NBT Bancorp (NBTB) to Release Earnings on Monday

NBT Bancorp (NASDAQ:NBTB) is scheduled to issue its quarterly earnings data after the market closes on Monday, April 22nd. Analysts expect the company to announce earnings of $0.67 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

NBT Bancorp (NASDAQ:NBTB) last posted its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.02). NBT Bancorp had a return on equity of 11.10% and a net margin of 17.86%. The company had revenue of $137.66 million during the quarter, compared to the consensus estimate of $138.87 million. On average, analysts expect NBT Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

NBT Bancorp Price Performance

NBT Bancorp stock opened at $34.61 on Friday. NBT Bancorp has a one year low of $27.52 and a one year high of $43.77. The business has a fifty day moving average price of $34.72 and a 200-day moving average price of $36.12. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market capitalization of $1.63 billion, a P/E ratio of 13.01 and a beta of 0.51.

NBT Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date was Thursday, February 29th. NBT Bancorp’s payout ratio is currently 48.12%.

Analysts Set New Price Targets

NBTB has been the subject of a number of analyst reports. Stephens raised NBT Bancorp from an “equal weight” rating to an “overweight” rating and set a $42.00 price target for the company in a report on Wednesday, February 14th. Keefe, Bruyette & Woods dropped their price objective on NBT Bancorp from $45.00 to $41.00 and set a “market perform” rating for the company in a research note on Thursday, January 25th. Janney Montgomery Scott raised NBT Bancorp from a “neutral” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Thursday, March 21st. Raymond James lifted their price objective on NBT Bancorp from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, January 5th. Finally, Piper Sandler dropped their price objective on NBT Bancorp from $42.00 to $41.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $41.60.

Insider Activity at NBT Bancorp

In other NBT Bancorp news, Director Lowell A. Seifter sold 4,770 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $37.50, for a total transaction of $178,875.00. Following the sale, the director now owns 44,362 shares in the company, valued at $1,663,575. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Scott Allen Kingsley purchased 1,000 shares of the stock in a transaction on Thursday, January 25th. The shares were acquired at an average price of $36.80 per share, for a total transaction of $36,800.00. Following the completion of the transaction, the chief financial officer now directly owns 25,513 shares of the company’s stock, valued at approximately $938,878.40. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lowell A. Seifter sold 4,770 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $37.50, for a total value of $178,875.00. Following the sale, the director now owns 44,362 shares in the company, valued at approximately $1,663,575. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,641 shares of company stock valued at $319,806. Company insiders own 3.32% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Sei Investments Co. increased its holdings in shares of NBT Bancorp by 14.9% in the second quarter. Sei Investments Co. now owns 8,994 shares of the bank’s stock worth $286,000 after buying an additional 1,165 shares during the period. Atria Wealth Solutions Inc. purchased a new position in shares of NBT Bancorp in the first quarter worth about $263,000. Tower Research Capital LLC TRC increased its holdings in shares of NBT Bancorp by 243.6% in the second quarter. Tower Research Capital LLC TRC now owns 7,672 shares of the bank’s stock worth $244,000 after buying an additional 5,439 shares during the period. Quantbot Technologies LP increased its holdings in shares of NBT Bancorp by 22.9% in the second quarter. Quantbot Technologies LP now owns 6,457 shares of the bank’s stock worth $242,000 after buying an additional 1,204 shares during the period. Finally, Kestra Advisory Services LLC increased its holdings in shares of NBT Bancorp by 16.8% in the second quarter. Kestra Advisory Services LLC now owns 7,260 shares of the bank’s stock worth $231,000 after buying an additional 1,046 shares during the period. Hedge funds and other institutional investors own 58.46% of the company’s stock.

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 indirect and direct consumer, home equity, mortgages, business banking loans, and commercial loans; commercial and industrial, commercial real estate, agricultural, and commercial construction loans; and residential real estate loans.