NBT Bancorp Inc. (NASDAQ:NBTB)‘s stock had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies in a research note issued on Sunday. They currently have a $35.00 target price on the bank’s stock. Piper Jaffray Companies’ price target points to a potential upside of 1.19% from the stock’s current price.

A number of other analysts have also recently issued reports on the company. BidaskClub raised NBT Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Zacks Investment Research raised NBT Bancorp from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Tuesday, June 27th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $38.50 target price on shares of NBT Bancorp in a research report on Tuesday, July 25th. Finally, ValuEngine raised NBT Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $36.00.

NBT Bancorp (NASDAQ NBTB) opened at 34.59 on Friday. NBT Bancorp has a 52 week low of $31.28 and a 52 week high of $42.56. The stock has a 50 day moving average price of $33.75 and a 200 day moving average price of $36.48. The stock has a market capitalization of $1.51 billion, a PE ratio of 18.60 and a beta of 0.90.

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

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A number of institutional investors have recently bought and sold shares of NBTB. Bank of Montreal Can lifted its position in NBT Bancorp by 26.0% during the 1st quarter. Bank of Montreal Can now owns 2,931 shares of the bank’s stock worth $109,000 after acquiring an additional 604 shares during the period. Russell Investments Group Ltd. lifted its position in NBT Bancorp by 254.5% during the 1st quarter. Russell Investments Group Ltd. now owns 20,208 shares of the bank’s stock worth $749,000 after acquiring an additional 14,508 shares during the period. Wells Fargo & Company MN lifted its position in NBT Bancorp by 0.6% during the 1st quarter. Wells Fargo & Company MN now owns 40,684 shares of the bank’s stock worth $1,508,000 after acquiring an additional 225 shares during the period. Great West Life Assurance Co. Can lifted its position in NBT Bancorp by 7.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 61,881 shares of the bank’s stock worth $2,291,000 after acquiring an additional 4,259 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in NBT Bancorp by 28.9% during the 1st quarter. Bank of New York Mellon Corp now owns 796,715 shares of the bank’s stock worth $29,534,000 after acquiring an additional 178,423 shares during the period. 49.20% of the stock is owned by 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.

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