Somewhat Positive News Coverage Somewhat Unlikely to Impact NBT Bancorp (NBTB) Stock Price
News coverage about NBT Bancorp (NASDAQ:NBTB) has trended somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of 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 0.19 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 46.0633890633909 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
NBTB has been the subject of several recent research reports. BidaskClub raised NBT Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Zacks Investment Research raised NBT Bancorp from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Tuesday, June 27th. Piper Jaffray Companies raised NBT Bancorp from an “underweight” rating to a “neutral” rating and set a $35.50 price target for the company in a research note on Thursday, June 8th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $38.50 target price on shares of NBT Bancorp in a report on Tuesday, July 25th. Finally, ValuEngine upgraded NBT Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. NBT Bancorp currently has a consensus rating of “Hold” and an average price target of $36.75.
NBT Bancorp (NASDAQ:NBTB) traded down 0.31% during midday trading on Wednesday, reaching $32.63. The company had a trading volume of 45,122 shares. NBT Bancorp has a 52-week low of $31.75 and a 52-week high of $42.56. The company’s 50-day moving average is $35.32 and its 200 day moving average is $37.39. The company has a market cap of $1.42 billion, a PE ratio of 17.54 and a beta of 0.88.
NBT Bancorp (NASDAQ:NBTB) last released its earnings results on Monday, July 24th. The bank reported $0.49 earnings per share (EPS) for the quarter, beating the 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 period in the prior year, the company posted $0.46 earnings per share. On average, equities research analysts forecast 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. Stockholders of record on Friday, September 1st will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Wednesday, August 30th. NBT Bancorp’s dividend payout ratio is presently 49.46%.
In other news, Director John C. Mitchell sold 1,438 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $35.48, for a total value of $51,020.24. Following the completion of the transaction, the director now directly owns 32,781 shares of the company’s stock, valued at $1,163,069.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.83% of the company’s stock.
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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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