NBT Bancorp Inc. (NASDAQ:NBTB) is scheduled to be releasing its earnings data after the market closes on Monday, July 24th. Analysts expect NBT Bancorp to post earnings of $0.48 per share for the quarter.
NBT Bancorp (NASDAQ:NBTB) last issued its earnings results on Monday, April 24th. The bank reported $0.46 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.46. NBT Bancorp had a return on equity of 8.75% and a net margin of 19.58%. The company had revenue of $97.20 million for the quarter, compared to analyst estimates of $97.54 million. During the same period in the prior year, the firm earned $0.43 earnings per share. NBT Bancorp’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, analysts expect NBT Bancorp to post $1.95 EPS for the current fiscal year and $2.16 EPS for the next fiscal year.
NBT Bancorp Inc. (NBTB) opened at 36.35 on Friday. The stock’s 50 day moving average price is $36.97 and its 200-day moving average price is $38.54. NBT Bancorp Inc. has a 12 month low of $29.23 and a 12 month high of $42.56. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 19.86 and a beta of 0.88.
Several equities research analysts recently weighed in on NBTB shares. Zacks Investment Research lowered NBT Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, March 29th. Piper Jaffray Companies upgraded NBT Bancorp from an “underweight” rating to a “neutral” rating and set a $35.50 price target on the stock in a research report on Thursday, June 8th. Finally, BidaskClub upgraded NBT Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, June 9th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $34.25.
In other NBT Bancorp news, Director John C. Mitchell sold 1,570 shares of the business’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $36.27, for a total value of $56,943.90. Following the sale, the director now directly owns 34,219 shares of the company’s stock, valued at $1,241,123.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John C. Mitchell sold 1,438 shares of the business’s stock in a transaction 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 sale, the director now directly owns 32,781 shares in the company, valued at $1,163,069.88. The disclosure for this sale can be found here. Insiders own 2.83% of the company’s stock.
TRADEMARK VIOLATION WARNING: This story was originally reported by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this story on another domain, it was illegally copied and republished in violation of United States and international copyright & trademark law. The legal version of this story can be accessed at https://stocknewstimes.com/2017/07/22/nbt-bancorp-inc-nbtb-to-release-earnings-on-monday.html.
NBT Bancorp Company Profile
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.
