NBT Bancorp Inc. (NASDAQ:NBTB) has received a consensus recommendation of “Hold” from the six analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $36.75.

Several equities research analysts recently issued reports on the stock. Piper Jaffray Companies raised shares of NBT Bancorp from an “underweight” rating to a “neutral” rating and set a $35.50 target price for the company in a report on Thursday, June 8th. ValuEngine raised shares of NBT Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. BidaskClub lowered shares of NBT Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $38.50 target price on shares of NBT Bancorp in a report on Tuesday, July 25th. Finally, Zacks Investment Research raised shares of NBT Bancorp from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Saturday, June 3rd.

Shares of NBT Bancorp (NASDAQ:NBTB) traded up 1.56% during trading on Wednesday, hitting $33.93. The stock had a trading volume of 147,858 shares. The stock’s 50-day moving average price is $33.99 and its 200 day moving average price is $36.68. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 18.24 and a beta of 0.90. NBT Bancorp has a one year low of $31.28 and a one year high of $42.56.

NBT Bancorp (NASDAQ:NBTB) last released its quarterly earnings results on Monday, July 24th. The bank reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The firm had revenue of $99.93 million during the quarter, compared to analyst estimates of $100.91 million. NBT Bancorp had a net margin of 19.68% and a return on equity of 8.81%. During the same quarter in the prior year, the firm earned $0.46 EPS. On average, equities analysts forecast that NBT Bancorp will post $1.95 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Wednesday, August 30th. NBT Bancorp’s dividend payout ratio is 49.46%.

Institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can increased its holdings in NBT Bancorp by 26.0% in the 1st quarter. Bank of Montreal Can now owns 2,931 shares of the bank’s stock worth $109,000 after acquiring an additional 604 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in NBT Bancorp in the 1st quarter worth approximately $136,000. Biondo Investment Advisors LLC purchased a new stake in NBT Bancorp in the 2nd quarter worth approximately $201,000. Amalgamated Bank increased its holdings in NBT Bancorp by 1.1% in the 2nd quarter. Amalgamated Bank now owns 5,814 shares of the bank’s stock worth $215,000 after acquiring an additional 66 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its holdings in NBT Bancorp by 0.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 5,867 shares of the bank’s stock worth $217,000 after acquiring an additional 47 shares in the last quarter. 49.20% of the stock is owned by institutional investors.

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NBT Bancorp Company Profile

NBT Bancorp Inc is a financial holding company. The Company conducts its business through NBT Bank, National Association (the Bank) and also through its other subsidiaries, which includes providing commercial banking and financial services to customers in its market area, including central and upstate New York, northeastern Pennsylvania, southern New Hampshire, western Massachusetts, Vermont and Portland, Maine area.

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