Weekly Investment Analysts’ Ratings Updates for M&T Bank (MTB)

A number of firms have modified their ratings and price targets on shares of M&T Bank (NYSE: MTB) recently:

• 10/21/2026 – M&T Bank had its price target raised by Citigroup Inc. from $225.00 to $230.00. They now have a “neutral” rating on the stock.
• 10/20/2026 – M&T Bank had its price target lowered by Truist Financial Corporation from $250.00 to $235.00. They now have a “hold” rating on the stock.
• 10/19/2026 – M&T Bank had its price target lowered by DA Davidson from $262.00 to $258.00. They now have a “neutral” rating on the stock.
• 10/19/2026 – M&T Bank had its price target lowered by Royal Bank Of Canada from $255.00 to $245.00. They now have an “outperform” rating on the stock.
• 10/19/2026 – M&T Bank had its price target lowered by Morgan Stanley from $301.00 to $294.00. They now have an “overweight” rating on the stock.
• 10/14/2026 – M&T Bank had its price target lowered by Cantor Fitzgerald from $285.00 to $255.00. They now have an “overweight” rating on the stock.
• 10/8/2026 – M&T Bank is now covered by TD Cowen. They set a “hold” rating and a $245.00 price target on the stock.
• 10/6/2026 – M&T Bank is now covered by Raymond James Financial, Inc.. They set an “outperform” rating and a $250.00 price target on the stock.
• 10/6/2026 – M&T Bank is now covered by Raymond James Financial, Inc.. They set an “outperform” rating and a $250.00 price target on the stock.
• 10/5/2026 – M&T Bank had its price target lowered by UBS Group AG from $255.00 to $238.00. They now have a “neutral” rating on the stock.
• 10/2/2026 – M&T Bank had its price target lowered by JPMorgan Chase & Co. from $265.50 to $248.50. They now have a “neutral” rating on the stock.
• 10/1/2026 – M&T Bank was given a new $230.00 price target by Evercore Inc.
• 9/28/2026 – M&T Bank had its price target lowered by Morgan Stanley from $304.00 to $301.00. They now have an “overweight” rating on the stock.
• 9/24/2026 – M&T Bank had its price target lowered by Jefferies Financial Group Inc. from $300.00 to $275.00. They now have a “buy” rating on the stock.
• 9/23/2026 – M&T Bank had its price target lowered by Truist Financial Corporation from $268.00 to $250.00. They now have a “hold” rating on the stock.
• 9/8/2026 – M&T Bank was upgraded by Morgan Stanley from “equal weight” to “overweight”. They now have a $304.00 price target on the stock, up from $253.00.
• 9/1/2026 – M&T Bank had its “buy (b)” rating reaffirmed by Weiss Ratings.

M&T Bank Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 1st were paid a $1.50 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $6.00 dividend on an annualized basis and a yield of 2.7%. M&T Bank’s dividend payout ratio (DPR) is currently 31.32%.

Insider Transactions at M&T Bank

In other news, Director Rudina Seseri sold 623 shares of M&T Bank stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $241.04, for a total value of $150,167.92. Following the transaction, the director directly owned 3,649 shares of the company’s stock, valued at $879,554.96. This trade represents a 14.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO René Jones sold 19,396 shares of M&T Bank stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $239.35, for a total transaction of $4,642,432.60. Following the completion of the transaction, the chief executive officer directly owned 103,831 shares in the company, valued at approximately $24,851,949.85. This trade represents a 15.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 20,028 shares of company stock valued at $4,794,884 over the last ninety days. Insiders own 0.44% of the company’s stock.

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.