NBT Bancorp (NBTB) Expected to Announce Earnings on Monday

NBT Bancorp (NASDAQ:NBTB) is expected to release its earnings data after the market closes on Monday, January 27th. Analysts expect NBT Bancorp to post earnings of $0.78 per share and revenue of $147,107.00 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

NBT Bancorp (NASDAQ:NBTB) last issued its quarterly earnings data on Monday, October 28th. The bank reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. The firm had revenue of $202.00 million during the quarter, compared to analysts’ expectations of $144.70 million. NBT Bancorp had a return on equity of 9.36% and a net margin of 17.37%. During the same period in the prior year, the business posted $0.84 EPS. 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 Trading Up 1.5 %

Shares of NASDAQ NBTB opened at $47.86 on Monday. 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 stock has a market capitalization of $2.26 billion, a P/E 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 business has a fifty day moving average price of $49.05 and a 200 day moving average price of $46.59.

NBT Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend was Monday, December 2nd. NBT Bancorp’s dividend payout ratio (DPR) is currently 47.89%.

Insider Transactions at NBT Bancorp

In related news, Director John H. Watt, Jr. sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $45.45, for a total transaction of $909,000.00. Following the sale, the director now directly owns 143,101 shares of the company’s stock, valued at $6,503,940.45. This trade represents a 12.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Amy Wiles sold 1,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $50.10, for a total value of $50,100.00. Following the sale, the executive vice president now directly owns 27,909 shares in the company, valued at approximately $1,398,240.90. This trade represents a 3.46 % 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 over the last three months. 3.32% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on NBTB shares. DA Davidson started coverage on NBT Bancorp in a research note on Thursday, December 12th. They issued a “neutral” rating and a $60.00 price target for the company. Keefe, Bruyette & Woods increased their price target on NBT Bancorp from $50.00 to $55.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, StockNews.com cut NBT Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, NBT Bancorp presently has a consensus rating of “Hold” and a consensus price target of $48.80.

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.