NBT Bancorp (Nasdaq:NBTB) - Stock Price, News & Analysis

NBTB Stock Overview

A financial holding company, provides commercial banking, retail banking, and wealth management services.

NBTB fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	4/6
Past Performance	4/6
Financial Health	6/6
Dividends	5/6

Rewards

Trading at 50.6% below our estimate of its fair value

Earnings are forecast to grow 21.58% per year

Earnings grew by 8.5% over the past year

Pays a reliable dividend of 2.75%

Risk Analysis

Significant insider selling over the past 3 months

Community Narratives

Create a narrative

Narratives bring a range of perspectives from our community.

WarrenAI

Based on Analyst Price Targets

Expansion Into Upstate New York And Tactical Partnerships Fuel Growth Potential

Key Takeaways Expansion through acquisitions and partnerships is positioning The analysts have a consensus price target of $51.33 for NBT Bancorp based on their expectations of its future earnings growth, profit margins and other risk factors. In order for you to agree with the analyst's consensus, you'd need to believe that by 2027, revenues will be $856.2 million, earnings will come to $243.5 million, and it would be trading on a PE ratio of 13.5x, assuming you use a discount rate of 5.8%.

View narrative

US$51.33

3.8% undervalued

16.69%

Revenue growth p.a.

3 days ago

NBT Bancorp Inc. Competitors

Renasant

NYSE:RNST

US$2.4b

Trustmark

NasdaqGS:TRMK

US$2.4b

Banner

NasdaqGS:BANR

US$2.5b

WesBanco

NasdaqGS:WSBC

US$2.4b

Price History & Performance

Summary of all time highs, changes and price drops for NBT Bancorp
Historical stock prices
Current Share Price	US$49.39
52 Week High	US$51.22
52 Week Low	US$32.79
Beta	0.48
11 Month Change	9.93%
3 Month Change	12.53%
1 Year Change	44.12%
33 Year Change	29.26%
5 Year Change	22.62%
Change since IPO	639.78%

Recent updates

NBT Bancorp (NASDAQ:NBTB) Has Announced That It Will Be Increasing Its Dividend To $0.34

Jul 26

NBT Bancorp (NASDAQ:NBTB) Will Pay A Larger Dividend Than Last Year At $0.32

Aug 18

NBT Bancorp (NASDAQ:NBTB) Is Paying Out A Larger Dividend Than Last Year

Jul 29

Earnings Beat: NBT Bancorp Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Apr 28

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

Aug 03

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

Jun 21

Shareholder Returns

	NBTB	US Banks	US Market
7D	10.8%	7.9%	5.1%
1Y	44.1%	60.2%	36.3%

Return vs Industry: NBTB underperformed the US Banks industry which returned 60.2% over the past year.

Return vs Market: NBTB exceeded the US Market which returned 36.3% over the past year.

Price Volatility

Is NBTB's price volatile compared to industry and market?
NBTB volatility
NBTB Average Weekly Movement	5.4%
Banks Industry Average Movement	5.2%
Market Average Movement	6.2%
10% most volatile stocks in US Market	15.1%
10% least volatile stocks in US Market	3.0%

Stable Share Price: NBTB has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: NBTB's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1856	2,034	Scott Kingsley	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 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.

NBT Bancorp Inc. Fundamentals Summary

How do NBT Bancorp's earnings and revenue compare to its market cap?
NBTB fundamental statistics
Market cap	US$2.33b
Earnings (TTM)	US$135.08m
Revenue (TTM)	US$538.80m

17.2x

P/E Ratio

1.5x

P/B Ratio

Is NBTB overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NBTB income statement (TTM)
Revenue	US$538.80m
Cost of Revenue	US$0
Gross Profit	US$538.80m
Other Expenses	US$403.72m
Earnings	US$135.08m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	2.86
Gross Margin	100.00%
Net Profit Margin	25.07%
Debt/Equity Ratio	30.0%

How did NBTB perform over the long term?

See historical performance and comparison

Dividends

2.8%

Current Dividend Yield

45%

Payout Ratio

Does NBTB pay a reliable dividends?

See NBTB dividend history and benchmarks

When do you need to buy NBTB by to receive an upcoming dividend?
NBT Bancorp dividend dates
Ex Dividend Date	Dec 02 2024
Dividend Pay Date	Dec 16 2024
Days until Ex dividend	22 days
Days until Dividend pay date	36 days

Does NBTB pay a reliable dividends?

See NBTB dividend history and benchmarks

NBTB Stock Overview

Rewards

Risk Analysis

Expansion Into Upstate New York And Tactical Partnerships Fuel Growth Potential

NBT Bancorp Inc. Competitors

NYSE:RNST

US$2.4b

NasdaqGS:TRMK

US$2.4b

NasdaqGS:BANR

US$2.5b

NasdaqGS:WSBC

US$2.4b

Price History & Performance

Recent News & Updates

Vice Chairman & Advisor recently sold US$909k worth of stock

Third quarter dividend of US$0.34 announced

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

NBT Bancorp Inc Approves Fourth-Quarter Cash Dividend, Payable on December 16, 2024

NBT Bancorp Inc. to Report Q3, 2024 Results on Oct 28, 2024

Recent updates

Vice Chairman & Advisor recently sold US$909k worth of stock

Third quarter dividend of US$0.34 announced

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

NBT Bancorp Inc Approves Fourth-Quarter Cash Dividend, Payable on December 16, 2024

NBT Bancorp Inc. to Report Q3, 2024 Results on Oct 28, 2024

Independent Director recently sold US$3.1m worth of stock

NBT Bancorp Inc. (NasdaqGS:NBTB) entered into an agreement and plan of merger to acquire Evans Bancorp, Inc. (NYSEAM:EVBN) for approximately $230 million.

NBT Bancorp Inc. (NasdaqGS:NBTB) entered into an agreement and plan of merger to acquire Evans Bancorp, Inc. (NYSEAM:EVBN) for approximately $230 million.

Upcoming dividend of US$0.34 per share

NBT Bancorp (NASDAQ:NBTB) Has Announced That It Will Be Increasing Its Dividend To $0.34

Second quarter dividend increased to US$0.34

Price target increased by 14% to US$46.75

Second quarter 2024 earnings: Revenues and EPS in line with analyst expectations

NBT Bancorp Inc. Approves Cash Dividend Increase, Payable on September 13, 2024

Investor sentiment improves as stock rises 15%

NBT Bancorp Inc. to Report Q2, 2024 Results on Jul 22, 2024

First quarter dividend of US$0.32 announced

NBT Bancorp Inc. Announces Executive Changes

NBT Bancorp inc Approves Second-Quarter Cash Dividend, Payable on June 17, 2024

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

NBT Bancorp Inc., Annual General Meeting, May 21, 2024

NBT Bancorp Inc. to Report Q1, 2024 Results on Apr 22, 2024

Full year 2023 earnings: EPS and revenues miss analyst expectations

Upcoming dividend of US$0.32 per share

Independent Director recently sold US$298k worth of stock

Fourth quarter dividend of US$0.32 announced

Full year 2023 earnings: EPS and revenues miss analyst expectations

NBT Bancorp Inc. Declares First-Quarter Cash Dividend, Payable on March 15, 2024

NBT Bancorp Inc. Announces Chief Executive Officer Changes, Effective May 21, 2024

Price target increased by 8.9% to US$40.83

Upcoming dividend of US$0.32 per share at 3.6% yield

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

NBT Bancorp Inc. Declares Cash Dividend for the Fourth Quarter 2023, Payable on December 15, 2023

NBT Bancorp Inc. to Report Q3, 2023 Results on Oct 24, 2023

Upcoming dividend of US$0.32 per share at 3.7% yield

New minor risk - Shareholder dilution

NBT Bancorp (NASDAQ:NBTB) Will Pay A Larger Dividend Than Last Year At $0.32

NBT Bancorp Inc. Approves Cash Dividend for the Third-Quarter of 2023, Payable on September 15, 2023

Consensus EPS estimates fall by 10%

Second quarter 2023 earnings: EPS in line with expectations, revenues disappoint

NBT Bancorp Inc. to Report Q2, 2023 Results on Jul 31, 2023

Upcoming dividend of US$0.30 per share at 3.4% yield

NBT Bancorp Inc. Approves Second-Quarter Cash Dividend, Will Be Paid on June 15, 2023

Independent Director recently bought US$1.2m worth of stock

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Executive VP & CFO recently bought US$89k worth of stock

Upcoming dividend of US$0.30 per share at 2.9% yield

Price target decreased by 7.4% to US$43.67

Full year 2022 earnings: EPS misses analyst expectations

NBT Bancorp Inc. Approves Dividend for the First Quarter of 2023, Payable on March 15, 2023

NBT Bancorp Inc. to Report Q4, 2022 Results on Jan 23, 2023

NBT Bancorp Inc. (NasdaqGS:NBTB) entered into a definitive agreement to acquire Salisbury Bancorp, Inc. (NasdaqCM:SAL) for approximately $200 million.

Upcoming dividend of US$0.30 per share

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

NBT Bancorp Inc. Approves Dividend for the Fourth Quarter of 2022, Payable on December 15, 2022

NBT Bancorp Inc. to Report Q3, 2022 Results on Oct 25, 2022

Upcoming dividend of US$0.30 per share

Independent Chairman recently sold US$433k worth of stock

NBT Bancorp (NASDAQ:NBTB) Is Paying Out A Larger Dividend Than Last Year