Analysts Anticipate NBT Bancorp Inc. (NBTB) Will Post Earnings of $0.62 Per Share
Brokerages expect NBT Bancorp Inc. (NASDAQ:NBTB) to post earnings per share of $0.62 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for NBT Bancorp’s earnings. NBT Bancorp reported earnings of $0.49 per share during the same quarter last year, which indicates a positive year over year growth rate of 26.5%. The company is scheduled to issue its next earnings results on Monday, July 23rd.
On average, analysts expect that NBT Bancorp will report full year earnings of $2.47 per share for the current financial year, with EPS estimates ranging from $2.45 to $2.48. For the next year, analysts forecast that the business will post earnings of $2.62 per share, with EPS estimates ranging from $2.61 to $2.62. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for NBT Bancorp.
NBT Bancorp (NASDAQ:NBTB) last announced its quarterly earnings data on Monday, April 23rd. The bank reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.01. NBT Bancorp had a return on equity of 9.69% and a net margin of 19.99%. The firm had revenue of $104.76 million during the quarter, compared to analyst estimates of $104.14 million. During the same period last year, the company posted $0.46 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year.
Shares of NBT Bancorp opened at $38.10 on Tuesday, according to Marketbeat Ratings. NBT Bancorp has a one year low of $31.28 and a one year high of $40.47. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 19.34 and a beta of 0.84. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.84 and a quick ratio of 0.84.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.62%. This is a positive change from NBT Bancorp’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, May 31st. NBT Bancorp’s payout ratio is currently 46.70%.
Several institutional investors have recently made changes to their positions in the company. NBT Bank N A NY lifted its holdings in shares of NBT Bancorp by 0.8% during the 1st quarter. NBT Bank N A NY now owns 243,197 shares of the bank’s stock valued at $7,991,000 after buying an additional 1,895 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of NBT Bancorp by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 334,132 shares of the bank’s stock valued at $11,855,000 after buying an additional 8,337 shares during the last quarter. Xact Kapitalforvaltning AB lifted its holdings in shares of NBT Bancorp by 47.4% during the 1st quarter. Xact Kapitalforvaltning AB now owns 11,195 shares of the bank’s stock valued at $397,000 after buying an additional 3,600 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of NBT Bancorp by 2.2% during the 1st quarter. Legal & General Group Plc now owns 89,043 shares of the bank’s stock valued at $3,167,000 after buying an additional 1,877 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of NBT Bancorp by 34.7% during the 1st quarter. Millennium Management LLC now owns 261,943 shares of the bank’s stock valued at $9,294,000 after buying an additional 67,485 shares during the last quarter. Institutional investors and hedge funds own 51.19% of the company’s stock.
NBT Bancorp 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 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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