Q1 Earnings Estimate for NBT Bancorp Issued By DA Davidson

NBT Bancorp Inc. (NASDAQ:NBTB) – Equities researchers at DA Davidson issued their Q1 2025 EPS estimates for shares of NBT Bancorp in a note issued to investors on Thursday, January 30th. DA Davidson analyst M. Navas forecasts that the bank will earn $0.76 per share for the quarter. DA Davidson currently has a “Strong-Buy” rating on the stock. The consensus estimate for NBT Bancorp’s current full-year earnings is $3.46 per share.

Other research analysts have also issued research reports about the company. Keefe, Bruyette & Woods boosted their target price on NBT Bancorp from $50.00 to $55.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Stephens raised NBT Bancorp from an “equal weight” rating to an “overweight” rating and set a $53.00 price objective on the stock in a research report on Wednesday. Finally, StockNews.com lowered NBT Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, NBT Bancorp currently has a consensus rating of “Moderate Buy” and an average target price of $51.75.

NBT Bancorp Stock Performance

NBT Bancorp stock opened at $47.63 on Friday. 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 twelve month low of $32.79 and a twelve month high of $52.44. The company has a market capitalization of $2.25 billion, a P/E ratio of 16.09 and a beta of 0.53. The stock’s 50 day moving average is $48.68 and its 200 day moving average is $47.06.

NBT Bancorp (NASDAQ:NBTB) last announced its quarterly earnings data on Monday, January 27th. The bank reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates 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 in the previous year, the firm posted $0.72 earnings per share.

NBT Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.36 annualized dividend and a yield of 2.86%. NBT Bancorp’s payout ratio is currently 45.95%.

Insider Buying and Selling at NBT Bancorp

In related news, EVP Amy Wiles sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $50.10, for a total value of $50,100.00. Following the completion of the transaction, the executive vice president now owns 27,909 shares of the company’s stock, valued at $1,398,240.90. The trade was a 3.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John H. Watt, Jr. sold 10,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $49.40, for a total value of $494,000.00. Following the sale, the director now owns 125,301 shares of the company’s stock, valued at approximately $6,189,869.40. This represents a 7.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 61,694 shares of company stock valued at $3,139,185 in the last ninety days. Corporate insiders own 3.32% of the company’s stock.

Hedge Funds Weigh In On NBT Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund boosted its holdings in shares of NBT Bancorp by 14.4% in the 4th quarter. New York State Common Retirement Fund now owns 15,887 shares of the bank’s stock valued at $759,000 after buying an additional 2,000 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in NBT Bancorp in the fourth quarter valued at approximately $284,000. Principal Financial Group Inc. grew its holdings in NBT Bancorp by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 228,699 shares of the bank’s stock worth $10,923,000 after purchasing an additional 6,395 shares during the last quarter. Legato Capital Management LLC grew its holdings in NBT Bancorp by 102.7% in the fourth quarter. Legato Capital Management LLC now owns 14,835 shares of the bank’s stock worth $709,000 after purchasing an additional 7,515 shares during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in shares of NBT Bancorp during the fourth quarter worth $551,000. Hedge funds and other institutional investors own 58.46% 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.