Weekly Investment Analysts’ Ratings Updates for NBT Bancorp (NBTB)

Several analysts have recently updated their ratings and price targets for NBT Bancorp (NASDAQ: NBTB):

  • 2/5/2018 – NBT Bancorp had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $40.50 price target on the stock.
  • 2/5/2018 – NBT Bancorp was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 1/30/2018 – NBT Bancorp was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 1/24/2018 – NBT Bancorp had its “hold” rating reaffirmed by analysts at Boenning Scattergood.
  • 1/11/2018 – NBT Bancorp was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 1/4/2018 – NBT Bancorp was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 1/3/2018 – NBT Bancorp was given a new $38.00 price target on by analysts at Sandler O’Neill. They now have a “hold” rating on the stock.
  • 1/3/2018 – NBT Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $42.00 price target on the stock. According to Zacks, “NBT BANCORP INC. is a one bank holding company engaged in general banking business. “
  • 12/23/2017 – NBT Bancorp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “NBT BANCORP INC. is a one bank holding company engaged in general banking business. “

NBT Bancorp Inc. (NBTB) traded up $0.05 during mid-day trading on Thursday, hitting $35.97. 21,547 shares of the stock traded hands, compared to its average volume of 120,664. NBT Bancorp Inc. has a 1 year low of $31.28 and a 1 year high of $42.28. The stock has a market capitalization of $1,559.08, a price-to-earnings ratio of 19.24 and a beta of 0.86. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 0.20.

NBT Bancorp (NASDAQ:NBTB) last announced its quarterly earnings data on Monday, January 22nd. The bank reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The firm had revenue of $104.92 million during the quarter, compared to analysts’ expectations of $103.52 million. NBT Bancorp had a return on equity of 9.16% and a net margin of 19.07%. During the same quarter in the previous year, the firm earned $0.45 earnings per share. analysts forecast that NBT Bancorp Inc. will post 2.3 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Wednesday, February 28th. NBT Bancorp’s payout ratio is currently 49.20%.

In other NBT Bancorp news, CFO Michael J. Chewens sold 4,190 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $38.41, for a total value of $160,937.90. Following the sale, the chief financial officer now owns 59,443 shares in the company, valued at approximately $2,283,205.63. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert A. Wadsworth sold 1,625 shares of the business’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $37.20, for a total transaction of $60,450.00. Following the completion of the sale, the director now owns 16,194 shares in the company, valued at approximately $602,416.80. The disclosure for this sale can be found here. 3.07% of the stock is owned by insiders.

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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