Wall Street brokerages forecast that NBT Bancorp Inc. (NASDAQ:NBTB) will report $121.87 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for NBT Bancorp’s earnings, with the lowest sales estimate coming in at $120.54 million and the highest estimate coming in at $123.20 million. NBT Bancorp reported sales of $118.22 million in the same quarter last year, which indicates a positive year-over-year growth rate of 3.1%. The business is expected to issue its next earnings report on Wednesday, January 26th.
According to Zacks, analysts expect that NBT Bancorp will report full year sales of $474.18 million for the current fiscal year, with estimates ranging from $472.56 million to $475.80 million. For the next year, analysts forecast that the firm will post sales of $475.54 million, with estimates ranging from $475.50 million to $475.57 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover NBT Bancorp.
NBT Bancorp (NASDAQ:NBTB) last released its quarterly earnings results on Monday, October 25th. The bank reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. The business had revenue of $118.00 million for the quarter, compared to the consensus estimate of $120.37 million. NBT Bancorp had a net margin of 30.86% and a return on equity of 12.62%. During the same quarter last year, the firm earned $0.80 EPS.
Shares of NBT Bancorp stock traded down $0.22 during midday trading on Friday, reaching $38.09. 105,437 shares of the company’s stock traded hands, compared to its average volume of 134,860. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 10.98 and a beta of 0.67. NBT Bancorp has a 52 week low of $29.89 and a 52 week high of $42.79. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.86 and a current ratio of 0.86. The company’s 50 day simple moving average is $36.76 and its 200 day simple moving average is $36.61.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 15th. Stockholders of record on Wednesday, December 1st will be paid a $0.28 dividend. The ex-dividend date is Tuesday, November 30th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.94%. NBT Bancorp’s payout ratio is currently 32.28%.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors boosted its position in NBT Bancorp by 687.1% during the 1st quarter. Captrust Financial Advisors now owns 669 shares of the bank’s stock worth $27,000 after buying an additional 584 shares during the period. Vigilant Capital Management LLC bought a new position in NBT Bancorp during the 3rd quarter worth approximately $33,000. Point72 Hong Kong Ltd bought a new position in NBT Bancorp during the 3rd quarter worth approximately $35,000. Denali Advisors LLC bought a new position in NBT Bancorp during the 3rd quarter worth approximately $47,000. Finally, SG Americas Securities LLC bought a new position in NBT Bancorp during the 3rd quarter worth approximately $146,000. Institutional investors own 54.24% of the company’s stock.
NBT Bancorp Company Profile
NBT Bancorp, Inc is a holding company, which engages in the provision of financial solutions. It offers commercial banking, retail banking, and wealth management, as well as trust and investment services. The company was founded in 1986 and is headquartered in Norwich, NY.
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