NBT Bancorp (NASDAQ:NBTB) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Tuesday.
A number of other equities analysts have also recently commented on the company. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $41.50 price target on shares of NBT Bancorp in a report on Tuesday, February 27th. Zacks Investment Research cut NBT Bancorp from a “buy” rating to a “strong sell” rating in a report on Wednesday, February 21st. Boenning Scattergood reiterated a “hold” rating on shares of NBT Bancorp in a report on Wednesday, January 24th. Finally, Sandler O’Neill set a $38.00 price target on NBT Bancorp and gave the stock a “hold” rating in a report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $39.13.
NBT Bancorp (NBTB) opened at $37.36 on Tuesday. NBT Bancorp has a 1-year low of $31.28 and a 1-year high of $40.85. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $1,636.47, a PE ratio of 19.98 and a beta of 0.88.
NBT Bancorp (NASDAQ:NBTB) last posted its quarterly earnings results on Monday, January 22nd. The bank reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). NBT Bancorp had a return on equity of 9.16% and a net margin of 19.07%. The business had revenue of $104.92 million for the quarter, compared to the consensus estimate of $103.52 million. During the same quarter in the previous year, the business posted $0.45 EPS. sell-side analysts expect that NBT Bancorp will post 2.44 earnings per share for the current fiscal year.
In other news, CFO Michael J. Chewens sold 4,190 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $38.41, for a total transaction of $160,937.90. Following the completion of the sale, the chief financial officer now owns 59,443 shares in the company, valued at $2,283,205.63. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert A. Wadsworth sold 1,625 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $37.20, for a total value of $60,450.00. Following the sale, the director now owns 16,194 shares of the company’s stock, valued at approximately $602,416.80. The disclosure for this sale can be found here. Insiders own 3.07% of the company’s stock.
Large investors have recently modified their holdings of the company. CIBC Asset Management Inc bought a new stake in shares of NBT Bancorp during the fourth quarter worth approximately $208,000. Crossmark Global Holdings Inc. bought a new stake in shares of NBT Bancorp during the third quarter worth approximately $239,000. Victory Capital Management Inc. boosted its holdings in shares of NBT Bancorp by 33.2% during the third quarter. Victory Capital Management Inc. now owns 6,650 shares of the bank’s stock worth $244,000 after acquiring an additional 1,657 shares during the period. Quadrant Private Wealth Management LLC bought a new stake in shares of NBT Bancorp during the fourth quarter worth approximately $250,000. Finally, Xact Kapitalforvaltning AB bought a new stake in shares of NBT Bancorp during the fourth quarter worth approximately $279,000. Institutional investors own 51.21% of the company’s stock.
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NBT Bancorp Company Profile
NBT Bancorp Inc is a financial holding company. The Company conducts its business through NBT Bank, National Association (the Bank) and also through its other subsidiaries, which includes providing commercial banking and financial services to customers in its market area, including central and upstate New York, northeastern Pennsylvania, southern New Hampshire, western Massachusetts, Vermont and Portland, Maine area.
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