In yesterday’s Wall Street session, NBT Bancorp. Inc. (NASDAQ:NBTB) shares traded at $36.68, down -0.16% from the previous session.
NBTB stock price is now 3.82% away from the 50-day moving average and 3.75% away from the 200-day moving average. The market capitalization of the company currently stands at $1.73B.
On June 06, 2023, Raymond James Downgraded its previous ‘Strong Buy’ rating to ‘Outperform’ on the stock reducing its target price from $47 to quote $38, while ‘Keefe Bruyette’ rates the stock as ‘Mkt Perform’
In other news, Wiles Amy, EVP, Chief Risk and Credit sold 641 shares of the company’s stock on Mar 15 ’24. The stock was sold for $21,550 at an average price of $33.62. Upon completion of the transaction, the EVP, Chief Risk and Credit now directly owns 21,934 shares in the company, valued at $0.8 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 05 ’24, EVP & Chief Financial Officer Kingsley Scott Allen bought 1,000 shares of the business’s stock. A total of $34,000 was incurred on buying the stock at an average price of $34.00. This leaves the insider owning 26,513 shares of the company worth $0.97 million. A total of 2.42% of the company’s stock is owned by insiders.
During the past 12 months, NBT Bancorp. Inc. has had a low of $27.52 and a high of $43.77. The fifty day moving average price for NBTB is $35.33 and a two-hundred day moving average price translates $35.35 for the stock.
The latest earnings results from NBT Bancorp. Inc. (NASDAQ: NBTB) was released for Dec, 2023. According to the Banks – Regional Company, earnings per share came in at $0.72, missing analysts’ expectations of $0.75 by -0.03. This compares to $0.84 EPS in the same period last year. The net profit margin was 17.86% and return on equity was 9.14% for NBTB. The company reported revenue of $150.91 million for the quarter, compared to $109.17 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 38.24 percent. For the current quarter, analysts expect NBTB to generate $136.36M in revenue.
NBT Bancorp. Inc.(NBTB) 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 indirect and direct consumer, home equity, mortgages, business banking loans, and commercial loans; commercial and industrial, commercial real estate, agricultural, and commercial construction loans; and residential real estate loans. It also provides trust and investment services; financial planning and life insurance services; and retirement plan administration and recordkeeping services. In addition, the company offers insurance products comprising personal property and casualty, business liability, and commercial insurance, as well as other products and services through 24-hour online, mobile, and telephone channels that enable customers to check balances, make deposits, transfer funds, pay bills, access statements, apply for loans, and access various other products and services. Further, it operates as a property management and passive investment company, as well as investment advisor that provides investment management and financial consulting services. The company operates in upstate New York, northeastern Pennsylvania, southern New Hampshire, western Massachusetts, Vermont, southern Maine, and central and northwestern Connecticut. NBT Bancorp Inc. was founded in 1856 and is headquartered in Norwich, New York.
