NBT Bancorp (NBTB) Getting Somewhat Positive Media Coverage, Analysis Finds
News articles about NBT Bancorp (NASDAQ:NBTB) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded 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 0.13 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 45.9564403284659 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of NBT Bancorp (NASDAQ NBTB) opened at $36.93 on Friday. NBT Bancorp has a 1 year low of $31.28 and a 1 year high of $42.56. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $1,580.42, a PE ratio of 18.91 and a beta of 0.90.
NBT Bancorp (NASDAQ:NBTB) last issued its earnings results on Tuesday, October 24th. The bank reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.02. NBT Bancorp had a return on equity of 9.01% and a net margin of 20.02%. The company had revenue of $102.71 million during the quarter, compared to the consensus estimate of $101.31 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. The company’s revenue was up 6.6% compared to the same quarter last year. research analysts expect that NBT Bancorp will post 2 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Thursday, November 30th. NBT Bancorp’s payout ratio is 47.92%.
NBT Bancorp announced that its Board of Directors has authorized a stock buyback program on Monday, October 23rd that authorizes the company to repurchase 1,000,000 shares. This repurchase authorization authorizes the bank to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
NBTB has been the subject of a number of research reports. Piper Jaffray Companies reissued a “hold” rating and set a $35.00 price target on shares of NBT Bancorp in a research report on Sunday, September 17th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $38.50 price target on shares of NBT Bancorp in a research report on Tuesday, July 25th. Zacks Investment Research downgraded NBT Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, September 8th. BidaskClub downgraded NBT Bancorp from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Finally, ValuEngine raised NBT Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $37.38.
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In other news, Director V Daniel Robinson II sold 25,000 shares of the company’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $38.58, for a total value of $964,500.00. Following the completion of the sale, the director now owns 10,141 shares of the company’s stock, valued at $391,239.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 65,000 shares of company stock valued at $2,509,900 in the last ninety days. Company insiders own 2.83% of the company’s stock.
About NBT Bancorp
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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