NBT Bancorp (NBTB) – Analysts’ Weekly Ratings Updates

NBT Bancorp (NASDAQ: NBTB) recently received a number of ratings updates from brokerages and research firms:

• 12/19/2024 – NBT Bancorp was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 12/12/2024 – NBT Bancorp is now covered by analysts at DA Davidson. They set a “neutral” rating and a $60.00 price target on the stock.
• 12/11/2024 – NBT Bancorp was upgraded by analysts at DA Davidson to a “strong-buy” rating.
• 12/10/2024 – NBT Bancorp was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 12/4/2024 – NBT Bancorp had its price target raised by analysts at Keefe, Bruyette & Woods from $50.00 to $55.00. They now have a “market perform” rating on the stock.
• 11/27/2024 – NBT Bancorp was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 10/30/2024 – NBT Bancorp was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.

NBT Bancorp Price Performance

Shares of NASDAQ NBTB traded up $0.37 during mid-day trading on Thursday, reaching $48.83. The company had a trading volume of 55,053 shares, compared to its average volume of 207,222. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 17.19 and a beta of 0.52. The business’s 50-day simple moving average is $48.11 and its 200 day simple moving average is $44.80. NBT Bancorp Inc. has a one year low of $32.79 and a one year high of $52.44. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.87 and a current ratio of 0.87.

NBT Bancorp (NASDAQ:NBTB) last issued its earnings results on Monday, October 28th. The bank reported $0.80 EPS for the quarter, beating the consensus estimate of $0.78 by $0.02. The company had revenue of $202.00 million during the quarter, compared to analysts’ expectations of $144.70 million. NBT Bancorp had a net margin of 17.37% and a return on equity of 9.36%. During the same period in the previous year, the company earned $0.84 EPS. On average, research analysts predict that NBT Bancorp Inc. will post 2.94 earnings per share for the current fiscal year.

NBT Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.34 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.36 annualized dividend and a dividend yield of 2.79%. NBT Bancorp’s payout ratio is 47.89%.

Insider Transactions at NBT Bancorp

In related news, EVP Amy Wiles sold 500 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $51.31, for a total value of $25,655.00. Following the completion of the transaction, the executive vice president now owns 27,409 shares in the company, valued at $1,406,355.79. This trade represents a 1.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jack H. Webb sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $50.06, for a total transaction of $500,600.00. Following the completion of the transaction, the director now owns 45,018 shares of the company’s stock, valued at approximately $2,253,601.08. This trade represents a 18.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 81,694 shares of company stock valued at $4,048,185. Corporate insiders own 3.32% of the company’s stock.

Institutional Trading of NBT Bancorp

Several institutional investors have recently added to or reduced their stakes in the stock. Eagle Asset Management Inc. lifted its holdings in NBT Bancorp by 76.3% in the third quarter. Eagle Asset Management Inc. now owns 378,898 shares of the bank’s stock valued at $16,759,000 after buying an additional 163,952 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in NBT Bancorp during the third quarter worth approximately $439,000. Edgestream Partners L.P. bought a new stake in NBT Bancorp in the second quarter worth approximately $1,974,000. Ceredex Value Advisors LLC lifted its stake in NBT Bancorp by 2.6% in the second quarter. Ceredex Value Advisors LLC now owns 219,500 shares of the bank’s stock valued at $8,473,000 after buying an additional 5,500 shares during the period. Finally, Raymond James & Associates boosted its holdings in shares of NBT Bancorp by 3.9% during the 3rd quarter. Raymond James & Associates now owns 95,062 shares of the bank’s stock worth $4,205,000 after buying an additional 3,540 shares in the last quarter. 58.46% of the stock is currently owned by institutional investors.

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.