FY2025 EPS Estimates for NBT Bancorp Cut by DA Davidson

NBT Bancorp Inc. (NASDAQ:NBTB - Free Report) - Stock analysts at DA Davidson lowered their FY2025 earnings per share (EPS) estimates for NBT Bancorp in a research note issued to investors on Tuesday, July 1st. DA Davidson analyst M. Navas now anticipates that the bank will post earnings of $3.41 per share for the year, down from their prior estimate of $3.45. DA Davidson currently has a "Buy" rating and a $53.00 price target on the stock. The consensus estimate for NBT Bancorp's current full-year earnings is $3.69 per share.

NBTB has been the topic of several other research reports. Hovde Group initiated coverage on NBT Bancorp in a research report on Friday, March 21st. They set a "market perform" rating and a $50.00 target price on the stock. Wall Street Zen cut NBT Bancorp from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $52.75.

NBT Bancorp Stock Up 0.9%

NASDAQ NBTB traded up $0.41 during midday trading on Thursday, hitting $43.85. 138,234 shares of the company traded hands, compared to its average volume of 240,266. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $2.07 billion, a PE ratio of 14.52 and a beta of 0.57. The company's 50-day simple moving average is $42.21 and its 200-day simple moving average is $44.22. NBT Bancorp has a 52 week low of $37.31 and a 52 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, topping the consensus estimate of $0.76 by $0.04. NBT Bancorp had a return on equity of 9.57% and a net margin of 17.99%. The company had revenue of $155.31 million for the quarter, compared to analysts' expectations of $151.00 million. During the same quarter in the prior year, the firm earned $0.68 earnings per share.

Institutional Investors Weigh In On NBT Bancorp

A number of large investors have recently made changes to their positions in NBTB. TD Private Client Wealth LLC grew its holdings in NBT Bancorp by 51.3% in the 1st 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. Sterling Capital Management LLC raised its holdings in shares of NBT Bancorp by 817.7% during the 4th quarter. Sterling Capital Management LLC now owns 1,450 shares of the bank's stock worth $69,000 after acquiring an additional 1,292 shares during the period. Cloud Capital Management LLC purchased a new position in shares of NBT Bancorp during the 1st quarter worth $68,000. Rialto Wealth Management LLC purchased a new stake in NBT Bancorp in the 4th quarter valued at about $87,000. Finally, US Bancorp DE raised its holdings in NBT Bancorp by 42.0% in the 4th quarter. US Bancorp DE now owns 1,836 shares of the bank's stock valued at $88,000 after buying an additional 543 shares during the period. 58.46% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other 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 purchased at an average cost of $42.88 per share, for a total transaction of $110,973.44. Following the purchase, the director directly owned 11,578 shares in the company, valued at approximately $496,464.64. This trade represents a 28.79% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John H. Watt, Jr. sold 7,869 shares of NBT Bancorp stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $42.02, for a total value of $330,655.38. Following the completion of the transaction, the director owned 116,027 shares of the company's stock, valued at approximately $4,875,454.54. This represents a 6.35% decrease in their position. The disclosure for this sale can be found here. Insiders purchased a total of 5,491 shares of company stock valued at $235,674 in the last 90 days. 3.03% of the stock is currently owned by company insiders.

NBT Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.34 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.36 dividend on an annualized basis and a yield of 3.10%. NBT Bancorp's dividend payout ratio (DPR) is 45.03%.

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.