NBT Bancorp Inc. (NASDAQ:NBTB) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of NBT Bancorp Inc. (NASDAQ:NBTB) have earned an average rating of “Moderate Buy” from the five ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $41.20.

Several analysts have recently commented on the stock. Janney Montgomery Scott raised shares of NBT Bancorp from a “neutral” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Thursday, March 21st. Piper Sandler decreased their price target on shares of NBT Bancorp from $42.00 to $41.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. Stephens reissued an “overweight” rating and set a $42.00 price objective on shares of NBT Bancorp in a research report on Tuesday, April 23rd. Finally, Keefe, Bruyette & Woods reduced their target price on NBT Bancorp from $41.00 to $39.00 and set a “market perform” rating for the company in a research note on Wednesday, April 24th.

NBT Bancorp Stock Performance

Shares of NBTB opened at $37.70 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17. The firm’s fifty day simple moving average is $35.22 and its two-hundred day simple moving average is $36.48. NBT Bancorp has a 12 month low of $30.31 and a 12 month high of $43.77. The stock has a market capitalization of $1.78 billion, a P/E ratio of 14.56 and a beta of 0.52.

NBT Bancorp (NASDAQ:NBTB) last announced its earnings results on Tuesday, April 23rd. The bank reported $0.68 EPS for the quarter, beating the consensus estimate of $0.67 by $0.01. The company had revenue of $192.33 million for the quarter, compared to analyst estimates of $135.01 million. NBT Bancorp had a return on equity of 10.20% and a net margin of 16.71%. During the same quarter in the prior year, the company earned $0.88 EPS. As a group, analysts predict that NBT Bancorp will post 2.82 EPS for the current year.

Hedge Funds Weigh In On NBT Bancorp

Large investors have recently added to or reduced their stakes in the business. Longfellow Investment Management Co. LLC bought a new position in shares of NBT Bancorp in the third quarter valued at approximately $27,000. Register Financial Advisors LLC bought a new position in NBT Bancorp during the 1st quarter valued at $27,000. Blue Trust Inc. boosted its holdings in NBT Bancorp by 69.9% during the 4th quarter. Blue Trust Inc. now owns 671 shares of the bank’s stock worth $28,000 after acquiring an additional 276 shares during the last quarter. Asset Dedication LLC purchased a new position in NBT Bancorp during the 3rd quarter worth $37,000. Finally, Bare Financial Services Inc bought a new stake in shares of NBT Bancorp in the 4th quarter worth $98,000. Institutional investors own 58.46% of the company’s stock.

NBT Bancorp Company Profile

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 indirect and direct consumer, home equity, mortgages, business banking loans, and commercial loans; commercial and industrial, commercial real estate, agricultural, and commercial construction loans; and residential real estate loans.