NBT Bancorp (NASDAQ:NBTB) Receives Daily News Sentiment Score of 0.21
Press coverage about NBT Bancorp (NASDAQ:NBTB) has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. NBT Bancorp earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 33 out of 100, meaning that recent news coverage is unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Chicopee Bancorp (CBNK) Getting Favorable Media Coverage, Report Shows (campdesrecrues.com)
- NBT Bancorp Inc. (NBTB) Rating Increased to Hold at BidaskClub (americanbankingnews.com)
- Brokerages Anticipate NBT Bancorp Inc. (NBTB) to Announce $0.49 Earnings Per Share (americanbankingnews.com)
- NBT Bancorp Inc. (NBTB) Upgraded to “Buy” by Zacks Investment Research (americanbankingnews.com)
Shares of NBT Bancorp (NASDAQ NBTB) traded up 2.693% during mid-day trading on Monday, hitting $37.945. The stock had a trading volume of 93,227 shares. The stock’s 50-day moving average is $36.76 and its 200-day moving average is $39.01. NBT Bancorp has a 1-year low of $27.31 and a 1-year high of $42.56. The firm has a market capitalization of $1.65 billion, a PE ratio of 20.735 and a beta of 0.88.
NBT Bancorp (NASDAQ:NBTB) last issued its quarterly earnings data on Monday, April 24th. The bank reported $0.46 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.46. NBT Bancorp had a return on equity of 8.75% and a net margin of 19.58%. The company had revenue of $97.20 million during the quarter, compared to the consensus estimate of $97.54 million. During the same period last year, the company earned $0.43 earnings per share. The firm’s revenue was up 4.6% compared to the same quarter last year. Equities analysts expect that NBT Bancorp will post $1.94 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were given a dividend of $0.23 per share. The ex-dividend date was Tuesday, May 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.44%. NBT Bancorp’s dividend payout ratio (DPR) is 50.27%.
Several brokerages have weighed in on NBTB. Zacks Investment Research raised NBT Bancorp from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Tuesday, June 27th. BidaskClub cut NBT Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Finally, Piper Jaffray Companies raised NBT Bancorp from an “underweight” rating to a “neutral” rating and set a $35.50 price target for the company in a research note on Thursday, June 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $34.25.
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In other NBT Bancorp news, Director John C. Mitchell sold 1,570 shares of NBT Bancorp stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $36.27, for a total value of $56,943.90. Following the completion of the sale, the director now directly owns 34,219 shares in the company, valued at $1,241,123.13. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John C. Mitchell sold 1,438 shares of NBT Bancorp stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $35.48, for a total value of $51,020.24. Following the completion of the sale, the director now owns 32,781 shares of the company’s stock, valued at $1,163,069.88. The disclosure for this sale can be found here. 2.83% of the stock is owned by company 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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