NBT Bancorp Inc. (NASDAQ:NBTB) Expected to Post Earnings of $0.81 Per Share

Equities research analysts expect NBT Bancorp Inc. (NASDAQ:NBTBGet Rating) to announce earnings per share (EPS) of $0.81 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for NBT Bancorp’s earnings. The lowest EPS estimate is $0.78 and the highest is $0.85. NBT Bancorp reported earnings of $0.93 per share during the same quarter last year, which indicates a negative year over year growth rate of 12.9%. The business is scheduled to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that NBT Bancorp will report full-year earnings of $3.23 per share for the current fiscal year, with EPS estimates ranging from $3.12 to $3.35. For the next year, analysts expect that the company will post earnings of $3.23 per share, with EPS estimates ranging from $3.08 to $3.50. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for NBT Bancorp.

NBT Bancorp (NASDAQ:NBTBGet Rating) last issued its quarterly earnings results on Monday, April 25th. The bank reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.13. NBT Bancorp had a net margin of 30.64% and a return on equity of 12.66%. During the same quarter in the previous year, the firm earned $0.92 EPS.

Separately, StockNews.com assumed coverage on shares of NBT Bancorp in a research note on Thursday, March 31st. They set a “hold” rating on the stock.

Shares of NBTB stock traded down $0.71 during trading hours on Friday, reaching $35.20. 217,975 shares of the stock were exchanged, compared to its average volume of 166,029. The business’s fifty day moving average is $36.94 and its two-hundred day moving average is $37.83. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.82 and a quick ratio of 0.84. NBT Bancorp has a 12-month low of $32.66 and a 12-month high of $42.33. The firm has a market capitalization of $1.51 billion, a P/E ratio of 9.94 and a beta of 0.61.

In related news, CFO Scott Allen Kingsley purchased 3,000 shares of the company’s stock in a transaction on Wednesday, April 27th. The shares were bought at an average cost of $35.60 per share, for a total transaction of $106,800.00. Following the completion of the purchase, the chief financial officer now directly owns 17,215 shares of the company’s stock, valued at approximately $612,854. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.55% of the company’s stock.

A number of institutional investors have recently made changes to their positions in NBTB. Point72 Hong Kong Ltd purchased a new position in shares of NBT Bancorp during the third quarter worth approximately $35,000. Joseph P. Lucia & Associates LLC purchased a new position in shares of NBT Bancorp during the first quarter worth approximately $108,000. SG Americas Securities LLC purchased a new position in shares of NBT Bancorp during the third quarter worth approximately $146,000. CIBC Asset Management Inc purchased a new position in shares of NBT Bancorp during the fourth quarter worth approximately $216,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new position in shares of NBT Bancorp during the third quarter worth approximately $220,000. Institutional investors own 54.25% of the company’s stock.

NBT Bancorp Company Profile (Get Rating)

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.

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Earnings History and Estimates for NBT Bancorp (NASDAQ:NBTB)

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