How have NBTB shares performed this year?

NBT Bancorp's stock was trading at $41.91 at the start of the year. Since then, NBTB shares have increased by 18.9% and is now trading at $49.84. View the best growth stocks for 2024 here .

How were NBT Bancorp's earnings last quarter?

NBT Bancorp Inc. (NASDAQ:NBTB) announced its quarterly earnings results on Monday, July, 22nd. The bank reported $0.69 EPS for the quarter, missing analysts' consensus estimates of $0.70 by $0.01. The bank had revenue of $194 million for the quarter, compared to analyst estimates of $139.02 million. NBT Bancorp had a trailing twelve-month return on equity of 9.64% and a net margin of 16.15%.

What is Martin A. Dietrich's approval rating as NBT Bancorp's CEO?

22 employees have rated NBT Bancorp Chief Executive Officer Martin A. Dietrich on Glassdoor.com . Martin A. Dietrich has an approval rating of 80% among the company's employees.

Who are NBT Bancorp's major shareholders?

Top institutional shareholders of NBT Bancorp include Bank of New York Mellon Corp (1.34%), Ceredex Value Advisors LLC (0.47%), Raymond James & Associates (0.19%) and CWM LLC (0.05%). Insiders that own company stock include Martin A Dietrich , Timothy E Delaney, Lowell A Seifter, Sarah A Halliday, Scott Allen Kingsley , Amy Wiles, Shaunastar Hyle, Jason David Brown and Heidi M Hoeller. View institutional ownership trends .

How do I buy shares of NBT Bancorp?

Shares of NBTB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

What other stocks do shareholders of NBT Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some other companies that NBT Bancorp investors own include AT&T (T) , AbbVie (ABBV) , Bank of America (BAC) , Cisco Systems (CSCO) , Verizon Communications (VZ) , Exxon Mobil (XOM) and Bank of New York Mellon (BK) .

NASDAQ:NBTB

NBT Bancorp (NBTB) Stock Price, News & Analysis

$49.84

+0.46 (+0.93%)

(As of 07/26/2024 ET)

Compare

Today's Range: $48.81
▼
$50.36
50-Day Range: $35.01
▼
$49.59
52-Week Range: $30.31
▼
$50.83

Volume: 192,481 shs
Average Volume: 206,791 shs
Market Capitalization: $2.35 billion

P/E Ratio: 19.24
Dividend Yield: 2.57%
Price Target: $42.60

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NBT Bancorp MarketRank™ Stock Analysis

Analyst Rating: Hold
2.40 Rating Score
Upside/Downside: 14.5% Downside
$42.60 Price Target
Short Interest: Healthy
2.31% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.10
Based on 26 Articles This Week
Insider Trading: Selling Shares
$47,249 Sold Last Quarter
Proj. Earnings Growth: 14.89%
From $2.82 to $3.24 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.89 out of 5 stars

Finance Sector

498th out of 898 stocks

National Commercial Banks Industry

55th out of 88 stocks

1.2

Analyst's Opinion

Consensus Rating
NBT Bancorp has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
NBT Bancorp has only been the subject of 2 research reports in the past 90 days.
Read more about NBT Bancorp's stock forecast and price target.

3.0

Short Interest

Percentage of Shares Shorted
2.31% of the outstanding shares of NBT Bancorp have been sold short.
Short Interest Ratio / Days to Cover
NBT Bancorp has a short interest ratio ("days to cover") of 5.4.
Change versus previous month
Short interest in NBT Bancorp has recently decreased by 3.54%, indicating that investor sentiment is improving.

4.2

Dividend Strength

Dividend Yield
NBT Bancorp pays a meaningful dividend of 2.65%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
NBT Bancorp has been increasing its dividend for 11 years.
Dividend Coverage
The dividend payout ratio of NBT Bancorp is 49.42%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, NBT Bancorp will have a dividend payout ratio of 39.51% next year. This indicates that NBT Bancorp will be able to sustain or increase its dividend.
Read more about NBT Bancorp's dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NBTB.

2.8

News and Social Media Coverage

News Sentiment
NBT Bancorp has a news sentiment score of 0.10. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 26 news articles for NBT Bancorp this week, compared to 2 articles on an average week.
Search Interest
1 people have searched for NBTB on MarketBeat in the last 30 days.
MarketBeat Follows
1 people have added NBT Bancorp to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, NBT Bancorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $47,249.00 in company stock.
Percentage Held by Insiders
Only 3.32% of the stock of NBT Bancorp is held by insiders.
Percentage Held by Institutions
58.46% of the stock of NBT Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Read more about NBT Bancorp's insider trading history.

2.5

Earnings and Valuation

Earnings Growth
Earnings for NBT Bancorp are expected to grow by 14.89% in the coming year, from $2.82 to $3.24 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of NBT Bancorp is 19.24, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.95.
Price to Earnings Ratio vs. Sector
The P/E ratio of NBT Bancorp is 19.24, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 56.20.
Price to Book Value per Share Ratio
NBT Bancorp has a P/B Ratio of 1.61. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
Read more about NBT Bancorp's valuation and earnings.

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About NBT Bancorp Stock (NASDAQ:NBTB)

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. It also provides trust and investment services; financial planning and life insurance services; and retirement plan administration and recordkeeping services. In addition, the company offers insurance products comprising personal property and casualty, business liability, and commercial insurance, as well as other products and services through 24-hour online, mobile, and telephone channels that enable customers to check balances, make deposits, transfer funds, pay bills, access statements, apply for loans, and access various other products and services. Further, it operates as a property management and passive investment company, as well as investment advisor that provides investment management and financial consulting services. The company operates in upstate New York, northeastern Pennsylvania, southern New Hampshire, western Massachusetts, Vermont, southern Maine, and central and northwestern Connecticut. NBT Bancorp Inc. was founded in 1856 and is headquartered in Norwich, New York.

NBTB Stock Price History

30 days | 90 days | 365 days | Advanced Chart

NBTB Stock News Headlines

July 26 at 5:09 PM | finance.yahoo.com

NBT Bancorp's (NASDAQ:NBTB) Dividend Will Be Increased To $0.34

July 26 at 8:22 AM | americanbankingnews.com

NBT Bancorp (NASDAQ:NBTB) Cut to "Equal Weight" at Stephens

July 26, 2024 | Traders Agency (Ad)

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July 25 at 9:36 AM | americanbankingnews.com

NBT Bancorp (NASDAQ:NBTB) Reaches New 1-Year High Following Dividend Announcement

July 25 at 4:38 AM | americanbankingnews.com

NBT Bancorp (NASDAQ:NBTB) Rating Reiterated by Stephens

July 24 at 9:25 AM | americanbankingnews.com

NBT Bancorp Inc. (NASDAQ:NBTB) to Issue Dividend Increase - $0.34 Per Share

July 24 at 7:10 AM | americanbankingnews.com

NBT Bancorp (NASDAQ:NBTB) Downgraded by Raymond James

July 23 at 12:20 PM | americanbankingnews.com

NBT Bancorp (NASDAQ:NBTB) Issues Earnings Results

July 26, 2024 | Traders Agency (Ad)

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July 23 at 10:36 AM | americanbankingnews.com

NBT Bancorp (NASDAQ:NBTB) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

July 23 at 9:39 AM | seekingalpha.com

NBT Bancorp Inc. 2024 Q2 - Results - Earnings Call Presentation

July 22, 2024 | gurufocus.com

NBT Bancorp Inc (NBTB) Q2 2024 Earnings: EPS of $0.69, Revenue Hits $43.3 Million

July 22, 2024 | globenewswire.com

NBT Bancorp Inc. Announces Second Quarter 2024 Results and Approves a 6.3% Cash Dividend Increase

July 20, 2024 | americanbankingnews.com

NBT Bancorp (NBTB) Scheduled to Post Earnings on Monday

July 18, 2024 | americanbankingnews.com

NBT Bancorp (NASDAQ:NBTB) Sets New 52-Week High at $44.34

July 1, 2024 | globenewswire.com

NBT Bancorp Inc. Announces Date of Second Quarter Conference Call

May 21, 2024 | globenewswire.com

NBT Bancorp Inc. Announces Cash Dividend

May 21, 2024 | globenewswire.com

NBT Bancorp Inc. Completes Leadership Transition

See More Headlines

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Company Calendar

Ex-Dividend for 6/17 Dividend: 5/31/2024
Dividend Payable: 6/17/2024
Last Earnings: 7/22/2024
Today: 7/26/2024
Ex-Dividend for 9/13 Dividend: 8/30/2024
Dividend Payable: 9/13/2024
Next Earnings (Estimated): 10/22/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: National commercial banks
Sub-Industry: Regional Banks
Current Symbol: NASDAQ:NBTB
CUSIP: 62877810
CIK: 790359
Web: www.nbtbancorp.com
Phone: (607) 337-2265
Fax: 302-636-5454
Employees: 2,034
Year Founded: 1999

Price Target and Rating

Average Stock Price Target: $42.60
High Stock Price Target: $49.00
Low Stock Price Target: $39.00
Potential Upside/Downside: -14.1%
Consensus Rating: Hold
Rating Score (0-4): 2.40
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.59
Trailing P/E Ratio: 19.14
Forward P/E Ratio: 17.58
P/E Growth: N/A
Net Income: $118.78 million
Net Margins: 16.15%
Pretax Margin: 20.80%
Return on Equity: 9.64%
Return on Assets: 1.01%

Debt

Debt-to-Equity Ratio: 0.17
Current Ratio: 0.87
Quick Ratio: 0.86

Sales & Book Value

Annual Sales: $664.97 million
Price / Sales: 3.52
Cash Flow: $3.71 per share
Price / Cash Flow: 13.36
Book Value: $31.01 per share
Price / Book: 1.60

Miscellaneous

Outstanding Shares: 47,150,000
Free Float: 45,584,000
Market Cap: $2.34 billion
Optionable: Optionable
Beta: 0.52

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Key Executives

Mr. John H. Watt Jr. (Age 66)
President, CEO & Director
Comp: $1.25M
Mr. Scott A. Kingsley CPA (Age 59)
Executive VP & CFO
Comp: $604.25k
Mr. Joseph R. Stagliano (Age 55)
Executive VP, President of Retail Community Banking & Chief Information Officer
Comp: $509.76k
Mr. Martin Randolph Sparks (Age 65)
Executive VP, General Counsel, Chief Ethics Officer & Corporate Secretary
Comp: $566.48k
Ms. Ruth H. Mahoney (Age 56)
EVP, President of Wealth Management & Regional President for the Capital District and North Country
Comp: $518.83k
Mr. Kenneth J. Entenmann C.F.A.
Senior VP, Chief Investment Officer & Chief Economist
Ms. Annette L. Burns (Age 50)
Senior VP & Chief Accounting Officer
Comp: $418.21k
Ms. Florence R. Doller
Senior VP & Director of Corporate Communications
Ms. Shaunastar M. Hyle
Executive Vice President of Consumer Lending
Mr. Leonard P. Chinski
Senior VP & Director of Audit

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

NBTB Stock Analysis - Frequently Asked Questions

How have NBTB shares performed this year?: NBT Bancorp's stock was trading at $41.91 at the start of the year. Since then, NBTB shares have increased by 18.9% and is now trading at $49.84.
View the best growth stocks for 2024 here.
How were NBT Bancorp's earnings last quarter?: NBT Bancorp Inc. (NASDAQ:NBTB) announced its quarterly earnings results on Monday, July, 22nd. The bank reported $0.69 EPS for the quarter, missing analysts' consensus estimates of $0.70 by $0.01. The bank had revenue of $194 million for the quarter, compared to analyst estimates of $139.02 million. NBT Bancorp had a trailing twelve-month return on equity of 9.64% and a net margin of 16.15%.
What is Martin A. Dietrich's approval rating as NBT Bancorp's CEO?: 22 employees have rated NBT Bancorp Chief Executive Officer Martin A. Dietrich on Glassdoor.com. Martin A. Dietrich has an approval rating of 80% among the company's employees.
Who are NBT Bancorp's major shareholders?: Top institutional shareholders of NBT Bancorp include Bank of New York Mellon Corp (1.34%), Ceredex Value Advisors LLC (0.47%), Raymond James & Associates (0.19%) and CWM LLC (0.05%). Insiders that own company stock include Martin A Dietrich, Timothy E Delaney, Lowell A Seifter, Sarah A Halliday, Scott Allen Kingsley, Amy Wiles, Shaunastar Hyle, Jason David Brown and Heidi M Hoeller.
View institutional ownership trends.
How do I buy shares of NBT Bancorp?: Shares of NBTB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
What other stocks do shareholders of NBT Bancorp own?: Based on aggregate information from My MarketBeat watchlists, some other companies that NBT Bancorp investors own include AT&T (T), AbbVie (ABBV), Bank of America (BAC), Cisco Systems (CSCO), Verizon Communications (VZ), Exxon Mobil (XOM) and Bank of New York Mellon (BK).