NBT Bancorp Inc. (NBTB) Scheduled to Post Earnings on Monday
NBT Bancorp Inc. (NASDAQ:NBTB) is scheduled to be releasing its earnings data after the market closes on Monday, October 23rd. Analysts expect NBT Bancorp to post earnings of $0.50 per share for the quarter.
NBT Bancorp (NASDAQ:NBTB) last announced its quarterly earnings data on Monday, July 24th. The bank reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. NBT Bancorp had a net margin of 19.68% and a return on equity of 8.81%. The firm had revenue of $99.93 million during the quarter, compared to analysts’ expectations of $100.91 million. During the same quarter last year, the business earned $0.46 earnings per share. On average, analysts expect NBT Bancorp to post $1.96 EPS for the current fiscal year and $2.11 EPS for the next fiscal year.
Shares of NBT Bancorp Inc. (NASDAQ NBTB) opened at 37.38 on Monday. The company has a 50 day moving average of $35.03 and a 200 day moving average of $36.15. NBT Bancorp Inc. has a 52 week low of $31.28 and a 52 week high of $42.56. The firm has a market cap of $1.63 billion, a PE ratio of 20.10 and a beta of 0.91.
Several equities research analysts recently weighed in on NBTB shares. Boenning Scattergood raised shares of NBT Bancorp from an “under perform” rating to a “neutral” rating in a report on Tuesday, August 15th. Zacks Investment Research raised shares of NBT Bancorp from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Friday, July 28th. BidaskClub downgraded shares of NBT Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $35.00 price objective on shares of NBT Bancorp in a report on Sunday, September 17th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $38.50 price target on shares of NBT Bancorp in a 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 company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $35.88.
ILLEGAL ACTIVITY WARNING: This news story was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of international trademark and copyright laws. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/10/16/nbt-bancorp-inc-nbtb-scheduled-to-post-earnings-on-monday.html.
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.