The communications device includes a phase and frequency tracking loop having a signal input and an adjustable loop filter that establishes a predetermined tracking loop bandwidth for samples of communication signals received at the signal input and processed within the tracking loop. A tracking loop update circuit updates loop filter operating parameters and is operative with the loop filter for increasing or decreasing the tracking loop bandwidth of the phase and frequency tracking loop based on the dynamics of the frequency offset of measured samples from the output of the loop filter over time.