NBT Bancorp Inc. (NASDAQ:NBTB)‘s stock had its “hold” rating reaffirmed by equities researchers at Piper Jaffray Companies in a report issued on Sunday. They presently have a $35.00 price target on the bank’s stock. Piper Jaffray Companies’ target price would suggest a potential upside of 2.28% from the stock’s previous close.

A number of other brokerages also recently commented on NBTB. Zacks Investment Research upgraded shares of NBT Bancorp from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research note on Saturday, June 10th. BidaskClub raised shares of NBT Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, June 9th. ValuEngine raised shares of NBT Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $38.50 price target on shares of NBT Bancorp in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $36.00.

NBT Bancorp (NASDAQ NBTB) opened at 34.22 on Friday. NBT Bancorp has a 52 week low of $31.28 and a 52 week high of $42.56. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 18.40 and a beta of 0.90. The company has a 50-day moving average price of $33.79 and a 200-day moving average price of $36.59.

NBT Bancorp (NASDAQ:NBTB) last issued its earnings results on Monday, July 24th. The bank reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $99.93 million during the quarter, compared to the consensus estimate of $100.91 million. NBT Bancorp had a net margin of 19.68% and a return on equity of 8.81%. During the same quarter in the previous year, the firm posted $0.46 earnings per share. Equities research analysts anticipate that NBT Bancorp will post $1.95 EPS for the current year.

WARNING: “NBT Bancorp Inc. (NBTB) Receives Hold Rating from Piper Jaffray Companies” was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2017/09/17/nbt-bancorp-inc-nbtb-receives-hold-rating-from-piper-jaffray-companies.html.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can lifted its position in NBT Bancorp by 26.0% in the first quarter. Bank of Montreal Can now owns 2,931 shares of the bank’s stock valued at $109,000 after acquiring an additional 604 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in NBT Bancorp in the first quarter valued at $136,000. Biondo Investment Advisors LLC purchased a new stake in NBT Bancorp in the second quarter valued at $201,000. National Planning Corp purchased a new stake in NBT Bancorp in the second quarter valued at $219,000. Finally, Amalgamated Bank lifted its position in NBT Bancorp by 1.1% in the second quarter. Amalgamated Bank now owns 5,814 shares of the bank’s stock valued at $215,000 after acquiring an additional 66 shares during the last quarter. 49.20% of the stock is owned by hedge funds and other institutional investors.

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.

Receive News & Ratings for NBT Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NBT Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.