$123.57 Million in Sales Expected for NBT Bancorp Inc. (NASDAQ:NBTB) This Quarter

Brokerages expect NBT Bancorp Inc. (NASDAQ:NBTBGet Rating) to post sales of $123.57 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for NBT Bancorp’s earnings. The highest sales estimate is $126.00 million and the lowest is $121.20 million. NBT Bancorp posted sales of $118.49 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.3%. The business is scheduled to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that NBT Bancorp will report full-year sales of $493.00 million for the current financial year, with estimates ranging from $487.10 million to $501.40 million. For the next financial year, analysts expect that the company will report sales of $515.53 million, with estimates ranging from $506.60 million to $532.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for NBT Bancorp.

NBT Bancorp (NASDAQ:NBTBGet Rating) last released its quarterly earnings data on Monday, April 25th. The bank reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.13. NBT Bancorp had a return on equity of 12.66% and a net margin of 30.64%. During the same period last year, the business earned $0.92 EPS.

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

In related news, CFO Scott Allen Kingsley acquired 3,000 shares of the stock in a transaction on Wednesday, April 27th. The shares were purchased at an average price of $35.60 per share, for a total transaction of $106,800.00. Following the purchase, the chief financial officer now directly owns 17,215 shares in the company, valued at $612,854. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.55% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in NBT Bancorp by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,872,008 shares of the bank’s stock worth $72,109,000 after purchasing an additional 24,983 shares during the last quarter. State Street Corp raised its position in NBT Bancorp by 1.0% during the 4th quarter. State Street Corp now owns 1,749,620 shares of the bank’s stock worth $67,395,000 after purchasing an additional 17,805 shares during the last quarter. Bank of New York Mellon Corp raised its position in NBT Bancorp by 0.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 597,535 shares of the bank’s stock worth $21,582,000 after purchasing an additional 3,306 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in NBT Bancorp by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 412,568 shares of the bank’s stock worth $15,893,000 after purchasing an additional 10,688 shares during the last quarter. Finally, Norges Bank bought a new position in NBT Bancorp during the 4th quarter worth $12,304,000. 54.25% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ NBTB opened at $35.20 on Monday. The firm has a market cap of $1.51 billion, a P/E ratio of 9.94 and a beta of 0.61. The company has a current ratio of 0.82, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. NBT Bancorp has a 1-year low of $32.66 and a 1-year high of $42.33. The business’s 50 day moving average is $36.94 and its 200-day moving average is $37.84.

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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