NBT Bancorp (NASDAQ:NBTB) Upgraded to Hold at Wall Street Zen

13 Sep 2026, 06:48 by Danessa Lincoln · The Markets Daily

Wall Street Zen upgraded shares of NBT Bancorp (NASDAQ:NBTB – Free Report) from a sell rating to a hold rating in a research report report published on Saturday morning,Wall Street Zen reports.

A number of other research firms have also weighed in on NBTB. Weiss Ratings reiterated a “buy (b)” rating on shares of NBT Bancorp in a research note on Tuesday, July 21st. Stephens downgraded shares of NBT Bancorp from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $52.00 to $55.00 in a research report on Thursday, July 30th. DA Davidson increased their price target on NBT Bancorp from $52.00 to $59.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Piper Sandler lifted their price objective on NBT Bancorp from $50.00 to $56.00 and gave the company an “overweight” rating in a research note on Friday, June 26th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $54.00 price objective (up from $52.00) on shares of NBT Bancorp in a report on Monday, August 3rd. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $54.10.

View Our Latest Stock Analysis on NBTB

NBT Bancorp Price Performance

Shares of NASDAQ NBTB opened at $51.73 on Friday. NBT Bancorp has a 52 week low of $39.19 and a 52 week high of $54.50. The business’s 50 day moving average price is $51.99 and its 200 day moving average price is $47.36. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.08. The firm has a market cap of $2.69 billion, a P/E ratio of 12.65 and a beta of 0.47.

NBT Bancorp (NASDAQ:NBTB – Get Free Report) last posted its quarterly earnings results on Monday, July 27th. The bank reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.01). NBT Bancorp had a return on equity of 11.27% and a net margin of 22.58%.The business had revenue of $186.69 million for the quarter, compared to analysts’ expectations of $188.81 million. On average, sell-side analysts expect that NBT Bancorp will post 4.15 earnings per share for the current year.

NBT Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.40 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $1.60 annualized dividend and a dividend yield of 3.1%. This is a boost from NBT Bancorp’s previous quarterly dividend of $0.37. NBT Bancorp’s dividend payout ratio (DPR) is presently 39.12%.

Insider Activity

In other NBT Bancorp news, EVP Sarah A. Halliday sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $54.04, for a total value of $486,360.00. Following the sale, the executive vice president directly owned 22,054 shares of the company’s stock, valued at approximately $1,191,798.16. This trade represents a 28.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ruth H. Mahoney sold 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $54.30, for a total value of $244,350.00. Following the completion of the sale, the executive vice president owned 11,928 shares of the company’s stock, valued at $647,690.40. This trade represents a 27.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.99% of the stock is owned by insiders.

Institutional Investors Weigh In On NBT Bancorp

A number of institutional investors have recently added to or reduced their stakes in NBTB. IFP Advisors Inc increased its position in shares of NBT Bancorp by 0.9% during the 2nd quarter. IFP Advisors Inc now owns 25,034 shares of the bank’s stock worth $1,236,000 after purchasing an additional 216 shares during the last quarter. Private Advisor Group LLC raised its holdings in NBT Bancorp by 4.2% in the 1st quarter. Private Advisor Group LLC now owns 5,809 shares of the bank’s stock valued at $247,000 after buying an additional 233 shares during the period. Ascent Wealth Partners LLC lifted its position in NBT Bancorp by 6.1% in the first quarter. Ascent Wealth Partners LLC now owns 5,353 shares of the bank’s stock valued at $228,000 after buying an additional 309 shares during the last quarter. Inspire Investing LLC lifted its position in NBT Bancorp by 2.9% in the fourth quarter. Inspire Investing LLC now owns 11,257 shares of the bank’s stock valued at $467,000 after buying an additional 315 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in NBT Bancorp by 63.8% during the first quarter. Bessemer Group Inc. now owns 832 shares of the bank’s stock worth $35,000 after buying an additional 324 shares during the period. Institutional investors and hedge funds own 58.46% of the company’s stock.

NBT Bancorp Company Profile

(Get Free Report)

NBT Bancorp Inc is a bank holding company headquartered in Norwich, New York. Through its principal subsidiary, NBT Bank, the company provides a range of financial services to individuals, families, businesses and municipal entities.

NBT Bank’s offerings include checking and savings accounts, consumer and residential lending, commercial loans, mortgages, credit cards and digital banking services. Through affiliated businesses, NBT Bancorp also provides wealth management, investment services and insurance products.