FY2025 EPS Estimates for NBT Bancorp Boosted by DA Davidson

Key Points

• DA Davidson has raised its FY2025 earnings estimate for NBT Bancorp to $3.70 per share, up from an earlier forecast of $3.41, maintaining a "Buy" rating with a target price of $55.00.
• NBT Bancorp recently increased its quarterly dividend to $0.37 per share from $0.34, resulting in an annualized yield of 3.6%.
• Institutional investors have shown increased interest in NBT Bancorp, with TD Private Client Wealth LLC and Farther Finance Advisors LLC significantly boosting their stakes in the company.

NBT Bancorp Inc. (NASDAQ:NBTB - Free Report) - Equities researchers at DA Davidson lifted their FY2025 earnings estimates for NBT Bancorp in a report released on Thursday, July 31st. DA Davidson analyst M. Navas now expects that the bank will post earnings per share of $3.70 for the year, up from their previous forecast of $3.41. DA Davidson has a "Buy" rating and a $55.00 price objective on the stock. The consensus estimate for NBT Bancorp's current full-year earnings is $3.69 per share.

Several other equities research analysts also recently commented on NBTB. Piper Sandler upgraded shares of NBT Bancorp to a "neutral" rating and set a $47.00 price objective for the company in a research note on Tuesday, July 8th. Wall Street Zen upgraded shares of NBT Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $52.00.

NBT Bancorp Trading Down 2.0%

NASDAQ:NBTB opened at $40.56 on Monday. NBT Bancorp has a 12 month low of $37.31 and a 12 month high of $52.44. The firm has a fifty day simple moving average of $42.05 and a 200-day simple moving average of $43.43. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $1.92 billion, a P/E ratio of 14.64 and a beta of 0.59.

NBT Bancorp (NASDAQ:NBTB - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The bank reported $0.88 EPS for the quarter, topping the consensus estimate of $0.82 by $0.06. NBT Bancorp had a net margin of 16.10% and a return on equity of 9.81%. The business had revenue of $171.15 million during the quarter, compared to the consensus estimate of $171.04 million.

NBT Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 1st will be given a dividend of $0.37 per share. This is a boost from NBT Bancorp's previous quarterly dividend of $0.34. This represents a $1.48 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Friday, August 29th. NBT Bancorp's payout ratio is presently 49.10%.

Insiders Place Their Bets

In other NBT Bancorp news, Director Heidi M. Hoeller bought 2,588 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was bought at an average cost of $42.88 per share, for a total transaction of $110,973.44. Following the completion of the transaction, the director directly owned 11,578 shares of the company's stock, valued at approximately $496,464.64. This trade represents a 28.79% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John H. Watt, Jr. sold 7,869 shares of the business's stock in a transaction on Wednesday, May 28th. The shares were 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 of the company's stock, valued at $4,875,454.54. This represents a 6.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.03% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. TD Private Client Wealth LLC increased 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 buying an additional 294 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in NBT Bancorp by 2,902.1% in the second quarter. Farther Finance Advisors LLC now owns 1,441 shares of the bank's stock valued at $60,000 after buying an additional 1,393 shares in the last quarter. Sterling Capital Management LLC increased its holdings in NBT Bancorp by 817.7% in the fourth quarter. Sterling Capital Management LLC now owns 1,450 shares of the bank's stock valued at $69,000 after buying an additional 1,292 shares in the last quarter. Cloud Capital Management LLC purchased a new position in NBT Bancorp in the first quarter valued at $68,000. Finally, GAMMA Investing LLC increased its holdings in NBT Bancorp by 38.9% in the second quarter. GAMMA Investing LLC now owns 1,951 shares of the bank's stock valued at $81,000 after buying an additional 546 shares in the last quarter. Hedge funds and other institutional investors 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.

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