Media stories about NBT Bancorp (NASDAQ:NBTB) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by analyzing more than 20 million blog and news sources. 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 coverage optimism score of 0.17 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 47.0770761098931 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
NASDAQ:NBTB traded down $0.18 during midday trading on Friday, hitting $39.43. 35,666 shares of the company traded hands, compared to its average volume of 66,362. NBT Bancorp has a 12-month low of $31.28 and a 12-month high of $41.88. The firm has a market capitalization of $1.73 billion, a PE ratio of 20.02 and a beta of 0.89. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 0.85.
NBT Bancorp (NASDAQ:NBTB) last released its quarterly earnings results on Monday, July 23rd. The bank reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.02. NBT Bancorp had a return on equity of 10.30% and a net margin of 20.92%. The company had revenue of $109.90 million for the quarter, compared to analyst estimates of $108.45 million. During the same quarter in the prior year, the firm posted $0.49 EPS. NBT Bancorp’s quarterly revenue was up 10.0% compared to the same quarter last year. equities analysts forecast that NBT Bancorp will post 2.53 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 31st will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, August 30th. This represents a $1.00 annualized dividend and a yield of 2.54%. NBT Bancorp’s payout ratio is presently 50.76%.
NBTB has been the topic of several recent research reports. Zacks Investment Research upgraded NBT Bancorp from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Saturday, April 28th. Boenning Scattergood restated a “hold” rating on shares of NBT Bancorp in a report on Wednesday, April 25th. Finally, BidaskClub upgraded NBT Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, June 6th. Six equities research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average target price of $39.13.
In related news, EVP Joseph R. Stagliano sold 5,500 shares of the stock in a transaction on Thursday, July 26th. The stock was sold at an average price of $41.45, for a total transaction of $227,975.00. Following the sale, the executive vice president now owns 59,737 shares in the company, valued at approximately $2,476,098.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.23% of the company’s stock.
About NBT Bancorp
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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