DA Davidson Lowers NBT Bancorp (NASDAQ:NBTB) Price Target to $53.00

NBT Bancorp (NASDAQ:NBTB - Free Report) had its price objective trimmed by DA Davidson from $57.00 to $53.00 in a research note issued to investors on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the bank's stock. DA Davidson also issued estimates for NBT Bancorp's Q2 2025 earnings at $0.77 EPS and FY2025 earnings at $3.45 EPS.

Several other research analysts have also weighed in on the company. Hovde Group assumed coverage on NBT Bancorp in a research report on Friday, March 21st. They issued a "market perform" rating and a $50.00 price objective for the company. StockNews.com cut shares of NBT Bancorp from a "hold" rating to a "sell" rating in a research report on Thursday, January 16th. Finally, Stephens upgraded shares of NBT Bancorp from an "equal weight" rating to an "overweight" rating and set a $53.00 price target for the company in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $52.75.

NBT Bancorp Trading Up 2.1 %

NASDAQ NBTB traded up $0.90 on Monday, reaching $43.41. 2,160,024 shares of the company were exchanged, compared to its average volume of 232,113. 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 business's fifty day moving average price is $42.35 and its 200 day moving average price is $46.09. The stock has a market capitalization of $2.05 billion, a P/E ratio of 14.67 and a beta of 0.58. NBT Bancorp has a fifty-two week low of $34.47 and a fifty-two week high of $52.44.

NBT Bancorp (NASDAQ:NBTB - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The bank reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.04. NBT Bancorp had a net margin of 17.84% and a return on equity of 9.39%. The firm had revenue of $155.31 million during the quarter, compared to analyst estimates of $151.00 million. During the same quarter in the prior year, the firm posted $0.68 earnings per share. Analysts forecast that NBT Bancorp will post 3.69 earnings per share for the current year.

Insider Activity at NBT Bancorp

In related news, Director Heidi M. Hoeller acquired 678 shares of the business's stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $48.45 per share, with a total value of $32,849.10. Following the completion of the transaction, the director now owns 6,437 shares of the company's stock, valued at $311,872.65. The trade was a 11.77 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Sarah A. Halliday sold 5,000 shares of NBT Bancorp stock in a transaction on Monday, February 10th. The shares were sold at an average price of $48.45, for a total value of $242,250.00. Following the completion of the transaction, the executive vice president now owns 25,564 shares of the company's stock, valued at approximately $1,238,575.80. This trade represents a 16.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.03% of the company's stock.

Institutional Investors Weigh In On NBT Bancorp

Several institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. raised its stake in NBT Bancorp by 4.7% in the first quarter. Victory Capital Management Inc. now owns 697,879 shares of the bank's stock valued at $29,939,000 after buying an additional 31,317 shares in the last quarter. MQS Management LLC acquired a new stake in shares of NBT Bancorp during the 1st quarter worth about $324,000. Cerity Partners LLC purchased a new stake in NBT Bancorp during the first quarter worth approximately $619,000. TD Private Client Wealth LLC boosted its holdings in NBT Bancorp by 51.3% in the first quarter. TD Private Client Wealth LLC now owns 867 shares of the bank's stock valued at $37,000 after purchasing an additional 294 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in NBT Bancorp by 30.8% in the first quarter. Envestnet Asset Management Inc. now owns 17,275 shares of the bank's stock valued at $741,000 after purchasing an additional 4,071 shares during the last quarter. 58.46% of the stock is owned by hedge funds and other institutional investors.

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.