NBT Bancorp (NBTB) to Release Earnings on Thursday

NBT Bancorp (NASDAQ:NBTB - Get Free Report) will likely be releasing its earnings data after the market closes on Thursday, April 24th. Analysts expect NBT Bancorp to post earnings of $0.76 per share and revenue of $151.00 million for the quarter. Investors that wish to register for the company's conference call can do so using this link.

NBT Bancorp (NASDAQ:NBTB - Get Free Report) last announced its earnings results on Monday, January 27th. The bank reported $0.77 EPS for the quarter, missing the consensus estimate 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 quarter last year, the company earned $0.72 EPS. On average, analysts expect NBT Bancorp to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

NBT Bancorp Stock Up 0.5 %

Shares of NASDAQ:NBTB traded up $0.18 during midday trading on Friday, reaching $39.76. 297,030 shares of the company were exchanged, compared to its average volume of 217,151. The firm has a market cap of $1.88 billion, a PE ratio of 13.43 and a beta of 0.53. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.17. NBT Bancorp has a fifty-two week low of $34.47 and a fifty-two week high of $52.44. The stock has a fifty day simple moving average of $43.45 and a two-hundred day simple moving average of $46.21.

NBT Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.42%. NBT Bancorp's payout ratio is presently 45.95%.

Wall Street Analysts Forecast Growth

NBTB has been the subject of a number of recent analyst reports. StockNews.com cut shares of NBT Bancorp from a "hold" rating to a "sell" rating in a research note on Thursday, January 16th. Hovde Group assumed coverage on NBT Bancorp in a report on Friday, March 21st. They set a "market perform" rating and a $50.00 target price for the company. Finally, Stephens upgraded NBT Bancorp from an "equal weight" rating to an "overweight" rating and set a $53.00 price target for the company in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $54.50.

Insider Buying and Selling at NBT Bancorp

In other news, EVP Sarah A. Halliday sold 5,000 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $48.45, for a total transaction of $242,250.00. Following the completion of the transaction, the executive vice president now directly owns 25,564 shares in the company, valued at $1,238,575.80. The trade was a 16.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Heidi M. Hoeller acquired 678 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average price of $48.45 per share, for a total transaction of $32,849.10. Following the transaction, the director now directly owns 6,437 shares of the company's stock, valued at $311,872.65. This represents a 11.77 % increase in their position. The disclosure for this purchase can be found here. 3.32% of the stock is owned by corporate 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.