Analysts Set Expectations for NBT Bancorp FY2025 Earnings

NBT Bancorp Inc. (NASDAQ:NBTB) – Equities researchers at DA Davidson reduced their FY2025 EPS estimates for NBT Bancorp in a research report issued on Tuesday, July 1st. DA Davidson analyst M. Navas now forecasts that the bank will earn $3.41 per share for the year, down from their previous forecast of $3.45. DA Davidson has a “Buy” rating and a $53.00 price target on the stock. The consensus estimate for NBT Bancorp’s current full-year earnings is $3.69 per share.

A number of other research firms have also issued reports on NBTB. Hovde Group began coverage on shares of NBT Bancorp in a report on Friday, March 21st. They set a “market perform” rating and a $50.00 price target on the stock. Wall Street Zen lowered shares of NBT Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, May 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, NBT Bancorp presently has an average rating of “Hold” and an average price target of $52.75.

NBT Bancorp Stock Up 0.9%

NBTB stock opened at $43.85 on Thursday. NBT Bancorp has a 52-week low of $37.31 and a 52-week high of $52.44. The company’s 50 day simple moving average is $42.24 and its 200-day simple moving average is $44.17. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market capitalization of $2.07 billion, a P/E ratio of 14.52 and a beta of 0.57.

NBT Bancorp (NASDAQ:NBTB) last released its earnings results on Thursday, April 24th. The bank reported $0.80 EPS for the quarter, beating the consensus estimate of $0.76 by $0.04. NBT Bancorp had a net margin of 17.99% and a return on equity of 9.57%. The business had revenue of $155.31 million during the quarter, compared to analyst estimates of $151.00 million. During the same period in the prior year, the business earned $0.68 earnings per share.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Leigh Baldwin & CO. LLC bought a new stake in shares of NBT Bancorp during the 4th quarter worth $52,606,000. Silvercrest Asset Management Group LLC bought a new stake in shares of NBT Bancorp during the 4th quarter worth $38,978,000. Northern Trust Corp boosted its holdings in shares of NBT Bancorp by 4.9% during the 4th quarter. Northern Trust Corp now owns 726,413 shares of the bank’s stock worth $34,693,000 after buying an additional 33,855 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of NBT Bancorp by 4.7% during the 1st quarter. Victory Capital Management Inc. now owns 697,879 shares of the bank’s stock worth $29,939,000 after buying an additional 31,317 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of NBT Bancorp by 12.5% during the 4th quarter. Bank of New York Mellon Corp now owns 683,253 shares of the bank’s stock worth $32,632,000 after buying an additional 75,693 shares during the period. Institutional investors and hedge funds own 58.46% of the company’s stock.

Insider Activity at NBT Bancorp

In related news, Director Heidi M. Hoeller acquired 2,588 shares of the company’s stock in a transaction on Tuesday, May 6th. The shares were purchased at an average price of $42.88 per share, for a total transaction of $110,973.44. Following the purchase, the director owned 11,578 shares in the company, valued at $496,464.64. This represents a 28.79% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John H. Watt, Jr. sold 7,869 shares of the stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $42.02, for a total transaction of $330,655.38. Following the transaction, the director owned 116,027 shares in the company, valued at approximately $4,875,454.54. This trade represents a 6.35% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders acquired 5,491 shares of company stock worth $235,674. Company insiders own 3.03% of the company’s stock.

NBT Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.34 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.36 annualized dividend and a yield of 3.10%. NBT Bancorp’s dividend payout ratio is presently 45.03%.

About NBT Bancorp

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.