NBT Bancorp Inc. (NASDAQ:NBTB) is expected to report third quarter earnings results, after market close, on Monday 26th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.58 per share.
Looking ahead, the full year income are expected at $ 2.01 per share on the revenues of $ 462.58 million.
Previous Quarter Performance
NBT Bancorp Inc. unfold income for the second quarter of $ 0.57 per share, from the revenue of $ 115.46 million. The quarterly earnings shrunk 17.39 percent while revenues improved 2.29 percent compared with the same quarter last year.
Street analysts expected NBT Bancorp Inc. to report income of $ 0.46 per share on revenue of $ 114.39 million for the second quarter. The bottom line results beat street analysts by $ 0.11 or 23.91 percent, at the same time, top line results outshined analysts by $ 1.07 million or 0.94 percent.
Stock Performance
On Friday, shares of NBT Bancorp Inc. has traded high as $ 29.66 and has cracked $ 28.92 on the downward trend, reaching $ 29.17 with volume of 60.70 thousand shares.
According to the previous trading day, closing price of $ 29.17, representing a 10.50 % increase from the 52 week low of $ 26.29 and a 30 % decrease over the 52 week high of $ 41.50.
The company has a market capital of $ 1.27 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 28th September 2020, maintained by Piper Sandler at Neutral rating, with $ 30.00 target price.
Recent Stock Dividend Announcement
On July 27, 2020, the board of directors authorized quarterly dividend of $ 0.27 per share to holders of record as of the close of business on September 1, 2020, with payment date of September 15, 2020 and ex-dividend date on August 31, 2020.
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 companys loan portfolio comprises commercial and industrial, commercial real estate, agricultural, and commercial construction loans; indirect and direct consumer, home equity, direct loans, mortgages, business banking loans, and commercial loans; and residential real estate loans, as well as development loans.
