Wolfe Research Rates M&T Bank (MTB) Underperform
Key Points
- The stock recently traded around $221.8, about equal to its closing price the day before, and is below its 50-day and 200-day moving averages.
- M&T Bank has a market cap of about $32.03 billion and a P/E ratio of 11.7, indicating it is valued within the regional banking sector.
Get M&T Bank text alerts
We text you when insiders, Congress, analysts or big funds move on $MTB.
By entering your mobile number and tapping the sign-up button, you provide express written consent to receive recurring automated text messages from TradeTexts at that number, including stock alerts about SEC filings, insider and congress trades, analyst ratings, hedge fund moves, and earnings results. Consent is not a condition of any purchase. Message frequency varies. Messages are not investment advice. Message and data rates may apply. Reply HELP for help and STOP to opt out at any time. See our Terms and Privacy Policy.
Not investment advice. TradeTexts is not a registered investment adviser, and this automated M&T Bank Corporation alert may contain errors. Disclosures
On October 27, 2026, Wolfe Research lowered its rating on M&T Bank Corporation (NYSE: MTB) to Underperform. This change comes as the bank's stock closed at $221.8 on October 26, 2026. Wolfe did not set a new price target in its downgrade.
MTB
M&T Bank Corporation
Wolfe Research vs. the S&P 500
Hypothetical returns from Wolfe Research's disclosed trades, not real profit or advice. How we model this.
Other Institutional Activity in M&T Bank
Evergreen Capital Management reduced its stake in M&T Bank by 18,206 shares, bringing its total to 51,725 shares valued at about $11.3 million. Meanwhile, State Farm Mutual Automobile Insurance Co held steady with 4,122,590 shares, worth approximately $914.4 million.
M&T Bank Corporation Stock Up 0.1%
M&T Bank's shares are currently trading around $221.8, which is about equal to its closing price the day before. The stock is below its 50-day moving average by about 2.8% and below its 200-day moving average by 1.4%. Additionally, it is 13.3% below its 52-week high of $255.95, but 23.7% above its 52-week low of $179.32.
Recent Earnings
M&T Bank reported trailing twelve-month revenue of approximately $9.46 billion, with an EPS of $18.92. The company's net margin stands at 31.9%, and its return on equity is 10.6%. The next earnings report is expected on January 19, 2027.
Insider Buying and Selling at M&T Bank Corporation
Several insiders sold shares recently. John R. Taylor, an officer, sold 1,217 shares at an average price of $253.84 on August 17, 2026. Director Rudina Seseri sold 623 shares at $241.04 on August 21, 2026. CEO Rene F. Jones sold 19,396 shares at $239.35 on September 14, 2026. Vice Chairman Kevin J. Pearson sold 2,000 shares at $220.75 on October 16, 2026, under a planned sale.
Analysts Set New Price Targets
Prior to this downgrade, several firms maintained their ratings: DA Davidson kept its Neutral rating with a target of $258.0, while Morgan Stanley maintained an Overweight rating with a target of $294.0. Truist Securities and Citigroup also maintained their ratings with targets of $235.0 and $230.0, respectively.
About M&T Bank
M&T Bank Corporation, based in Buffalo, NY, operates as a bank holding company providing various banking products and services. It serves both retail and commercial customers across the United States. This downgrade reflects concerns about the bank's future performance amid recent financial results.
Bottom Line
Investors should monitor M&T Bank's upcoming earnings report on January 19, 2027, and watch for further analyst ratings, especially after Wolfe Research's recent downgrade.
Related Filing Alerts
Source: Wolfe Research's rating change on $MTB (Oct 27, 2026). Written by software, not financial advice. How we make alerts