Evergreen Capital Management 13F: Cuts MTB Stake by $4M
Key Points
- Evergreen Capital Management reduced its M&T Bank Corporation holdings by 18,206 shares during the quarter, bringing its total down to 51,725 shares worth about $11.3 million according to an October 23, 2026 Form 13F filing.
- M&T Bank Corporation recently traded around $221.59, sitting below its 50-day moving average of $229.54 and carrying a trailing twelve-month earnings per share of $18.92.
- Other large holders like State Farm Mutual Automobile Insurance Co held steady with 4,122,590 shares, while five major firms updated their price targets through mid-October.
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Evergreen Capital Management trimmed its holdings in M&T Bank Corporation (NYSE:MTB) during the third quarter, according to a Form 13F filed with the Securities and Exchange Commission on October 23, 2026. The fund sold 18,206 shares of the regional bank, representing a 26.0% reduction in its position.
MTB
M&T Bank Corporation
What Changed in Evergreen Capital Management's M&T Bank Position
Following the transaction, Evergreen Capital Management held 51,725 shares of M&T Bank Corporation. The remaining stake carried a reported value of $11,255,361 at the close of the period.
Other Institutional Activity in M&T Bank
State Farm Mutual Automobile Insurance Co maintained its substantial position in the regional bank without changes, holding 4,122,590 shares valued at approximately $913,813,314.
M&T Bank Corporation Stock Up 0.9%
M&T Bank Corporation shares recently traded around $221.59 as of October 24, 2026, roughly equal to the $221.66 close on the filing date. The stock sits below its 50-day moving average of $229.54 and its 200-day moving average of $224.76. It trades 13.4% below its 52-week high of $255.95 and 23.6% above its 52-week low of $179.32.
Recent Earnings
M&T Bank reported trailing twelve-month revenue of $9.46 billion and basic earnings of $18.92 per share. The company posted a net profit margin of 31.9% and a return on equity of 10.6%. The company's next earnings report is scheduled for January 19, 2027.
Dividend
M&T Bank pays an annual dividend rate of $6.00 per share, which translates to a dividend yield of 2.69%. The payout accounts for 31.7% of its earnings.
Insider Buying and Selling at M&T Bank Corporation
Company insiders executed several transactions prior to the filing. John R. Taylor sold 1,217 shares on August 17, 2026, at an average price of $253.84 for a total value of $308,923. Rudina Seseri sold 623 shares on August 21, 2026, at $241.04 per share, totaling $150,171. Chief Executive Officer Rene F. Jones sold 19,396 shares on September 14, 2026, at $239.35 for a total of $4,642,433. Vice Chairman Kevin J. Pearson sold 2,000 shares under a planned trading arrangement on October 16, 2026, at $220.75 per share, yielding $441,500.
Analysts Set New Price Targets
Analyst firms adjusted their views on the stock through mid-October. On October 19, 2026, DA Davidson maintained a Neutral rating with a target of $258.00. Morgan Stanley maintained an Overweight rating, adjusting its target from $301.00 to $294.00. RBC Capital maintained an Outperform rating, moving its target from $255.00 to $245.00. Truist Securities maintained a Hold rating with a target of $235.00 on October 20, 2026. Citigroup maintained a Neutral rating on October 21, 2026, lifting its target from $225.00 to $230.00. The stock currently carries a consensus Hold rating and a mean price target of $248.33 across 20 analyst opinions.
About M&T Bank
M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association. The Buffalo, New York-based financial institution offers retail and commercial banking products, wealth management, and institutional services across its commercial, retail, and wealth divisions.
Bottom Line
Investors will watch for the company's next earnings release on January 19, 2027, for further details on loan growth and net interest margins. Institutional and insider moves offer additional context on market sentiment as the bank navigates the broader economic environment.
Related Filing Alerts
Source: Evergreen Capital Management's 13F filing on $MTB (Oct 23, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts