NBT Bancorp (NBTB) set to announce quarterly results on Monday

NBT Bancorp (NASDAQ:NBTB – Get a rating) will announce its results after the market closes on Monday, July 25. Analysts expect the company to report earnings of $0.83 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

NBT Bancorp (NASDAQ:NBTB – Get a rating) last released its quarterly earnings data on Monday, April 25. The bank reported EPS of $0.91 for the quarter, beating the consensus estimate of $0.78 by $0.13. NBT Bancorp had a return on equity of 12.66% and a net margin of 30.64%. The company posted revenue of $123.01 million for the quarter, versus analyst estimates of $120.91 million. During the same period last year, the company posted earnings per share of $0.92. On average, analysts expect NBT Bancorp to post EPS of $3 for the current fiscal year and EPS of $3 for the next fiscal year.

NBT Bancorp is trading up 2.4%

NASDAQ: NBTB opened at $38.35 on Monday. The company’s 50-day moving average is $36.90 and its two-hundred-day moving average is $37.61. The company has a debt ratio of 0.18, a current ratio of 0.82 and a quick ratio of 0.82. NBT Bancorp has a 12-month low of $32.66 and a 12-month high of $42.33. The company has a market capitalization of $1.64 billion, a PE ratio of 10.83 and a beta of 0.54.

NBT Bancorp announces dividend

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The company also recently announced a quarterly dividend, which was paid on Wednesday, June 15. Shareholders of record on Wednesday, June 1 received a dividend of $0.28 per share. This represents a dividend of $1.12 on an annualized basis and a dividend yield of 2.92%. The ex-dividend date was Tuesday, May 31. NBT Bancorp’s payout ratio is 31.64%.

Insider buying and selling

In other news, CFO Scott Allen Kingsley bought 3,000 shares of the company in a transaction that took place on Wednesday, April 27. The shares were acquired at an average cost of $35.60 per share, for a total transaction of $106,800.00. Following the completion of the purchase, the CFO now owns 17,215 shares of the company, valued at $612,854. The purchase was disclosed in a document filed with the SEC, accessible via this hyperlink. Insiders hold 3.55% of the shares of the company.

Hedge funds weigh on NBT Bancorp

Hedge funds and other institutional investors have recently changed their positions in the company. Invesco Ltd. increased its position in NBT Bancorp by 163.7% in the 1st quarter. Invesco Ltd. now owns 316,061 shares of the bank worth $11,420,000 after acquiring an additional 196,226 shares during the period. State Street Corp increased its stake in NBT Bancorp shares by 9.1% in the first quarter. State Street Corp now owns 1,909,226 shares of the bank worth $68,980,000 after buying an additional 159,606 shares last quarter. BlackRock Inc. increased its stake in NBT Bancorp shares by 0.9% in the first quarter. BlackRock Inc. now owns 6,393,473 shares of the bank worth $230,994,000 after buying an additional 56,332 shares last quarter. Dimensional Fund Advisors LP increased its stake in NBT Bancorp shares by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,925,034 shares of the bank worth $69,552,000 after buying an additional 53,026 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in NBT Bancorp shares by 1.1% in the first quarter. Vanguard Group Inc. now owns 4,766,151 shares of the bank worth $172,201,000 after buying an additional 51,889 shares last quarter. 55.74% of the shares are currently held by institutional investors and hedge funds.

Analysts set new price targets

Separately, StockNews.com began covering NBT Bancorp in a research report on Thursday, March 31. They have set a “holding” rating on the stock.

NBT Bancorp Company Profile

(Get a rating)

NBT Bancorp Inc, a financial holding company, provides commercial banking, retail banking and wealth management services. Its deposit products include demand deposits, savings, negotiable withdrawal orders, money market deposits and certificates of deposit accounts. The Company’s loan portfolio includes commercial and industrial, commercial real estate, agricultural and commercial construction loans; indirect and direct consumers, home equity, mortgages, business bank loans and commercial loans; and residential real estate loans.

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Earnings History for NBT Bancorp (NASDAQ:NBTB)

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