DA Davidson Issues Positive Forecast for NBT Bancorp (NASDAQ:NBTB) Stock Price

Key Points

• DA Davidson has increased its price target for NBT Bancorp from $53.00 to $55.00, suggesting a potential upside of 32.95% from the stock's previous close.
• Despite the upgrade, Wall Street Zen downgraded NBT Bancorp from a "hold" to a "sell" rating, reflecting mixed sentiments among analysts regarding the stock.
• NBT Bancorp's stock has recently traded down by 1.9%, with a current market cap of $1.96 billion and a PE ratio of 14.94.

NBT Bancorp (NASDAQ:NBTB - Get Free Report) had its price objective boosted by research analysts at DA Davidson from $53.00 to $55.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a "buy" rating on the bank's stock. DA Davidson's target price indicates a potential upside of 35.87% from the company's previous close. DA Davidson also issued estimates for NBT Bancorp's Q3 2025 earnings at $1.01 EPS and FY2026 earnings at $4.45 EPS.

NBTB has been the subject of several other reports. Wall Street Zen cut NBT Bancorp from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Piper Sandler raised NBT Bancorp to a "neutral" rating and set a $47.00 price target for the company in a report on Tuesday, July 8th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $52.00.

NBT Bancorp Stock Performance

Shares of NBTB stock traded down $0.08 during trading on Thursday, reaching $40.48. 18,941 shares of the company's stock were exchanged, compared to its average volume of 246,487. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $1.91 billion, a PE ratio of 14.61 and a beta of 0.59. NBT Bancorp has a twelve month low of $37.31 and a twelve month high of $52.44. The firm's fifty day moving average price is $42.05 and its 200-day moving average price is $43.43.

NBT Bancorp (NASDAQ:NBTB - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The bank reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.06. The business had revenue of $171.15 million during the quarter, compared to analysts' expectations of $171.04 million. NBT Bancorp had a return on equity of 9.81% and a net margin of 16.10%. As a group, sell-side analysts anticipate that NBT Bancorp will post 3.69 EPS for the current year.

Insiders Place Their Bets

In other NBT Bancorp news, Director John H. Watt, Jr. sold 7,869 shares of the firm's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $42.02, for a total transaction of $330,655.38. Following the transaction, the director owned 116,027 shares in the company, valued at $4,875,454.54. This trade represents a 6.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Heidi M. Hoeller acquired 2,588 shares of the stock in a transaction on Tuesday, May 6th. The shares were bought at an average price of $42.88 per share, for a total transaction of $110,973.44. Following the purchase, the director owned 11,578 shares in the company, valued at approximately $496,464.64. This trade represents a 28.79% increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.03% of the stock is owned by company insiders.

Hedge Funds Weigh In On NBT Bancorp

A number of institutional investors have recently modified their holdings of the business. Leigh Baldwin & CO. LLC acquired a new position in shares of NBT Bancorp during the 4th quarter worth $52,606,000. Silvercrest Asset Management Group LLC acquired a new position in shares of NBT Bancorp during the 4th quarter worth $38,978,000. Northern Trust Corp raised its holdings in shares of NBT Bancorp by 4.9% during the 4th quarter. Northern Trust Corp now owns 726,413 shares of the bank's stock worth $34,693,000 after buying an additional 33,855 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of NBT Bancorp by 4.7% during the 1st quarter. Victory Capital Management Inc. now owns 697,879 shares of the bank's stock worth $29,939,000 after buying an additional 31,317 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of NBT Bancorp by 3.6% during the 1st quarter. Raymond James Financial Inc. now owns 513,243 shares of the bank's stock worth $22,018,000 after buying an additional 18,035 shares in the last quarter. Institutional investors and hedge funds own 58.46% of the company's stock.

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.