NBT Bancorp Inc. (NASDAQ:NBTB – Get Free Report) has earned an average rating of “Moderate Buy” from the five research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $41.20.
NBTB has been the subject of several recent analyst reports. Keefe, Bruyette & Woods cut their price target on NBT Bancorp from $41.00 to $39.00 and set a “market perform” rating for the company in a research note on Wednesday, April 24th. Stephens reiterated an “overweight” rating and issued a $42.00 price objective on shares of NBT Bancorp in a report on Tuesday, April 23rd. Finally, Janney Montgomery Scott raised shares of NBT Bancorp from a “neutral” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Thursday, March 21st.
Read Our Latest Stock Analysis on NBTB
Institutional Investors Weigh In On NBT Bancorp
NBT Bancorp Price Performance
NASDAQ:NBTB opened at $35.07 on Tuesday. The company has a 50 day moving average price of $36.09 and a 200-day moving average price of $36.86. NBT Bancorp has a 1-year low of $30.31 and a 1-year high of $43.77. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 13.54 and a beta of 0.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.86.
NBT Bancorp (NASDAQ:NBTB – Get Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. NBT Bancorp had a net margin of 16.71% and a return on equity of 10.20%. The company had revenue of $192.33 million during the quarter, compared to analysts’ expectations of $135.01 million. During the same quarter in the previous year, the company earned $0.88 earnings per share. Equities research analysts forecast that NBT Bancorp will post 2.84 EPS for the current year.
NBT Bancorp Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend is Friday, May 31st. NBT Bancorp’s payout ratio is presently 49.42%.
About NBT Bancorp
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.
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