NBT Bancorp (NBTB) Expected to Announce Earnings on Monday

NBT Bancorp (NASDAQ:NBTB) is expected to be announcing its earnings results after the market closes on Monday, January 27th. Analysts expect the company to announce earnings of $0.78 per share and revenue of $147,107.00 billion for the quarter. Investors interested in listening to the company’s 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 return on equity of 9.36% and a net margin of 17.37%. The company had revenue of $202.00 million during the quarter, compared to the consensus estimate of $144.70 million. During the same period last year, the company 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 Price Performance

NASDAQ NBTB opened at $47.86 on Monday. NBT Bancorp has a one year low of $32.79 and a one year high of $52.44. The stock has a 50-day moving average of $49.05 and a 200 day moving average of $46.59. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 16.85 and a beta of 0.53. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.87 and a current ratio of 0.87.

NBT Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.34 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.36 annualized dividend and a yield of 2.84%. NBT Bancorp’s payout ratio is 47.89%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on NBTB shares. StockNews.com downgraded NBT Bancorp from a “hold” rating to a “sell” rating in a report on Thursday. DA Davidson started coverage on NBT Bancorp in a research note on Thursday, December 12th. They set a “neutral” rating and a $60.00 price target for the company. Finally, Keefe, Bruyette & Woods boosted their price target on NBT Bancorp from $50.00 to $55.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, NBT Bancorp currently has a consensus rating of “Hold” and an average target price of $48.80.

Insider Buying and Selling

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

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.