NBTB Stock Overview
NBT Bancorp Inc., a financial holding company, provides commercial banking, retail banking, and wealth management services.
NBT Bancorp Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$39.13|
|52 Week High||US$42.63|
|52 Week Low||US$34.58|
|1 Month Change||-1.95%|
|3 Month Change||4.51%|
|1 Year Change||11.51%|
|3 Year Change||5.93%|
|5 Year Change||6.56%|
|Change since IPO||486.10%|
Recent News & Updates
NBT Bancorp (NASDAQ:NBTB) Is Paying Out A Larger Dividend Than Last Year
NBT Bancorp Inc.'s ( NASDAQ:NBTB ) dividend will be increasing from last year's payment of the same period to $0.30 on...
|NBTB||US Banks||US Market|
Return vs Industry: NBTB exceeded the US Banks industry which returned -19.4% over the past year.
Return vs Market: NBTB exceeded the US Market which returned -21.6% over the past year.
|NBTB Average Weekly Movement||2.6%|
|Banks Industry Average Movement||3.4%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.9%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: NBTB is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: NBTB's weekly volatility (3%) has been stable over the past year.
About the Company
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.
NBT Bancorp Fundamentals Summary
|NBTB fundamental statistics|
Is NBTB overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NBTB income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||3.54|
|Net Profit Margin||30.83%|
How did NBTB perform over the long term?See historical performance and comparison
3.1%Current Dividend Yield
Is NBTB undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NBTB?
Other financial metrics that can be useful for relative valuation.
|What is NBTB's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does NBTB's PE Ratio compare to its peers?
|NBTB PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
HTH Hilltop Holdings
HOPE Hope Bancorp
TCBK TriCo Bancshares
NWBI Northwest Bancshares
NBTB NBT Bancorp
Price-To-Earnings vs Peers: NBTB is expensive based on its Price-To-Earnings Ratio (11.1x) compared to the peer average (10.9x).
Price to Earnings Ratio vs Industry
How does NBTB's PE Ratio compare vs other companies in the US Banks Industry?
Price-To-Earnings vs Industry: NBTB is expensive based on its Price-To-Earnings Ratio (11.1x) compared to the US Banks industry average (9.8x)
Price to Earnings Ratio vs Fair Ratio
What is NBTB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||11.1x|
|Fair PE Ratio||11.6x|
Price-To-Earnings vs Fair Ratio: NBTB is good value based on its Price-To-Earnings Ratio (11.1x) compared to the estimated Fair Price-To-Earnings Ratio (11.6x).
Share Price vs Fair Value
What is the Fair Price of NBTB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: NBTB ($39.13) is trading below our estimate of fair value ($92.57)
Significantly Below Fair Value: NBTB is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is less than 20% higher than the current share price.
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How is NBT Bancorp forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NBTB's forecast earnings growth (1.1% per year) is below the savings rate (1.9%).
Earnings vs Market: NBTB's earnings (1.1% per year) are forecast to grow slower than the US market (14.7% per year).
High Growth Earnings: NBTB's earnings are forecast to grow, but not significantly.
Revenue vs Market: NBTB's revenue (5.6% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: NBTB's revenue (5.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if NBTB's Return on Equity is forecast to be high in 3 years time
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How has NBT Bancorp performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NBTB has high quality earnings.
Growing Profit Margin: NBTB's current net profit margins (30.8%) are lower than last year (31.5%).
Past Earnings Growth Analysis
Earnings Trend: NBTB's earnings have grown by 12.2% per year over the past 5 years.
Accelerating Growth: NBTB's earnings growth over the past year (1.5%) is below its 5-year average (12.2% per year).
Earnings vs Industry: NBTB earnings growth over the past year (1.5%) underperformed the Banks industry 8.6%.
Return on Equity
High ROE: NBTB's Return on Equity (12.8%) is considered low.
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How is NBT Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score6/6
Financial Health Score 6/6
Allowance for Bad Loans
Low Risk Liabilities
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: NBTB's Assets to Equity ratio (9.9x) is low.
Allowance for Bad Loans: NBTB has a sufficient allowance for bad loans (363%).
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 (66%).
Low Risk Deposits: NBTB's Loans to Deposits ratio (77%) is appropriate.
Level of Bad Loans: NBTB has an appropriate level of bad loans (0.3%).
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What is NBT Bancorp current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NBTB's dividend (3.07%) is higher than the bottom 25% of dividend payers in the US market (1.62%).
High Dividend: NBTB's dividend (3.07%) is low compared to the top 25% of dividend payers in the US market (4.45%).
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
Earnings Coverage: With its reasonably low payout ratio (31.9%), NBTB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
John Watt (64 yo)
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 ($USD2.77M) is below average for companies of similar size in the US market ($USD5.58M).
Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.
Experienced Management: NBTB's management team is considered experienced (3.3 years average tenure).
Experienced Board: NBTB's board of directors are considered experienced (7.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NBTB insiders have only sold shares in the past 3 months.
Recent Insider Transactions
|16 Aug 22||SellUS$432,693||Martin Dietrich||Individual||10,181||US$42.50|
|27 Jul 22||SellUS$50,704||Shaunastar Hyle||Individual||1,264||US$40.11|
|01 Jun 22||BuyUS$50,074||Heidi Hoeller||Individual||1,353||US$37.01|
|27 Apr 22||BuyUS$106,800||Scott Kingsley||Individual||3,000||US$35.60|
|14 Jan 22||SellUS$417,270||Martin Dietrich||Individual||9,935||US$42.00|
|26 Nov 21||BuyUS$44,996||Scott Kingsley||Individual||1,265||US$35.57|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
NBT Bancorp Inc.'s employee growth, exchange listings and data sources
- Name: NBT Bancorp Inc.
- Ticker: NBTB
- Exchange: NasdaqGS
- Founded: 1856
- Industry: Regional Banks
- Sector: Banks
- Implied Market Cap: US$1.676b
- Shares outstanding: 42.84m
- Website: https://www.nbtbancorp.com
Number of Employees
- NBT Bancorp Inc.
- 52 South Broad Street
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NBTB||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Oct 1990|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/23 00:00|
|End of Day Share Price||2022/09/23 00:00|
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.