Q1 Earnings Estimate for NBT Bancorp Issued By DA Davidson

NBT Bancorp Inc. (NASDAQ:NBTB) – Equities research analysts at DA Davidson issued their Q1 2025 EPS estimates for NBT Bancorp in a report issued on Thursday, January 30th. DA Davidson analyst M. Navas forecasts that the bank will post earnings of $0.76 per share for the quarter. DA Davidson has a “Strong-Buy” rating on the stock. The consensus estimate for NBT Bancorp’s current full-year earnings is $3.46 per share.

NBT Bancorp (NASDAQ:NBTB) last released its earnings results on Monday, January 27th. The bank reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). NBT Bancorp had a net margin of 17.84% and a return on equity of 9.39%. During the same period in the prior year, the business posted $0.72 earnings per share.

Several other brokerages have also recently issued reports on NBTB. Stephens upgraded shares of NBT Bancorp from an “equal weight” rating to an “overweight” rating and set a $53.00 target price on the stock in a report on Wednesday. Keefe, Bruyette & Woods boosted their price objective on shares of NBT Bancorp from $50.00 to $55.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, StockNews.com downgraded shares of NBT Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $51.75.

NBT Bancorp Price Performance

Shares of NBT Bancorp stock opened at $47.63 on Friday. The stock has a market capitalization of $2.25 billion, a P/E ratio of 16.09 and a beta of 0.53. NBT Bancorp has a one year low of $32.79 and a one year high of $52.44. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.87 and a quick ratio of 0.87. The business’s 50 day simple moving average is $48.68 and its two-hundred day simple moving average is $47.05.

Institutional Trading of NBT Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the business. New York State Common Retirement Fund boosted its stake in NBT Bancorp by 14.4% during the fourth quarter. New York State Common Retirement Fund now owns 15,887 shares of the bank’s stock worth $759,000 after acquiring an additional 2,000 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of NBT Bancorp during the fourth quarter valued at approximately $284,000. Principal Financial Group Inc. boosted its position in shares of NBT Bancorp by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 228,699 shares of the bank’s stock worth $10,923,000 after purchasing an additional 6,395 shares in the last quarter. Legato Capital Management LLC grew its stake in shares of NBT Bancorp by 102.7% in the 4th quarter. Legato Capital Management LLC now owns 14,835 shares of the bank’s stock worth $709,000 after buying an additional 7,515 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in NBT Bancorp during the 4th quarter valued at approximately $551,000. 58.46% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NBT Bancorp news, 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 transaction of $2,058,800.00. Following the transaction, the director now owns 38,853 shares in the company, valued at approximately $1,999,763.91. This represents a 50.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John H. Watt, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $49.40, for a total value of $494,000.00. Following the completion of the transaction, the director now owns 125,301 shares of the company’s stock, valued at approximately $6,189,869.40. The trade was a 7.39 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 61,694 shares of company stock worth $3,139,185. 3.32% of the stock is currently owned by corporate insiders.

NBT Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date is Monday, March 3rd. NBT Bancorp’s payout ratio is currently 45.95%.

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.