FY2025 EPS Forecast for NBT Bancorp Increased by Analyst

NBT Bancorp Inc. (NASDAQ:NBTB - Free Report) - Analysts at DA Davidson raised their FY2025 EPS estimates for shares of NBT Bancorp in a research note issued to investors on Thursday, January 30th. DA Davidson analyst M. Navas now expects that the bank will earn $4.25 per share for the year, up from their previous forecast of $3.42. DA Davidson has a "Strong-Buy" rating on the stock. The consensus estimate for NBT Bancorp's current full-year earnings is $3.69 per share.

A number of other research firms have also weighed in on NBTB. Stephens raised shares of NBT Bancorp from an "equal weight" rating to an "overweight" rating and set a $53.00 target price on the stock in a report on Wednesday, January 29th. Keefe, Bruyette & Woods increased their price objective on NBT Bancorp from $50.00 to $55.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Finally, StockNews.com downgraded NBT Bancorp from a "hold" rating to a "sell" rating in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $51.75.

NBT Bancorp Trading Up 1.4 %

Shares of NASDAQ:NBTB traded up $0.70 during midday trading on Monday, hitting $49.02. 121,535 shares of the stock were exchanged, compared to its average volume of 206,743. The business's 50-day moving average price is $48.51 and its 200 day moving average price is $47.11. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 16.56 and a beta of 0.52. NBT Bancorp has a 12 month low of $32.79 and a 12 month 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 - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The bank reported $0.77 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.01). NBT Bancorp had a return on equity of 9.39% and a net margin of 17.84%. During the same period in the prior year, the business posted $0.72 EPS.

NBT Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.34 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.36 annualized dividend and a yield of 2.77%. NBT Bancorp's payout ratio is 45.95%.

Insider Buying and Selling at NBT Bancorp

In related news, Director Timothy E. Delaney sold 40,000 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $51.47, for a total value of $2,058,800.00. Following the sale, the director now owns 38,853 shares in the company, valued at $1,999,763.91. This represents a 50.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 represents a 1.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,694 shares of company stock valued at $3,089,085. 3.32% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NBT Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its holdings in NBT Bancorp by 47.9% during the third quarter. GAMMA Investing LLC now owns 778 shares of the bank's stock worth $34,000 after acquiring an additional 252 shares during the period. US Bancorp DE bought a new stake in shares of NBT Bancorp during the 3rd quarter worth $57,000. Quest Partners LLC purchased a new position in shares of NBT Bancorp in the 3rd quarter worth about $57,000. Crews Bank & Trust bought a new position in NBT Bancorp during the fourth quarter valued at about $98,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in NBT Bancorp during the third quarter worth about $103,000. Hedge funds and other institutional investors own 58.46% of the company's stock.

About NBT Bancorp

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.