NBT Bancorp (NBTB) Stock Forecast, Price & News

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

4 equities research analysts have issued 1 year price objectives for NBT Bancorp's stock. Their NBTB share price forecasts range from $35.00 to $42.00. On average, they predict the company's share price to reach $38.63 in the next twelve months. This suggests a possible upside of 25.3% 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 on January 1st, 2023. Since then, NBTB shares have decreased by 29.0% and is now trading at $30.83.
View the best growth stocks for 2023 here.

NBT Bancorp saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 903,300 shares, a drop of 33.1% from the August 15th total of 1,350,000 shares. Based on an average daily volume of 204,200 shares, the days-to-cover ratio is currently 4.4 days. Currently, 2.2% of the shares of the stock are short sold.
View NBT Bancorp's Short Interest.

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) posted its earnings results on Monday, July, 31st. The bank reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.04. The bank earned $121.13 million during the quarter, compared to analyst estimates 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. Investors 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 annualized dividend and a dividend yield of 4.15%. The ex-dividend date of this dividend is Thursday, August 31st. This is a boost 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 4.09%. 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 number of retail and institutional investors. Top institutional investors 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.
View institutional ownership trends.

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 $30.83.

NBT Bancorp (NASDAQ:NBTB) has a market capitalization of $1.32 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.