NBT Bancorp (NBTB) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for NBT Bancorp in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" NBTB shares.
View NBTB analyst ratings or view top-rated stocks.

4 Wall Street research analysts have issued 12 month price targets for NBT Bancorp's shares. Their NBTB share price forecasts range from $35.00 to $42.00. On average, they expect the company's stock price to reach $38.63 in the next twelve months. This suggests a possible upside of 25.7% from the stock's current price.
View analysts price targets for NBTB or view top-rated stocks among Wall Street analysts.

NBT Bancorp's stock was trading at $43.42 at the start of the year. Since then, NBTB stock has decreased by 29.2% and is now trading at $30.74.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our NBTB earnings forecast.

NBT Bancorp Inc. (NASDAQ:NBTB) released its earnings results on Monday, July, 31st. The bank reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.04. The bank earned $121.13 million during the quarter, compared to analysts' expectations of $126.11 million. NBT Bancorp had a net margin of 24.02% and a trailing twelve-month return on equity of 12.53%.

NBT Bancorp declared a quarterly dividend on Monday, August 14th. Shareholders of record on Friday, September 1st will be given a dividend of $0.32 per share on Friday, September 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date is Thursday, August 31st. This is a positive change from the stock's previous quarterly dividend of $0.30.
Read our dividend analysis for NBTB.

ETFs with the largest weight of NBT Bancorp (NASDAQ:NBTB) stock in their portfolio include Invesco S&P SmallCap Low Volatility ETF (XSLV) and First Trust NASDAQ ABA Community Bank Index Fund (QABA).SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV).

NBT Bancorp (NASDAQ:NBTB) pays an annual dividend of $1.28 per share and currently has a dividend yield of 4.17%. NBTB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 39.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NBTB will have a dividend payout ratio of 40.38% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NBTB.

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.

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

NBT Bancorp trades on the NASDAQ under the ticker symbol "NBTB."

NBT Bancorp's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.65%), Dimensional Fund Advisors LP (4.89%), State Street Corp (4.15%), Geode Capital Management LLC (2.03%), Northern Trust Corp (1.64%) and Goldman Sachs Group Inc. (1.27%). Insiders that own company stock include Amy Wiles, Catherine Scarlett, Heidi M Hoeller, Jack H Webb, Jason David Brown, Martin A Dietrich, Matthew K Durkee, Scott Allen Kingsley, Shaunastar Hyle and Timothy E Delaney.
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Shares of NBTB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NBTB stock can currently be purchased for approximately $30.74.

NBT Bancorp (NASDAQ:NBTB) has a market capitalization of $1.31 billion and generates $539.65 million in revenue each year. The bank earns $151.99 million in net income (profit) each year or $3.22 on an earnings per share basis.

The company employs 1,861 workers across the globe.

NBT Bancorp's mailing address is 52 S BROAD ST, NORWICH NY, 13815. The official website for the company is www.nbtbancorp.com. The bank can be reached via phone at (607) 337-2265, via email at info@nbtbci.com, or via fax at 302-636-5454.