NBT Bancorp (NBTB) Scheduled to Post Quarterly Earnings on Monday

NBT Bancorp (NASDAQ:NBTB) is set to release its earnings data after the market closes on Monday, October 28th. Analysts expect NBT Bancorp to post earnings of $0.78 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

NBT Bancorp (NASDAQ:NBTB) last announced its quarterly earnings data on Monday, July 22nd. The bank reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). NBT Bancorp had a net margin of 16.15% and a return on equity of 9.64%. The company had revenue of $194.00 million for the quarter, compared to analyst estimates of $139.02 million. During the same period in the prior year, the company posted $0.80 EPS. On average, analysts expect NBT Bancorp to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

NBT Bancorp Stock Down 1.7 %

NBTB stock opened at $45.71 on Monday. NBT Bancorp has a twelve month low of $30.35 and a twelve month high of $50.83. 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 company has a market cap of $2.16 billion, a PE ratio of 17.65 and a beta of 0.50. The business’s 50-day simple moving average is $45.51 and its 200 day simple moving average is $41.11.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NBTB. Stephens restated an “equal weight” rating and set a $49.00 price objective on shares of NBT Bancorp in a research report on Tuesday, September 10th. Raymond James lowered shares of NBT Bancorp from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 24th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $42.60.

Insider Buying and Selling

In other NBT Bancorp news, EVP Martin Randolph Sparks sold 1,000 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $48.37, for a total value of $48,370.00. Following the sale, the executive vice president now directly owns 15,003 shares in the company, valued at $725,695.11. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director V Daniel Robinson II sold 20,000 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $44.10, for a total transaction 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 $22,824,307.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Martin Randolph Sparks sold 1,000 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $48.37, for a total value of $48,370.00. Following the completion of the transaction, the executive vice president now directly owns 15,003 shares in the company, valued at approximately $725,695.11. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 101,556 shares of company stock worth $4,527,790 in the last 90 days. 3.32% of the stock is owned by company insiders.

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.