NBT Bancorp Inc. (NBTB) Set to Announce Earnings on Monday
NBT Bancorp Inc. (NASDAQ:NBTB) is scheduled to post its quarterly earnings results after the market closes on Monday, July 24th. Analysts expect NBT Bancorp to post earnings of $0.48 per share for the quarter.
NBT Bancorp (NASDAQ:NBTB) last posted its quarterly earnings results on Monday, April 24th. The bank reported $0.46 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.46. NBT Bancorp had a net margin of 19.58% and a return on equity of 8.75%. The business had revenue of $97.20 million for the quarter, compared to analysts’ expectations of $97.54 million. During the same period in the prior year, the company posted $0.43 EPS. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, analysts expect NBT Bancorp to post $1.95 EPS for the current fiscal year and $2.16 EPS for the next fiscal year.
NBT Bancorp Inc. (NASDAQ:NBTB) opened at 36.35 on Friday. NBT Bancorp Inc. has a 1-year low of $29.23 and a 1-year high of $42.56. The stock’s 50 day moving average is $36.97 and its 200-day moving average is $38.54. The firm has a market capitalization of $1.58 billion, a PE ratio of 19.86 and a beta of 0.88.
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NBTB has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of NBT Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Zacks Investment Research upgraded shares of NBT Bancorp from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Thursday, April 27th. Finally, Piper Jaffray Companies upgraded shares of NBT Bancorp from an “underweight” rating to a “neutral” rating and set a $35.50 price objective on the stock in a research note on Thursday, June 8th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $34.25.
In related news, Director John C. Mitchell sold 1,438 shares of NBT Bancorp stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $35.48, for a total transaction of $51,020.24. Following the transaction, the director now directly owns 32,781 shares of the company’s stock, valued at $1,163,069.88. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John C. Mitchell sold 1,570 shares of NBT Bancorp stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $36.27, for a total value of $56,943.90. Following the transaction, the director now directly owns 34,219 shares in the company, valued at $1,241,123.13. The disclosure for this sale can be found here. 2.83% of the stock is owned by insiders.
NBT Bancorp Company Profile
NBT Bancorp Inc is a financial holding company. The Company conducts its business through NBT Bank, National Association (the Bank) and also through its other subsidiaries, which includes providing commercial banking and financial services to customers in its market area, including central and upstate New York, northeastern Pennsylvania, southern New Hampshire, western Massachusetts, Vermont and Portland, Maine area.
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