NBT Bancorp Inc. (NBTB)
NASDAQ (NGS) NASDAQ (NGS) Primary 
NBT Bancorp (NBTB) Q3 Earnings and Revenues Surpass Estimates
NBT Bancorp (NBTB) came out with quarterly earnings of $0.80 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.84 per share a year ago.
NBT Bancorp (NBTB) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
NBT (NBTB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
What Makes NBT (NBTB) a New Strong Buy Stock
NBT (NBTB) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
NBT Bancorp Inc. (NBTB) Q2 2024 Earnings Call Transcript
NBT Bancorp Inc. (NASDAQ:NBTB ) Q2 2024 Earnings Conference Call July 23, 2024 10:00 AM ET Company Participants Scott Kingsley – President and Chief Executive Officer Annette Burns – Chief Financial Officer Joe Stagliano – President-NBT Bank, N.A. Conference Call Participants Matthew Breese – Stephens Inc. Christopher O'Connell – KBW Operator Good day, everyone.
NBT (NBTB) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
Although the revenue and EPS for NBT (NBTB) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
NBT Bancorp (NBTB) Q2 Earnings Lag Estimates
NBT Bancorp (NBTB) came out with quarterly earnings of $0.69 per share, missing the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.80 per share a year ago.
Swiss National Bank Sells 11,000 Shares of NBT Bancorp Inc. (NASDAQ:NBTB)
Swiss National Bank decreased its position in shares of NBT Bancorp Inc. (NASDAQ:NBTB – Free Report) by 10.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,800 shares of the bank’s stock after selling 11,000 shares during the quarter. Swiss National Bank owned about 0.20% of NBT Bancorp worth $3,889,000 as of its most recent filing with the Securities & Exchange Commission. A number of other institutional investors also recently modified their holdings of NBTB. Blue Trust Inc. grew its position in NBT Bancorp by 69.9% in the 4th quarter. Blue Trust Inc. now owns 671 shares of the bank’s stock valued at $28,000 after purchasing an additional 276 shares during the period. Longfellow Investment Management Co. LLC bought a new stake in shares of NBT Bancorp during the third quarter worth about $27,000. Asset Dedication LLC acquired a new stake in shares of NBT Bancorp in the 3rd quarter worth about $37,000. Naples Money Management LLC bought a new position in NBT Bancorp in the 4th quarter valued at about $156,000. Finally, Ascent Wealth Partners LLC acquired a new position in NBT Bancorp during the 4th quarter valued at about $204,000. 58.46% of the stock is owned by institutional investors and hedge funds. Analysts Set New Price Targets NBTB has been the topic of a number of recent research reports. Stephens restated an “overweight” rating and issued a $42.00 target price on shares of NBT Bancorp in a report on Tuesday, April 23rd. Piper Sandler dropped their price objective on NBT Bancorp from $42.00 to $41.00 and set an “overweight” rating on the stock in a research note on Thursday, January 25th. Janney Montgomery Scott upgraded shares of NBT Bancorp from a “neutral” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Thursday, March 21st. Finally, Keefe, Bruyette & Woods dropped their price target on shares of NBT Bancorp from $41.00 to $39.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $41.20. View Our Latest Stock Analysis on NBTB NBT Bancorp Trading Up 1.1 % NASDAQ NBTB opened at $38.25 on Monday. The business’s fifty day moving average is $35.57 and its 200-day moving average is $36.75. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 14.77 and a beta of 0.52. NBT Bancorp Inc. has a one year low of $30.31 and a one year high of $43.77. NBT Bancorp (NASDAQ:NBTB – Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.68 EPS for the quarter, topping the consensus estimate of $0.67 by $0.01. NBT Bancorp had a net margin of 16.71% and a return on equity of 10.20%. The business had revenue of $192.33 million for the quarter, compared to analyst estimates of $135.01 million. During the same quarter in the previous year, the firm posted $0.88 earnings per share. Equities research analysts predict that NBT Bancorp Inc. will post 2.82 EPS for the current year. About NBT Bancorp (Free Report) 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. Read More Five stocks we like better than NBT Bancorp Profitably Trade Stocks at 52-Week Highs MarketBeat Week in Review – 5/13 – 5/17 About the Markup Calculator Take-Two Interactive Software Offers 2nd Chance for Investors What Investors Need to Know to Beat the Market Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook
