 after buying an additional 61 shares during the period. Hudock Inc. boosted its position in M&T Bank by 0.4% during the third quarter. Hudock Inc. now owns 13,891 shares of the financial services provider’s stock valued at $3,023,000 after acquiring an additional 62 shares during the last quarter. Finally, Taylor Securities Services Inc. boosted its position in M&T Bank by 1.7% during the third quarter. Taylor Securities Services Inc. now owns 4,200 shares of the financial services provider’s stock valued at $914,000 after acquiring an additional 70 shares during the last quarter. Institutional investors and hedge funds own 84.68% of the company’s stock.

M&T Bank Company Profile

(Get Free Report)

M&T Bank Corporation is a regional financial holding company headquartered in Buffalo, New York. Its principal banking subsidiary, M&T Bank, was founded in 1856 and provides financial products and services to individuals, businesses and institutions.

The company’s offerings include consumer and commercial deposit accounts, residential and commercial real estate lending, business loans, credit cards, treasury management and other banking services. Through its wealth management and institutional businesses, including Wilmington Trust, M&T also provides investment management, fiduciary, trust, estate planning and related corporate services.

M&T Bank serves customers through branch locations and digital banking channels in several states, primarily across the Mid-Atlantic and Northeast, including New York, Pennsylvania, Maryland, New Jersey, Delaware, Virginia, West Virginia and the District of Columbia.