NBT Bancorp (NBTB) Issues Earnings Results

NBT Bancorp (NASDAQ:NBTB) released its earnings results on Monday. The bank reported $0.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.03, Briefing.com reports. NBT Bancorp had a net margin of 24.00% and a return on equity of 11.42%. During the same period in the previous year, the business earned $0.59 EPS.

NBTB opened at $36.68 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 14.33 and a beta of 0.86. NBT Bancorp has a twelve month low of $30.36 and a twelve month high of $41.88.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Thursday, May 30th. NBT Bancorp’s payout ratio is 40.63%.

A number of research firms have weighed in on NBTB. Zacks Investment Research upgraded shares of NBT Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. BidaskClub upgraded shares of NBT Bancorp from a “strong sell” rating to a “sell” rating in a research note on Monday, April 1st.

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NBT Bancorp Company Profile

NBT Bancorp Inc, a financial holding company, provides commercial banking, retail banking, and wealth management services. Its deposit products include demand deposit, savings, negotiable order of withdrawal, money market deposit, and certificate of deposit accounts. The company's loan portfolio comprises commercial and industrial, commercial real estate, agricultural, and commercial construction loans; indirect and direct consumer, home equity, direct loans, mortgages, business banking loans, and commercial loans; and residential real estate loans, as well as development loans.

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Earnings History for NBT Bancorp (NASDAQ:NBTB)

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