$123.57 million in sales expected for NBT Bancorp Inc. (NASDAQ:NBTB) this quarter
Brokerages expect NBT Bancorp Inc. (NASDAQ:NBTB – Get Rating) to post sales of $123.57 million in the current fiscal quarter, reports Zacks Investment Research. Three analysts made estimates of NBT Bancorp’s earnings. The highest sales estimate is $126.00 million and the lowest is $121.20 million. NBT Bancorp posted sales of $118.49 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.3%. The company is due to release its next quarterly earnings report on Monday, January 1.
According to Zacks, analysts expect NBT Bancorp to report annual revenue of $493.00 million for the current fiscal year, with estimates ranging from $487.10 million to $501.40 million. of dollars. For the next fiscal year, analysts expect the company to report sales of $515.53 million, with estimates ranging from $506.60 million to $532.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that provide coverage for NBT Bancorp.
NBT Bancorp (NASDAQ:NBTB – Get Rating) last released quarterly earnings data on Monday, April 25. The bank reported earnings per share (EPS) of $0.90 for the quarter, beating the consensus estimate of $0.77 by $0.13. NBT Bancorp had a return on equity of 12.66% and a net margin of 30.64%. During the same period last year, the company achieved EPS of $0.92.
Separately, StockNews.com began covering NBT Bancorp in a research note on Thursday, March 31. They have placed a “holding” rating on the stock.
Separately, CFO Scott Allen Kingsley acquired 3,000 shares in a trade on Wednesday, April 27. The shares were purchased at an average price of $35.60 per share, for a total transaction of $106,800.00. Following the purchase, the CFO now directly owns 17,215 shares of the company, valued at $612,854. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.55% of the shares are held by insiders of the company.
A number of large investors have recently changed their positions in the stock. Dimensional Fund Advisors LP increased its position in NBT Bancorp by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,872,008 shares of the bank worth $72,109,000 after buying 24,983 additional shares in the last quarter. State Street Corp increased its position in NBT Bancorp by 1.0% during the 4th quarter. State Street Corp now owns 1,749,620 shares of the bank worth $67,395,000 after buying an additional 17,805 shares in the last quarter. Bank of New York Mellon Corp raised its position in NBT Bancorp by 0.6% in the third quarter. Bank of New York Mellon Corp now owns 597,535 shares of the bank worth $21,582,000 after buying 3,306 additional shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in NBT Bancorp by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 412,568 shares of the bank worth $15,893,000 after buying 10,688 additional shares in the last quarter. Finally, Norges Bank bought a new position in NBT Bancorp during the 4th quarter for a value of $12,304,000. 54.25% of the shares are held by institutional investors and hedge funds.
NASDAQ NBTB shares opened at $35.20 on Monday. The company has a market capitalization of $1.51 billion, a P/E ratio of 9.94 and a beta of 0.61. The company has a current ratio of 0.82, a quick ratio of 0.84 and a debt ratio of 0.18. NBT Bancorp has a 1-year low of $32.66 and a 1-year high of $42.33. The company’s 50-day moving average is $36.94 and its 200-day moving average is $37.84.
NBT Bancorp Company Profile (Get an assessment)
NBT Bancorp Inc, a financial holding company, provides commercial banking, retail banking and wealth management services. Its deposit products include demand deposits, savings, negotiable withdrawal orders, money market deposits and certificates of deposit accounts. The Company’s loan portfolio includes commercial and industrial, commercial real estate, agricultural and commercial construction loans; indirect and direct consumers, home equity, mortgages, business bank loans and commercial loans; and residential real estate loans.
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