NBT Bancorp (NBTB) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for NBT Bancorp in the last year. There are currently 1 hold rating and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" NBTB shares.
View NBTB analyst ratings or view top-rated stocks.

2 Wall Street analysts have issued twelve-month price targets for NBT Bancorp's stock. Their NBTB share price forecasts range from $37.50 to $47.00. On average, they expect the company's share price to reach $42.17 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 beginning of the year. Since then, NBTB shares have decreased by 22.7% and is now trading at $33.55.
View the best growth stocks for 2023 here.

NBT Bancorp saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,170,000 shares, an increase of 27.2% from the April 30th total of 920,100 shares. Based on an average trading volume of 217,200 shares, the short-interest ratio is presently 5.4 days. Approximately 2.8% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, July 24th 2023.
View our NBTB earnings forecast.

NBT Bancorp Inc. (NASDAQ:NBTB) issued its quarterly earnings data on Monday, October, 25th. The bank reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.05. The bank earned $118 million during the quarter, compared to the consensus estimate of $120.37 million. NBT Bancorp had a trailing twelve-month return on equity of 12.91% and a net margin of 26.24%. During the same period in the prior year, the company earned $0.80 EPS.

NBT Bancorp announced a quarterly dividend on Tuesday, May 16th. Stockholders of record on Thursday, June 1st will be paid a dividend of $0.30 per share on Thursday, June 15th. This represents a $1.20 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend is Wednesday, May 31st.
Read our dividend analysis for NBTB.

ETFs with the largest weight of NBT Bancorp (NASDAQ:NBTB) stock in their portfolio include Cambria Value and Momentum ETF (VAMO), Invesco S&P SmallCap Low Volatility ETF (XSLV), First Trust NASDAQ ABA Community Bank Index Fund (QABA), Invesco S&P SmallCap Financials ETF (PSCF), Invesco Raymond James SB-1 Equity ETF (RYJ), iShares US Small Cap Value Factor ETF (SVAL), Invesco S&P SmallCap 600 Pure Growth ETF (RZG) and SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV).

NBT Bancorp (NASDAQ:NBTB) pays an annual dividend of $1.20 per share and currently has a dividend yield of 3.44%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 35.29%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NBTB will have a dividend payout ratio of 35.19% 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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.74%), Dimensional Fund Advisors LP (4.74%), State Street Corp (4.27%), Geode Capital Management LLC (1.98%), Bank of New York Mellon Corp (1.17%) and Charles Schwab Investment Management Inc. (1.05%). Insiders that own company stock include Catherine Scarlett, Heidi M Hoeller, Jack H Webb, Jason David Brown, Joseph A Santangelo, Martin A Dietrich, Matthew K Durkee, Scott Allen Kingsley, Shaunastar Hyle, Timothy E Delaney and V Daniel Robinson II.
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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 $33.55.

NBT Bancorp (NASDAQ:NBTB) has a market capitalization of $1.44 billion and generates $539.65 million in revenue each year. The bank earns $151.99 million in net income (profit) each year or $3.40 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.