NBT Bancorp. Inc. (NASDAQ: NBTB) is -12.48% lower on its value in year-to-date trading and has touched a low of $27.52 and a high of $43.77 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NBTB stock was last observed hovering at around $36.74 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $36.68, the stock is 5.51% and 3.82% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.43 million and changing -0.16% at the moment leaves the stock 3.75% off its SMA200. NBTB registered 5.16% gain for a year compared to 6-month gain of 19.09%.
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The stock witnessed a 8.52% loss in the last 1 month and extending the period to 3 months gives it a -15.27%, and is 2.17% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.78% over the week and 2.84% over the month.
NBT Bancorp. Inc. (NBTB) has around 2034 employees, a market worth around $1.73B and $664.91M in sales. Current P/E ratio is 13.78 and Fwd P/E is 11.08. Profit margin for the company is 17.86%. Distance from 52-week low is 33.26% and -16.20% from its 52-week high. The company has generated returns on investments over the last 12 months (7.00%).
NBT Bancorp. Inc. quarterly earnings per share for the current quarter are estimated at $0.67 with sales reaching $136.36M over the same period.The EPS is expected to shrink by -8.98% this year, but quarterly earnings will post 12.90% year-over-year. Quarterly sales are estimated to grow 1.70% in year-over-year returns.
261 institutions hold shares in NBT Bancorp. Inc. (NBTB), with institutional investors hold 61.37% of the company’s shares. The shares outstanding are 47.11M, and float is at 46.01M with Short Float at 1.65%. Institutions hold 59.16% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 6.26 million shares valued at $199.48 million. The investor’s holdings represent 14.65% of the NBTB Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 5.07 million shares valued at $161.48 million to account for 11.86% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 2.1 million shares representing 4.90% and valued at over $66.75 million, while State Street Corporation holds 4.15% of the shares totaling 1.78 million with a market value of $56.56 million.
NBT Bancorp. Inc. (NBTB) Insider Activity
The most recent transaction is an insider sale by Wiles Amy, the company’s EVP, Chief Risk and Credit. SEC filings show that Wiles Amy sold 641 shares of the company’s common stock on Mar 15 ’24 at a price of $33.62 per share for a total of $21550.0. Following the sale, the insider now owns 21934.0 shares.
NBT Bancorp. Inc. disclosed in a document filed with the SEC on Feb 05 ’24 that Kingsley Scott Allen (EVP & Chief Financial Officer) bought a total of 1,000 shares of the company’s common stock. The trade occurred on Feb 05 ’24 and was made at $34.00 per share for $34000.0. Following the transaction, the insider now directly holds 26513.0 shares of the NBTB stock.
Still, SEC filings show that on Jan 29 ’24, SEIFTER LOWELL A (Director) disposed off 4,770 shares at an average price of $37.50 for $0.18 million. The insider now directly holds 44,362 shares of NBT Bancorp. Inc. (NBTB).
