NBT Bancorp Inc. (NBTB)’s latest performance is not what we had anticipated

A new trading day began on January 24, 2023, with NBT Bancorp Inc. (NASDAQ: NBTB) stock priced at $42.22, down -11.24% from the previous day of trading. During the day, the shares moved up to $42.22 and dropped to $37.12 before settling in for the closing price of $42.36. NBTB’s price has ranged from $34.58 to $48.68 over the past 52 weeks.

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Annual sales at Financial sector company grew by 3.40% over the past five years. Meanwhile, its annual earnings per share averaged 49.30%. With a float of $41.12 million, this company’s outstanding shares have now reached $42.84 million.

Let’s look at the performance matrix of the company that is accounted for 1801 employees.

NBT Bancorp Inc. (NBTB) Insider Updates

As we move forward, let’s examine how large-scale investors are investing in this stock of the Banks – Regional Industry. The insider ownership of NBT Bancorp Inc. is 0.40%, while institutional ownership is 57.80%. The most recent insider transaction that took place on Dec 12, was worth 31,859. In this transaction Director of this company bought 750 shares at a rate of $42.48, taking the stock ownership to the 3,441 shares. Before that another transaction happened on Aug 16, when Company’s Director sold 10,181 for $42.50, making the entire transaction worth $432,692. This insider now owns 108,984 shares in total.

NBT Bancorp Inc. (NBTB) Performance Highlights and Predictions

In its latest quarterly report, released on 9/29/2022, the company reported earnings of $0.9 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +31.07 while generating a return on equity of 12.71. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.91 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 49.30% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.00% during the next five years compared to 14.50% growth over the previous five years of trading.

NBT Bancorp Inc. (NASDAQ: NBTB) Trading Performance Indicators

Here are NBT Bancorp Inc.’s current performance indicators. According to the last quarter’s results, the stock had a price to sales ratio for the trailing twelve months stands at 4.37. Likewise, its price to free cash flow for the trailing twelve months is 13.51.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.54, a number that is poised to hit 0.93 in the next quarter and is forecasted to reach 3.64 in one year’s time.

Technical Analysis of NBT Bancorp Inc. (NBTB)

NBT Bancorp Inc. (NASDAQ: NBTB) saw its 5-day average volume 0.25 million, a positive change from its year-to-date volume of 0.21 million. As of the previous 9 days, the stock’s Stochastic %D was 17.01%. Additionally, its Average True Range was 1.34.

During the past 100 days, NBT Bancorp Inc.’s (NBTB) raw stochastic average was set at 4.15%, which indicates a significant decrease from 6.08% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 52.33% in the past 14 days, which was higher than the 32.70% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $44.01, while its 200-day Moving Average is $40.23. Nevertheless, the first resistance level for the watch stands at $40.84 in the near term. At $44.08, the stock is likely to face the second major resistance level. The third major resistance level sits at $45.94. If the price goes on to break the first support level at $35.74, it is likely to go to the next support level at $33.88. Assuming the price breaks the second support level, the third support level stands at $30.64.

NBT Bancorp Inc. (NASDAQ: NBTB) Key Stats

With a market capitalization of 1.59 billion, the company has a total of 42,840K Shares Outstanding. Currently, annual sales are 497,670 K while annual income is 154,890 K. The company’s previous quarter sales were 136,390 K while its latest quarter income was 38,970 K.


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