Brokers expect NBT Bancorp Inc. (NASDAQ:NBTB) to post EPS of $0.81
Brokers expect NBT Bancorp Inc. (NASDAQ:NBTB – Get a rating) to post earnings per share (EPS) of $0.81 for the current fiscal quarter, according to Zacks Investment Research. Three analysts provided earnings estimates for NBT Bancorp. The lowest EPS estimate is $0.78 and the highest is $0.85. NBT Bancorp posted earnings of $0.93 per share in the same quarter last year, which would indicate a negative 12.9% year-over-year growth rate. The company is expected to announce its next results on Monday, January 1.
On average, analysts expect NBT Bancorp to report annual earnings of $3.28 per share for the current fiscal year, with EPS estimates ranging from $3.22 to $3.35. For next year, analysts expect the company to post earnings of $3.30 per share, with EPS estimates ranging from $3.10 to $3.50. Zacks EPS averages are an average average based on a survey of research analysts who provide coverage for NBT Bancorp.
NBT Bancorp (NASDAQ:NBTB – Get a rating) last released its quarterly earnings data on Monday, April 25. The bank reported earnings per share (EPS) of $0.91 for the quarter, beating the consensus estimate of $0.78 by $0.13. NBT Bancorp had a return on equity of 12.66% and a net margin of 30.64%. The company posted revenue of $123.01 million for the quarter, versus $120.91 million expected by analysts. During the same period a year earlier, the company posted EPS of $0.92.
Several research analysts have weighed in on the company recently. StockNews.com assumed coverage on NBT Bancorp in a Thursday, March 31 report. They set a “hold” rating on the stock. Zacks Investment Research upgraded NBT Bancorp from a “buy” rating to a “hold” rating in a Tuesday, May 31, report.
NBTB stock traded down $0.68 during Friday’s trading, hitting $35.85. The stock had a trading volume of 119,671 shares, compared to an average volume of 156,957. The company has a leverage ratio of 0.18, a current ratio of 0.82 and a quick ratio of 0.82. . NBT Bancorp has a 12-month low of $32.66 and a 12-month high of $42.33. The stock has a market capitalization of $1.54 billion, a P/E ratio of 10.13 and a beta of 0.58. The company’s 50-day moving average price is $36.12 and its two-hundred-day moving average price is $37.63.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15. Investors of record on Wednesday, June 1 will receive a dividend of $0.28. This represents a dividend of $1.12 on an annualized basis and a yield of 3.12%. The ex-dividend date is Tuesday, May 31. NBT Bancorp’s dividend payout ratio is currently 31.64%.
In other news, CFO Scott Allen Kingsley bought 3,000 shares of the company in a trade on Wednesday, April 27. The shares were purchased at an average price of $35.60 per share, with a total value of $106,800.00. Following completion of the transaction, the CFO now directly owns 17,215 shares of the company, valued at $612,854. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. Company insiders hold 3.55% of the company’s stock.
Several institutional investors have recently bought and sold shares of NBTB. Wells Fargo & Company MN increased its position in NBT Bancorp shares by 42.7% during the second quarter. Wells Fargo & Company MN now owns 44,861 shares of the bank worth $1,614,000 after acquiring 13,418 additional shares during the period. Morgan Stanley increased its stake in NBT Bancorp shares by 43.8% during the second quarter. Morgan Stanley now owns 216,145 shares of the bank worth $7,775,000 after buying an additional 65,816 shares last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of NBT Bancorp during the third quarter worth $694,000. Invesco Ltd. increased its stake in NBT Bancorp shares by 1.9% during the third quarter. Invesco Ltd. now owns 122,849 shares of the bank worth $4,438,000 after purchasing an additional 2,324 shares last quarter. Finally, Balyasny Asset Management LLC acquired a new position in shares of NBT Bancorp during the third quarter worth $401,000. 55.74% of the shares are currently held by institutional investors and hedge funds.
NBT Bancorp Company Profile (Get a rating)
NBT Bancorp Inc, a financial holding company, provides commercial banking, retail banking and wealth management services. Its deposit products include demand deposits, savings, negotiable withdrawal orders, money market deposits and certificates of deposit accounts. The Company’s loan portfolio includes commercial and industrial, commercial real estate, agricultural and commercial construction loans; indirect and direct consumers, home equity, mortgages, business bank loans and commercial loans; and residential real estate loans.
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