DA Davidson Issues Positive Outlook for NBT Bancorp Earnings

NBT Bancorp Inc. (NASDAQ:NBTB - Free Report) - DA Davidson increased their Q2 2025 earnings estimates for shares of NBT Bancorp in a research report issued on Tuesday, July 1st. DA Davidson analyst M. Navas now expects that the bank will earn $0.78 per share for the quarter, up from their prior forecast of $0.77. DA Davidson 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 subject of a number of other reports. Wall Street Zen downgraded NBT Bancorp from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Hovde Group began coverage on shares of NBT Bancorp in a research report on Friday, March 21st. They issued a "market perform" rating and a $50.00 price target for the company. 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. According to MarketBeat, NBT Bancorp has an average rating of "Hold" and a consensus price target of $52.75.

NBT Bancorp Trading Up 1.4%

Shares of NBTB stock traded up $0.62 on Wednesday, hitting $43.44. The company had a trading volume of 285,633 shares, compared to its average volume of 239,733. The firm has a market cap of $2.05 billion, a P/E ratio of 14.38 and a beta of 0.57. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 0.86. NBT Bancorp has a twelve month low of $37.31 and a twelve month high of $52.44. The stock's 50-day moving average is $42.15 and its two-hundred day moving average is $44.28.

NBT Bancorp (NASDAQ:NBTB - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The bank reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.04. The business had revenue of $155.31 million for the quarter, compared to analyst estimates of $151.00 million. NBT Bancorp had a return on equity of 9.57% and a net margin of 17.99%. During the same quarter in the previous year, the company posted $0.68 EPS.

Institutional Investors Weigh In On NBT Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new stake in shares of NBT Bancorp during the 4th quarter worth approximately $284,000. New York State Common Retirement Fund lifted its stake in NBT Bancorp by 14.4% in the 4th quarter. New York State Common Retirement Fund now owns 15,887 shares of the bank's stock worth $759,000 after purchasing an additional 2,000 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in NBT Bancorp by 12.5% in the 4th quarter. Bank of New York Mellon Corp now owns 683,253 shares of the bank's stock worth $32,632,000 after purchasing an additional 75,693 shares in the last quarter. US Bancorp DE increased its stake in NBT Bancorp by 42.0% in the 4th quarter. US Bancorp DE now owns 1,836 shares of the bank's stock worth $88,000 after acquiring an additional 543 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of NBT Bancorp by 27.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,755 shares of the bank's stock worth $132,000 after purchasing an additional 597 shares during the last quarter. Hedge funds and other institutional investors own 58.46% of the company's stock.

Insider Buying and Selling at NBT Bancorp

In other news, Director Heidi M. Hoeller purchased 2,588 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were bought at an average cost of $42.88 per share, with a total value 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John H. Watt, Jr. sold 7,869 shares of the business's stock in a transaction dated 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 approximately $4,875,454.54. This trade represents a 6.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have purchased 5,491 shares of company stock valued at $235,674 in the last quarter. 3.03% of the stock is currently owned by corporate insiders.

NBT Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.34 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.36 annualized dividend and a dividend yield of 3.13%. NBT Bancorp's payout ratio 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.