NBTB

NBT BancorpNasdaqGS:NBTB Stock Report

Market Cap

US$1.5b

7D

1.5%

1Y

19.5%

Updated

18 Sep, 2021

Data

Company Financials +
NBTB fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends5/6

NBTB Overview

NBT Bancorp Inc., a financial holding company, provides commercial banking, retail banking, and wealth management services.

NBT Bancorp Competitors

Price History & Performance

Summary of all time highs, changes and price drops for NBT Bancorp
Historical stock prices
Current Share PriceUS$34.38
52 Week HighUS$26.10
52 Week LowUS$42.79
Beta0.69
1 Month Change-4.45%
3 Month Change-4.92%
1 Year Change19.54%
3 Year Change-13.58%
5 Year Change4.95%
Change since IPO414.95%

Recent News & Updates

Aug 03
NBT Bancorp's (NASDAQ:NBTB) Shareholders Will Receive A Bigger Dividend Than Last Year

NBT Bancorp's (NASDAQ:NBTB) Shareholders Will Receive A Bigger Dividend Than Last Year

The board of NBT Bancorp Inc. ( NASDAQ:NBTB ) has announced that it will be increasing its dividend on the 15th of...

Jun 21
Does NBT Bancorp (NASDAQ:NBTB) Deserve A Spot On Your Watchlist?

Does NBT Bancorp (NASDAQ:NBTB) Deserve A Spot On Your Watchlist?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Shareholder Returns

NBTBUS BanksUS Market
7D1.5%0.9%-0.6%
1Y19.5%63.3%33.8%

Return vs Industry: NBTB underperformed the US Banks industry which returned 62.5% over the past year.

Return vs Market: NBTB underperformed the US Market which returned 33.6% over the past year.

Price Volatility

Is NBTB's price volatile compared to industry and market?
NBTB volatility
NBTB Beta0.69
Industry Beta1.37
Market Beta1

Stable Share Price: NBTB is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: NBTB's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18561,812John Watthttps://www.nbtbancorp.com

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 and industrial, commercial real estate, agricultural, and commercial construction loans; indirect and direct consumer, home equity, mortgages, business banking loans, and commercial loans; and residential real estate loans.

Valuation

Is NBT Bancorp undervalued compared to its fair value and its price relative to the market?

48.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NBTB ($34.38) is trading below our estimate of fair value ($67.19)

Significantly Below Fair Value: NBTB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: NBTB is good value based on its PE Ratio (10x) compared to the US Banks industry average (10.7x).

PE vs Market: NBTB is good value based on its PE Ratio (10x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: NBTB's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: NBTB is overvalued based on its PB Ratio (1.2x) compared to the US Banks industry average (1.1x).


Future Growth

How is NBT Bancorp forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-13.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NBTB's earnings are forecast to decline over the next 3 years (-13.6% per year).

Earnings vs Market: NBTB's earnings are forecast to decline over the next 3 years (-13.6% per year).

High Growth Earnings: NBTB's earnings are forecast to decline over the next 3 years.

Revenue vs Market: NBTB's revenue is expected to decline over the next 3 years (-0.3% per year).

High Growth Revenue: NBTB's revenue is forecast to decline over the next 3 years (-0.3% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NBTB's Return on Equity is forecast to be low in 3 years time (10.3%).


Past Performance

How has NBT Bancorp performed over the past 5 years?

10.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NBTB has high quality earnings.

Growing Profit Margin: NBTB's current net profit margins (31.5%) are higher than last year (24.2%).


Past Earnings Growth Analysis

Earnings Trend: NBTB's earnings have grown by 10.6% per year over the past 5 years.

Accelerating Growth: NBTB's earnings growth over the past year (55%) exceeds its 5-year average (10.6% per year).

Earnings vs Industry: NBTB earnings growth over the past year (55%) exceeded the Banks industry 36%.


Return on Equity

High ROE: NBTB's Return on Equity (12.2%) is considered low.


Financial Health

How is NBT Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: NBTB's Assets to Equity ratio (9.4x) is low.

Allowance for Bad Loans: NBTB has a sufficient allowance for bad loans (228%).

Low Risk Liabilities: 95% of NBTB's liabilities are made up of primarily low risk sources of funding.

Loan Level: NBTB has an appropriate level of Loans to Assets ratio (64%).

Low Risk Deposits: NBTB's Loans to Deposits ratio (76%) is appropriate.

Level of Bad Loans: NBTB has an appropriate level of bad loans (0.6%).


Dividend

What is NBT Bancorp current dividend yield, its reliability and sustainability?

3.26%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NBTB's dividend (3.26%) is higher than the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: NBTB's dividend (3.26%) is low compared to the top 25% of dividend payers in the US market (3.6%).


Stability and Growth of Payments

Stable Dividend: NBTB's dividends per share have been stable in the past 10 years.

Growing Dividend: NBTB's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (31.5%), NBTB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NBTB's dividends in 3 years are forecast to be well covered by earnings (43.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure


CEO

John Watt (63 yo)

4.75yrs

Tenure

US$2,412,229

Compensation

Mr. John H. Watt, Jr. has 31 years of experience in the financial services industry. He joined NBT Bank in 2014 following the sale of Alliance Financial Corporation to NBT. He played a leadership role in N...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD2.41M) is below average for companies of similar size in the US market ($USD3.67M).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: NBTB's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: NBTB's board of directors are considered experienced (8.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: NBTB insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

NBT Bancorp Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: NBT Bancorp Inc.
  • Ticker: NBTB
  • Exchange: NasdaqGS
  • Founded: 1856
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$1.490b
  • Shares outstanding: 43.34m
  • Website: https://www.nbtbancorp.com

Number of Employees


Location

  • NBT Bancorp Inc.
  • 52 South Broad Street
  • Norwich
  • New York
  • 13815
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 00:47
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.