DA Davidson Issues Positive Forecast for NBT Bancorp (NASDAQ:NBTB) Stock Price

NBT Bancorp (NASDAQ:NBTB) had its price target hoisted by research analysts at DA Davidson from $53.00 to $55.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the bank’s stock. DA Davidson’s target price would suggest a potential upside of 35.60% from the stock’s previous close. DA Davidson also issued estimates for NBT Bancorp’s Q3 2025 earnings at $1.01 EPS and FY2026 earnings at $4.45 EPS.

A number of other equities research analysts have also recently weighed in on the company. Wall Street Zen cut NBT Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, May 21st. Piper Sandler upgraded NBT Bancorp to a “neutral” rating and set a $47.00 price target on the stock in a research note on Tuesday, July 8th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, NBT Bancorp currently has a consensus rating of “Hold” and a consensus target price of $52.00.

NBT Bancorp Trading Down 2.0%

Shares of NBT Bancorp stock opened at $40.56 on Thursday. NBT Bancorp has a 12-month low of $37.31 and a 12-month high of $52.44. The stock has a market cap of $1.92 billion, a P/E ratio of 14.64 and a beta of 0.59. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is $42.05 and its 200-day moving average is $43.48.

NBT Bancorp (NASDAQ:NBTB) last announced its quarterly earnings data on Monday, July 28th. The bank reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.06. NBT Bancorp had a return on equity of 9.81% and a net margin of 16.10%. The company had revenue of $171.15 million for the quarter, compared to analysts’ expectations of $171.04 million. Equities research analysts predict that NBT Bancorp will post 3.69 earnings per share for the current fiscal year.

Insider Buying and Selling at NBT Bancorp

In other NBT Bancorp news, Director John H. Watt, Jr. sold 7,869 shares of the stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $42.02, for a total transaction of $330,655.38. Following the transaction, the director owned 116,027 shares in the company, valued at $4,875,454.54. This trade represents a 6.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Heidi M. Hoeller acquired 2,588 shares of the stock in a transaction on Tuesday, May 6th. The shares were purchased at an average price of $42.88 per share, for a total transaction of $110,973.44. Following the transaction, the director directly owned 11,578 shares in the company, valued at approximately $496,464.64. This trade represents a 28.79% increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.03% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. TD Private Client Wealth LLC increased its position in NBT Bancorp by 51.3% during the 1st quarter. TD Private Client Wealth LLC now owns 867 shares of the bank’s stock worth $37,000 after buying an additional 294 shares during the period. Farther Finance Advisors LLC increased its position in NBT Bancorp by 2,902.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,441 shares of the bank’s stock worth $60,000 after buying an additional 1,393 shares during the period. Sterling Capital Management LLC increased its position in NBT Bancorp by 817.7% during the 4th quarter. Sterling Capital Management LLC now owns 1,450 shares of the bank’s stock worth $69,000 after buying an additional 1,292 shares during the period. Cloud Capital Management LLC acquired a new stake in shares of NBT Bancorp during the 1st quarter worth $68,000. Finally, GAMMA Investing LLC grew its holdings in shares of NBT Bancorp by 38.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,951 shares of the bank’s stock worth $81,000 after purchasing an additional 546 shares in the last quarter. Institutional investors own 58.46% of the company’s stock.

NBT Bancorp Company Profile

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.