What is DA Davidson's Forecast for NBT Bancorp Q2 Earnings?

NBT Bancorp Inc. (NASDAQ:NBTB - Free Report) - Equities research analysts at DA Davidson lifted their Q2 2025 earnings estimates for NBT Bancorp in a research note issued on Tuesday, July 1st. DA Davidson analyst M. Navas now forecasts that the bank will earn $0.78 per share for the quarter, up from their previous forecast of $0.77. DA Davidson currently has a "Buy" rating and a $53.00 target price on the stock. The consensus estimate for NBT Bancorp's current full-year earnings is $3.69 per share.

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, beating the consensus estimate of $0.76 by $0.04. The company had revenue of $155.31 million for the quarter, compared to analyst estimates of $151.00 million. NBT Bancorp had a net margin of 17.99% and a return on equity of 9.57%. During the same period in the prior year, the firm earned $0.68 earnings per share.

A number of other equities analysts have also commented on NBTB. Wall Street Zen lowered shares of NBT Bancorp from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Hovde Group initiated coverage on shares of NBT Bancorp in a research report on Friday, March 21st. They set a "market perform" rating and a $50.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $52.75.

NBT Bancorp Stock Performance

Shares of NBTB traded up $0.41 during trading hours on Wednesday, hitting $43.85. The company had a trading volume of 138,234 shares, compared to its average volume of 240,700. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 14.52 and a beta of 0.57. The business has a fifty day moving average of $42.24 and a 200-day moving average of $44.14. NBT Bancorp has a 12 month low of $37.31 and a 12 month high of $52.44. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.15.

NBT Bancorp Dividend Announcement

The firm also recently declared 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. This represents a $1.36 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Monday, June 2nd. NBT Bancorp's dividend payout ratio is 45.03%.

Insider Transactions at NBT Bancorp

In other news, Director Heidi M. Hoeller acquired 2,588 shares of NBT Bancorp stock in a transaction on Tuesday, May 6th. The shares were purchased at an average cost of $42.88 per share, for a total transaction of $110,973.44. Following the completion of the purchase, the director directly owned 11,578 shares of the company's stock, valued at approximately $496,464.64. This represents a 28.79% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John H. Watt, Jr. sold 7,869 shares of the 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 sale, the director owned 116,027 shares in the company, valued at $4,875,454.54. The trade was a 6.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have acquired 5,491 shares of company stock worth $235,674 over the last quarter. Corporate insiders own 3.03% of the company's stock.

Institutional Investors Weigh In On NBT Bancorp

Large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp grew its stake in NBT Bancorp by 12.5% during the fourth quarter. Bank of New York Mellon Corp now owns 683,253 shares of the bank's stock worth $32,632,000 after buying an additional 75,693 shares in the last quarter. Lisanti Capital Growth LLC grew its stake in NBT Bancorp by 53.0% during the fourth quarter. Lisanti Capital Growth LLC now owns 66,035 shares of the bank's stock worth $3,154,000 after buying an additional 22,865 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of NBT Bancorp in the 1st quarter valued at approximately $884,000. Sanctuary Advisors LLC acquired a new stake in shares of NBT Bancorp in the 4th quarter valued at approximately $284,000. Finally, Deutsche Bank AG boosted its stake in shares of NBT Bancorp by 53.1% in the 4th quarter. Deutsche Bank AG now owns 39,645 shares of the bank's stock valued at $1,893,000 after purchasing an additional 13,742 shares in the last quarter. 58.46% of the stock is currently owned by institutional investors and hedge funds.

About NBT Bancorp

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.