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Monday, January 30, 2023

It’s Not Over Yet For NBT Bancorp Inc. (NASDAQ: NBTB)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for NBT Bancorp Inc. (NBTB) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.14, or 0.37%, to $37.74. The NBT Bancorp Inc. has recorded 571 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that NBT Bancorp Inc. Announces Full Year Net Income of $152.0 Million ($3.52 Per Diluted Common Share); Approves Dividend.


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Stocks Info

NBT Bancorp Inc. is listed on the NASDAQ as a member of the Financial sector and is a part of the Banks – Regional industry. At the end of the last regular session, the stock closed at $37.60 and fluctuated between $42.22 as its day high and $37.14 as its day low. The current market capitalization of NBT Bancorp Inc. is $1.59B. A total of 0.56 million shares were traded on the day, compared to an average of 177.61K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, NBTB has seen 1 BUY and 3 SELL insider trades, representing the acquisition of 750 and the disposition of 1,097 shares. Over the last 12 months, there were 29 BUYs and 8 SELLs from insiders. Insiders purchased 78,967 shares during that period but sold 14,586.

In the most recent transaction, Hoeller Heidi M bought 750 shares of NBTB for 42.48 per share on Dec 12. After the transaction, the Director now owns 3,441 company shares. In a previous transaction on Aug 16, DIETRICH MARTIN A sold 10,181 shares at 42.50 per share. NBTB shares that Director owns now total 108,984.

Among the insiders who sold shares, Hyle Shaunastar disposed of 1,264 shares on Jul 27 at a per-share price of $40.11. This resulted in the EVP, Consumer Lending holding 16,083 shares of NBTB after the transaction. In another insider transaction, Hoeller Heidi M bought 1,353 shares at $37.01 per share on Jun 01. Company shares held by the Director now total 2,691.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. NBT Bancorp Inc. pays an annual dividend of $1.20, resulting in a dividend yield of 3.19%, and it has a price to earnings (P/E) ratio of 10.62. NBTB’s most recent ex-dividend date was 11/30/2022 when it declared a $0.30 quarterly dividend that was paid in cash on 12/15/2022. Previously, the company paid the dividend on 9/15/2022 with an ex-dividend date of 8/31/2022. The NBTB stock dividend was $0.30 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for NBTB in the last 3 months, the mean price target is $44.50 with high estimates of $49.00 and low estimates of $41.00. In terms of 52-week highs and lows, NBTB has a high of $48.68 and a low of $34.58.

As of this writing, NBTB has an earnings estimate of $0.93 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.95 per share and a lower estimate of $0.92. The company reported an EPS of $0.88 in the last quarter, which was 4.80% higher than expectations of $0.84.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 6 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NBTB is Overweight with a score of 4.00. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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