NBT Bancorp (NASDAQ:NBTB) underwent analysis by 5 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 3 | 1 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 2 | 1 | 0 | 0 |
Analysts have recently evaluated NBT Bancorp and provided 12-month price targets. The average target is $41.0, accompanied by a high estimate of $42.00 and a low estimate of $39.00. Observing a downward trend, the current average is 5.75% lower than the prior average price target of $43.50.
Understanding Analyst Ratings: A Comprehensive Breakdown
The standing of NBT Bancorp among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Matt Breese | Stephens & Co. | Maintains | Overweight | $42.00 | - |
| Jake Civiello | Janney Montgomery Scott | Announces | Buy | $39.00 | - |
| Matt Breese | Stephens & Co. | Announces | Overweight | $42.00 | - |
| Christopher O'Connell | Keefe, Bruyette & Woods | Lowers | Market Perform | $41.00 | $45.00 |
| Alexander Twerdahl | Piper Sandler | Lowers | Overweight | $41.00 | $42.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to NBT Bancorp. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of NBT Bancorp compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of NBT Bancorp's stock. This comparison reveals trends in analysts' expectations over time.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of NBT Bancorp's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
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Discovering NBT Bancorp: A Closer Look
NBT Bancorp Inc is a financial holding company that operates through its subsidiaries. The company's principal sources of revenue include management fees and dividends it receives through its subsidiaries. NBT Bank is a full-service community bank offering a full range of retail and commercial banking products and trust and investment services. Loan products include consumer, home equity, mortgage, business banking, and commercial loans. Nearly half of its loan portfolio is in commercial loans. The bank serves individuals, corporations, and municipalities, and operates scores of locations throughout New York, Pennsylvania, Vermont, Massachusetts, New Hampshire, and Maine.
Unraveling the Financial Story of NBT Bancorp
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Positive Revenue Trend: Examining NBT Bancorp's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 3.19% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. When compared to others in the Financials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: NBT Bancorp's net margin is impressive, surpassing industry averages. With a net margin of 22.2%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): NBT Bancorp's ROE excels beyond industry benchmarks, reaching 2.18%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): NBT Bancorp's ROA excels beyond industry benchmarks, reaching 0.22%. This signifies efficient management of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.38.
What Are Analyst Ratings?
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.