NBT Bancorp (NBTB) to Release Quarterly Earnings on Monday

NBT Bancorp (NASDAQ:NBTB - Get Free Report) will likely be announcing its earnings results after the market closes on Monday, January 27th. Analysts expect the company to announce earnings of $0.78 per share and revenue of $147,107.00 billion for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

NBT Bancorp (NASDAQ:NBTB - Get Free Report) last released its quarterly 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. NBT Bancorp had a net margin of 17.37% and a return on equity of 9.36%. The business had revenue of $202.00 million for the quarter, compared to the consensus estimate of $144.70 million. During the same period in the prior year, the company posted $0.84 earnings per share. 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 Stock Performance

NBT Bancorp stock traded up $0.70 during midday trading on Monday, hitting $47.86. The company's stock had a trading volume of 467,878 shares, compared to its average volume of 253,426. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 16.85 and a beta of 0.53. NBT Bancorp has a 1-year low of $32.79 and a 1-year high of $52.44. The company has a 50-day moving average price of $49.05 and a two-hundred day moving average price of $46.59.

NBT Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.34 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.36 annualized dividend and a dividend yield of 2.84%. NBT Bancorp's dividend payout ratio is presently 47.89%.

Analysts Set New Price Targets

A number of research firms have commented on NBTB. Keefe, Bruyette & Woods raised their price objective on NBT Bancorp from $50.00 to $55.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. DA Davidson assumed coverage on NBT Bancorp in a research report on Thursday, December 12th. They issued a "neutral" rating and a $60.00 price target on the stock. Finally, StockNews.com cut shares of NBT Bancorp from a "hold" rating to a "sell" rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $48.80.

Insider Buying and Selling

In related news, Director John H. Watt, Jr. sold 10,000 shares of the business's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $49.40, for a total transaction of $494,000.00. Following the sale, the director now owns 125,301 shares in the company, valued at $6,189,869.40. The trade was a 7.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Amy Wiles sold 500 shares of the stock in a transaction dated 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 of the company's stock, valued at $1,406,355.79. This represents a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 81,694 shares of company stock worth $4,048,185 in the last ninety days. 3.32% of the stock is owned by insiders.

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.