NBT Bancorp - NBTB Stock Forecast, Price & News

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 commercial and industrial, commercial real estate, agricultural, and commercial construction loans; indirect and direct consumer, home equity, mortgages, business banking loans, and commercial loans; and residential real estate loans. It also provides trust and investment services; financial planning and life insurance services; and retirement plan consulting 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. As of December 31, 2021, it had 140 branches and 164 ATMs in New York, Pennsylvania, Vermont, Massachusetts, New Hampshire, Connecticut, and Maine. NBT Bancorp Inc. was founded in 1856 and is headquartered in Norwich, New York.

NBT Bancorp Trading Up 1.6 %

Shares of NBT Bancorp stock traded up $0.66 during trading on Friday, reaching $41.99. The company's stock had a trading volume of 94,731 shares, compared to its average volume of 132,573. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.17. NBT Bancorp has a 52-week low of $33.02 and a 52-week high of $42.33. The firm's 50-day moving average is $38.39 and its two-hundred day moving average is $37.60. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 12.00 and a beta of 0.56.

NBT Bancorp (NASDAQ:NBTB - Get Rating) last posted its quarterly earnings results on Monday, July 25th. The bank reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.04. NBT Bancorp had a net margin of 29.56% and a return on equity of 12.53%. During the same quarter last year, the business earned $0.93 earnings per share. On average, sell-side analysts anticipate that NBT Bancorp will post 3.41 earnings per share for the current year.

NBT Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be paid a $0.30 dividend. This is a boost from NBT Bancorp's previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Wednesday, August 31st. NBT Bancorp's payout ratio is 32.00%.

Insider Buying and Selling at NBT Bancorp

In related news, EVP Shaunastar Hyle sold 1,264 shares of NBT Bancorp stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $40.11, for a total value of $50,699.04. Following the transaction, the executive vice president now directly owns 16,083 shares of the company's stock, valued at $645,089.13. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.55% of the company's stock.