Somewhat Favorable Media Coverage Somewhat Unlikely to Affect NBT Bancorp (NBTB) Share Price
News stories about NBT Bancorp (NASDAQ:NBTB) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates 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 negative one to one, with scores closest to one being the most favorable. NBT Bancorp earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave media stories about the bank an impact score of 45.9458714782407 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of equities analysts have weighed in on NBTB shares. Boenning Scattergood upgraded shares of NBT Bancorp from an “under perform” rating to a “neutral” rating in a research report on Tuesday, August 15th. Zacks Investment Research upgraded shares of NBT Bancorp from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Friday, July 28th. BidaskClub cut shares of NBT Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Piper Jaffray Companies restated a “hold” rating and set a $35.00 price objective on shares of NBT Bancorp in a research report on Sunday, September 17th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $38.50 price objective on shares of NBT Bancorp in a research report on Tuesday, July 25th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The company has an average rating of “Hold” and a consensus target price of $35.88.
Shares of NBT Bancorp (NASDAQ NBTB) traded down 1.17% during midday trading on Tuesday, hitting $37.24. 50,078 shares of the stock were exchanged. NBT Bancorp has a 12-month low of $31.28 and a 12-month high of $42.56. The firm has a 50-day moving average price of $35.03 and a 200 day moving average price of $36.15. The firm has a market cap of $1.62 billion, a PE ratio of 20.02 and a beta of 0.91.
NBT Bancorp (NASDAQ:NBTB) last released its quarterly earnings data on Monday, July 24th. The bank reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. NBT Bancorp had a net margin of 19.68% and a return on equity of 8.81%. The business had revenue of $99.93 million for the quarter, compared to analyst estimates of $100.91 million. During the same period in the previous year, the firm earned $0.46 EPS. Analysts predict that NBT Bancorp will post $1.95 earnings per share for the current fiscal year.
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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