NBT Bancorp Inc. (NASDAQ:NBTB) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Shares of NBT Bancorp have an average analyst recommendation of Moderate Buy from six brokerages (three holds, two buys, one strong buy) and an average 1‑year price target of $49.50.
• In the most recent quarter NBTB slightly missed earnings (EPS $0.97 vs. $0.98) and revenue ($184.48M vs. $185.36M); the stock trades near $44.21 with a market cap of $2.3B, a P/E of 12.6 and a one‑year range of $39.19–$46.92.
• Insiders have trimmed holdings (EVP Amy Wiles sold 4,435 shares) while institutional ownership is high at 58.46%, with several funds (e.g., Millennium, State Street, Nuveen) materially increasing positions.

Shares of NBT Bancorp Inc. (NASDAQ:NBTB - Get Free Report) have been given an average recommendation of "Moderate Buy" by the six brokerages that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $49.50.

NBTB has been the topic of several research reports. Hovde Group dropped their price target on NBT Bancorp from $47.00 to $46.50 and set a "market perform" rating on the stock in a research report on Monday, April 27th. Brean Capital downgraded shares of NBT Bancorp from a "strong-buy" rating to a "hold" rating in a report on Friday, February 20th. Weiss Ratings upgraded shares of NBT Bancorp from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, April 24th. Janney Montgomery Scott cut shares of NBT Bancorp from a "buy" rating to a "neutral" rating in a report on Monday, February 23rd. Finally, DA Davidson restated a "buy" rating and issued a $52.00 price target on shares of NBT Bancorp in a research report on Monday, April 27th.

NBT Bancorp Stock Up 1.2%

NASDAQ:NBTB opened at $44.21 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 12.60 and a beta of 0.47. NBT Bancorp has a one year low of $39.19 and a one year high of $46.92. The stock has a 50-day simple moving average of $43.28 and a 200 day simple moving average of $42.89.

NBT Bancorp (NASDAQ:NBTB - Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The bank reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.01). The firm had revenue of $184.48 million for the quarter, compared to analyst estimates of $185.36 million. NBT Bancorp had a net margin of 19.59% and a return on equity of 11.06%. Sell-side analysts predict that NBT Bancorp will post 4.16 EPS for the current fiscal year.

Insiders Place Their Bets

In other NBT Bancorp news, EVP Amy Wiles sold 4,435 shares of the firm's stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $45.72, for a total value of $202,768.20. Following the transaction, the executive vice president owned 21,500 shares of the company's stock, valued at $982,980. This trade represents a 17.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.99% of the stock is currently owned by company insiders.

Institutional Trading of NBT Bancorp

Several hedge funds have recently made changes to their positions in the stock. Millennium Management LLC boosted its position in NBT Bancorp by 564.1% during the 3rd quarter. Millennium Management LLC now owns 248,050 shares of the bank's stock valued at $10,359,000 after purchasing an additional 210,699 shares during the period. State Street Corp lifted its position in NBT Bancorp by 7.8% in the 2nd quarter. State Street Corp now owns 2,531,336 shares of the bank's stock valued at $105,177,000 after purchasing an additional 182,793 shares during the last quarter. Nuveen LLC boosted its stake in NBT Bancorp by 171.0% during the 4th quarter. Nuveen LLC now owns 286,107 shares of the bank's stock valued at $11,879,000 after purchasing an additional 180,528 shares during the period. The Manufacturers Life Insurance Company grew its position in NBT Bancorp by 63.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 451,047 shares of the bank's stock worth $18,741,000 after purchasing an additional 174,639 shares during the last quarter. Finally, Tudor Investment Corp ET AL bought a new position in NBT Bancorp in the 3rd quarter worth about $4,886,000. Institutional investors own 58.46% of the company's stock.

About NBT Bancorp

NBT Bancorp, Inc NASDAQ: NBTB is the bank holding company for NBT Bank, N.A., a full-service commercial bank that serves both individual and corporate clients across the Northeastern United States. Through its branch network and digital channels, the company offers a comprehensive range of commercial banking services, including business lending, treasury management, cash management and specialized industry financing. Its consumer banking platform provides checking and savings accounts, certificates of deposit, home mortgages, home equity lines of credit and other lending solutions tailored to meet personal and household financial needs.

In addition to traditional banking, NBT Bancorp delivers wealth management and fiduciary services through its trust division, offering investment advisory, trust administration, retirement planning and estate settlement.

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