News headlines about NBT Bancorp (NASDAQ:NBTB) have been trending somewhat positive on Monday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news 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 news sentiment score of 0.13 on Accern’s scale. Accern also gave news stories about the bank an impact score of 46.3266096665598 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Several brokerages recently weighed in on NBTB. Piper Jaffray Companies upgraded NBT Bancorp from an “underweight” rating to a “neutral” rating and set a $35.50 target price for the company in a report on Thursday, June 8th. BidaskClub cut NBT Bancorp from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Zacks Investment Research cut NBT Bancorp from a “buy” rating to a “hold” rating in a report on Friday. Finally, ValuEngine cut NBT Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The company has an average rating of “Hold” and a consensus target price of $36.00.
NBT Bancorp (NASDAQ:NBTB) traded up 1.77% on Monday, reaching $32.70. The company’s stock had a trading volume of 33,949 shares. The firm has a 50-day moving average of $34.12 and a 200-day moving average of $36.81. NBT Bancorp has a one year low of $31.28 and a one year high of $42.56. The company has a market capitalization of $1.42 billion, a PE ratio of 17.58 and a beta of 0.90.
NBT Bancorp (NASDAQ:NBTB) last released its quarterly earnings results on Monday, July 24th. The bank reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The company had revenue of $99.93 million during the quarter, compared to analyst estimates of $100.91 million. NBT Bancorp had a return on equity of 8.81% and a net margin of 19.68%. During the same quarter last year, the business posted $0.46 earnings per share. Analysts predict that NBT Bancorp will post $1.95 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a dividend of $0.23 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.92 annualized dividend and a dividend yield of 2.86%. NBT Bancorp’s dividend payout ratio (DPR) is presently 49.46%.
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.
Receive News & Ratings for NBT Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NBT Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.