NBT Bancorp (NBTB) Getting Positive News Coverage, Analysis Finds
Media coverage about NBT Bancorp (NASDAQ:NBTB) has been trending positive on Tuesday, according to InfoTrie Sentiment. The research group ranks the sentiment of media coverage by monitoring more than 6,000 blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. NBT Bancorp earned a coverage optimism score of 2.83 on their scale. InfoTrie also gave media stories about the bank an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock’s share price in the immediate future.
Shares of NASDAQ NBTB traded up $0.01 during midday trading on Tuesday, reaching $38.11. The company’s stock had a trading volume of 3,283 shares, compared to its average volume of 96,410. NBT Bancorp has a 12-month low of $34.05 and a 12-month high of $41.88. The company has a market capitalization of $1.68 billion, a PE ratio of 19.35 and a beta of 0.83. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.18.
NBT Bancorp (NASDAQ:NBTB) last announced its earnings results on Monday, October 22nd. The bank reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. NBT Bancorp had a return on equity of 10.91% and a net margin of 21.87%. The firm had revenue of $110.91 million for the quarter, compared to the consensus estimate of $110.87 million. During the same quarter in the previous year, the business earned $0.52 EPS. The company’s revenue was up 8.0% compared to the same quarter last year. As a group, research analysts expect that NBT Bancorp will post 2.55 EPS for the current fiscal year.
A number of equities analysts have issued reports on NBTB shares. Zacks Investment Research upgraded NBT Bancorp from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Friday, October 26th. BidaskClub upgraded NBT Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, August 24th. Finally, Boenning Scattergood restated a “hold” rating on shares of NBT Bancorp in a research note on Wednesday, July 25th. Five research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average price target of $39.50.
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NBT Bancorp Company Profile
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 commercial, commercial real estate, agricultural, agricultural real estate, and business banking loans; consumer loans, such as indirect, home equity, and direct loans; and residential real estate mortgages, as well as real estate construction and development loans.
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