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 Stock Performance

Shares of NASDAQ:NBTB traded up $0.66 during trading on Friday, reaching $41.99. 94,731 shares of the company traded hands, compared to its average volume of 156,087. The firm has a 50 day simple moving average of $38.30 and a 200-day simple moving average of $37.58. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $1.80 billion, a PE ratio of 11.95 and a beta of 0.56. NBT Bancorp has a 52-week low of $33.02 and a 52-week high of $42.33.

NBT Bancorp (NASDAQ:NBTB - Get Rating) last announced its quarterly earnings results on Monday, July 25th. The bank reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 in the prior year, the firm posted $0.93 EPS. Equities research analysts anticipate that NBT Bancorp will post 3.41 earnings per share for the current year.

NBT Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be issued a $0.30 dividend. This is an increase from NBT Bancorp's previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, August 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.86%. NBT Bancorp's dividend payout ratio (DPR) is presently 32.00%.

Insider Buying and Selling

In related news, EVP Shaunastar Hyle sold 1,264 shares of the firm's stock in a transaction that occurred 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 owns 16,083 shares of the company's stock, valued at $645,089.13. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.55% of the stock is currently owned by insiders.