DA Davidson Has Positive View of NBT Bancorp FY2025 Earnings

NBT Bancorp Inc. (NASDAQ:NBTB) – Research analysts at DA Davidson raised their FY2025 earnings estimates for shares of NBT Bancorp in a note issued to investors on Thursday, January 30th. DA Davidson analyst M. Navas now expects that the bank will post earnings per share of $4.25 for the year, up from their prior estimate of $3.42. DA Davidson currently 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 announced its quarterly earnings data on Monday, January 27th. The bank reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.01). NBT Bancorp had a return on equity of 9.39% and a net margin of 17.84%. During the same quarter in the prior year, the company posted $0.72 earnings per share.

NBTB has been the topic of a number of other reports. Stephens raised 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 research report on Wednesday, January 29th. Keefe, Bruyette & Woods raised their target price 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 shares of NBT Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $51.75.

NBT Bancorp Stock Down 0.1 %

Shares of NASDAQ NBTB opened at $47.63 on Monday. 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 company has a market cap of $2.25 billion, a P/E ratio of 16.09 and a beta of 0.53. NBT Bancorp has a 1 year low of $32.79 and a 1 year high of $52.44. The firm has a 50-day simple moving average of $48.68 and a two-hundred day simple moving average of $47.07.

NBT Bancorp Announces Dividend

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

Insider Activity at NBT Bancorp

In other NBT Bancorp news, EVP Amy Wiles sold 1,000 shares of NBT Bancorp stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $50.10, for a total value of $50,100.00. Following the transaction, the executive vice president now directly owns 27,909 shares of the company’s stock, valued at approximately $1,398,240.90. The trade was a 3.46 % decrease in their ownership of the stock. The transaction 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 NBT Bancorp stock in a transaction 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 completion of the transaction, the director now directly owns 38,853 shares in the company, valued at $1,999,763.91. This represents a 50.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 61,694 shares of company stock valued at $3,139,185 over the last ninety days. 3.32% of the stock is owned by company insiders.

Institutional Investors Weigh In On NBT Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its stake in shares of NBT Bancorp by 1.0% during the third quarter. Geode Capital Management LLC now owns 1,118,410 shares of the bank’s stock worth $49,477,000 after buying an additional 10,628 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of NBT Bancorp by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 585,636 shares of the bank’s stock worth $25,903,000 after buying an additional 7,294 shares during the period. Eagle Asset Management Inc. lifted its stake in shares of NBT Bancorp by 76.3% during the third quarter. Eagle Asset Management Inc. now owns 378,898 shares of the bank’s stock worth $16,759,000 after buying an additional 163,952 shares during the period. Ceredex Value Advisors LLC lifted its stake in shares of NBT Bancorp by 40.9% during the third quarter. Ceredex Value Advisors LLC now owns 309,300 shares of the bank’s stock worth $13,680,000 after buying an additional 89,800 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in NBT Bancorp during the fourth quarter valued at $12,007,000. 58.46% of the stock is currently owned by institutional investors and hedge funds.

NBT Bancorp Company Profile

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.