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

Equities research analysts predict that NBT Bancorp Inc. (NASDAQ:NBTBGet Rating) will report sales of $123.57 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for NBT Bancorp’s earnings. The highest sales estimate is $126.00 million and the lowest is $121.20 million. NBT Bancorp reported sales of $118.49 million during the same quarter last year, which would suggest a positive year over year growth rate of 4.3%. The firm is scheduled to announce its next 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 year, with estimates ranging from $487.10 million to $501.40 million. For the next year, analysts anticipate that the business will report sales of $515.53 million, with estimates ranging from $506.60 million to $532.90 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow NBT Bancorp.

NBT Bancorp (NASDAQ:NBTBGet Rating) last announced its quarterly earnings data on Monday, April 25th. The bank reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.13. The firm had revenue of $123.01 million during the quarter, compared to analyst estimates of $120.91 million. NBT Bancorp had a return on equity of 12.66% and a net margin of 30.64%. During the same period last year, the company earned $0.92 earnings per share.

Separately, StockNews.com started coverage on NBT Bancorp in a research report on Thursday, March 31st. They issued a “hold” rating for the company.

In other NBT Bancorp news, CFO Scott Allen Kingsley acquired 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 27th. The stock was acquired at an average cost of $35.60 per share, for a total transaction of $106,800.00. Following the transaction, the chief financial officer now owns 17,215 shares of the company’s stock, valued at $612,854. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.55% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NBTB. Norges Bank bought a new stake in NBT Bancorp in the 4th quarter valued at approximately $12,304,000. Invesco Ltd. lifted its stake in NBT Bancorp by 163.7% in the 1st quarter. Invesco Ltd. now owns 316,061 shares of the bank’s stock valued at $11,420,000 after acquiring an additional 196,226 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in NBT Bancorp by 433.7% in the 4th quarter. JPMorgan Chase & Co. now owns 203,791 shares of the bank’s stock valued at $7,851,000 after acquiring an additional 165,609 shares in the last quarter. State Street Corp lifted its stake in NBT Bancorp by 9.1% in the 1st quarter. State Street Corp now owns 1,909,226 shares of the bank’s stock valued at $68,980,000 after acquiring an additional 159,606 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its stake in NBT Bancorp by 1,054.3% in the 3rd quarter. Two Sigma Advisers LP now owns 80,800 shares of the bank’s stock valued at $2,918,000 after acquiring an additional 73,800 shares in the last quarter. Hedge funds and other institutional investors own 55.74% of the company’s stock.

Shares of NBTB stock opened at $35.94 on Monday. The stock has a 50-day moving average price of $36.26 and a 200 day moving average price of $37.72. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.18. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 10.15 and a beta of 0.58. NBT Bancorp has a 12 month low of $32.66 and a 12 month high of $42.33.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st will be given a dividend of $0.28 per share. The ex-dividend date is Tuesday, May 31st. This represents a $1.12 annualized dividend and a dividend yield of 3.12%. NBT Bancorp’s payout ratio is currently 31.64%.

About NBT Bancorp (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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