NBT Bancorp (NBTB) Scheduled to Post Earnings on Monday

NBT Bancorp (NASDAQ:NBTB) is scheduled to be announcing its earnings results after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $0.78 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

NBT Bancorp Stock Down 1.9 %

NBT Bancorp stock opened at $43.58 on Friday. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 16.89 and a beta of 0.50. The stock has a fifty day simple moving average of $45.42 and a two-hundred day simple moving average of $41.33. NBT Bancorp has a 12 month low of $32.47 and a 12 month high of $50.83. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NBTB shares. Stephens reissued an “equal weight” rating and issued a $49.00 target price on shares of NBT Bancorp in a report on Tuesday, September 10th. Raymond James lowered NBT Bancorp from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 24th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $42.60.

Insider Transactions at NBT Bancorp

In other news, EVP Amy Wiles sold 556 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $45.00, for a total value of $25,020.00. Following the transaction, the executive vice president now directly owns 28,909 shares in the company, valued at $1,300,905. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, EVP Amy Wiles sold 556 shares of NBT Bancorp stock in a transaction on Monday, September 16th. The stock was sold at an average price of $45.00, for a total transaction of $25,020.00. Following the transaction, the executive vice president now directly owns 28,909 shares in the company, valued at approximately $1,300,905. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director V Daniel Robinson II sold 20,000 shares of NBT Bancorp stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $44.10, for a total value of $882,000.00. Following the transaction, the director now owns 517,558 shares in the company, valued at $22,824,307.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,556 shares of company stock worth $4,527,790 in the last ninety days. Insiders own 3.32% 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 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.