NBT Bancorp (NBTB) Expected to Announce Quarterly Earnings on Monday

NBT Bancorp (NASDAQ:NBTB) will likely be releasing 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. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

NBT Bancorp (NASDAQ:NBTB) last released its quarterly earnings data on Monday, October 28th. The bank reported $0.80 EPS for the quarter, topping the consensus estimate of $0.78 by $0.02. NBT Bancorp had a net margin of 17.37% and a return on equity of 9.36%. The business had revenue of $202.00 million for the quarter, compared to analyst estimates of $144.70 million. During the same period in the previous year, the firm earned $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 Stock Performance

NASDAQ:NBTB opened at $48.02 on Friday. The company has a market capitalization of $2.27 billion, a P/E ratio of 16.91 and a beta of 0.53. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average price of $48.86 and a two-hundred day moving average price of $46.88. NBT Bancorp has a twelve month low of $32.79 and a twelve month high of $52.44.

NBT Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a $0.34 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.83%. NBT Bancorp’s dividend payout ratio (DPR) is presently 47.89%.

Insider Transactions at NBT Bancorp

In other news, EVP Amy Wiles sold 500 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $51.31, for a total transaction of $25,655.00. Following the sale, the executive vice president now directly owns 27,409 shares in the company, valued at approximately $1,406,355.79. This represents a 1.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Timothy E. Delaney sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $51.47, for a total value of $2,058,800.00. Following the transaction, the director now owns 38,853 shares of the company’s stock, valued at $1,999,763.91. This represents a 50.73 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 81,694 shares of company stock worth $4,048,185. 3.32% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on NBTB shares. DA Davidson assumed coverage on shares of NBT Bancorp in a report on Thursday, December 12th. They set a “neutral” rating and a $60.00 price objective for the company. Keefe, Bruyette & Woods increased their price target on shares of NBT Bancorp from $50.00 to $55.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, StockNews.com lowered NBT Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, NBT Bancorp presently has an average rating of “Hold” and an average target price of $50.75.

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.