NBT Bancorp (NBTB) Scheduled to Post Earnings on Monday

NBT Bancorp (NASDAQ:NBTB) will post its quarterly earnings results after the market closes on Monday, October 28th. Analysts expect NBT Bancorp to post earnings of $0.78 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

NBT Bancorp Stock Performance

Shares of NBTB opened at $43.58 on Friday. The firm has a market capitalization of $2.06 billion, a PE ratio of 16.89 and a beta of 0.50. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average price of $45.42 and a 200 day moving average price of $41.37. NBT Bancorp has a 52-week low of $32.47 and a 52-week high of $50.83.

Analyst Upgrades and Downgrades

NBTB has been the topic of several research reports. Stephens reiterated an “equal weight” rating and issued a $49.00 price target on shares of NBT Bancorp in a research report on Tuesday, September 10th. Raymond James downgraded shares of NBT Bancorp from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 24th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $42.60.

Insider Activity

In other NBT Bancorp news, Director V Daniel Robinson II sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $44.10, for a total value of $882,000.00. Following the transaction, the director now owns 517,558 shares in the company, valued at approximately $22,824,307.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Martin Randolph Sparks sold 1,000 shares of NBT Bancorp stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $48.37, for a total transaction of $48,370.00. Following the completion of the sale, the executive vice president now directly owns 15,003 shares in the company, valued at $725,695.11. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director V Daniel Robinson II sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $44.10, for a total value of $882,000.00. Following the completion of the sale, the director now directly owns 517,558 shares of the company’s stock, valued at approximately $22,824,307.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,556 shares of company stock worth $4,527,790 in the last 90 days. Company insiders own 3.32% of the company’s stock.

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.