What is DA Davidson’s Forecast for NBT Bancorp Q1 Earnings?

NBT Bancorp Inc. (NASDAQ:NBTB) – Research analysts at DA Davidson issued their Q1 2025 EPS estimates for shares of NBT Bancorp in a research report issued to clients and investors on Thursday, January 30th. DA Davidson analyst M. Navas forecasts that the bank will post earnings per share of $0.76 for the quarter. DA Davidson has a “Strong-Buy” rating on the stock. The consensus estimate for NBT Bancorp’s current full-year earnings is $3.46 per share.

NBT Bancorp (NASDAQ:NBTB) last posted its quarterly earnings data on Monday, January 27th. The bank reported $0.77 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.01). NBT Bancorp had a return on equity of 9.39% and a net margin of 17.84%. During the same quarter last year, the company earned $0.72 EPS.

Several other brokerages have also recently issued reports on NBTB. StockNews.com cut NBT Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, January 16th. Stephens raised shares of NBT Bancorp from an “equal weight” rating to an “overweight” rating and set a $53.00 price target for the company in a research report on Wednesday. Finally, Keefe, Bruyette & Woods upped their price objective on shares of NBT Bancorp from $50.00 to $55.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $51.75.

NBT Bancorp Stock Performance

Shares of NBTB opened at $47.63 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a 50-day moving average of $48.68 and a two-hundred day moving average of $47.06. The stock has a market cap of $2.25 billion, a P/E ratio of 16.09 and a beta of 0.53. NBT Bancorp has a one year low of $32.79 and a one year high of $52.44.

NBT Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date is Monday, March 3rd. NBT Bancorp’s payout ratio is presently 45.95%.

Insiders Place Their Bets

In related news, Director John H. Watt, Jr. sold 10,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $49.40, for a total value of $494,000.00. Following the completion of the transaction, the director now owns 125,301 shares of the company’s stock, valued at approximately $6,189,869.40. This represents a 7.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Timothy E. Delaney sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $51.47, for a total value of $2,058,800.00. Following the completion of the sale, the director now directly owns 38,853 shares in the company, valued at approximately $1,999,763.91. The trade was a 50.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,694 shares of company stock worth $3,139,185. Corporate insiders own 3.32% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Assenagon Asset Management S.A. purchased a new position in NBT Bancorp during the fourth quarter valued at $12,007,000. Eagle Asset Management Inc. lifted its stake in NBT Bancorp by 76.3% in the 3rd quarter. Eagle Asset Management Inc. now owns 378,898 shares of the bank’s stock valued at $16,759,000 after buying an additional 163,952 shares in the last quarter. Ceredex Value Advisors LLC boosted its holdings in NBT Bancorp by 40.9% in the 3rd quarter. Ceredex Value Advisors LLC now owns 309,300 shares of the bank’s stock worth $13,680,000 after buying an additional 89,800 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in NBT Bancorp by 55.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 224,874 shares of the bank’s stock worth $9,946,000 after buying an additional 80,232 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of NBT Bancorp by 472.1% during the third quarter. Franklin Resources Inc. now owns 74,468 shares of the bank’s stock valued at $3,379,000 after acquiring an additional 61,451 shares during the last quarter. Hedge funds and other institutional investors own 58.46% of the company’s stock.

About NBT Bancorp

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.