Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for NBT Bancorp Inc (NASDAQ: NBTB) weakened in the last week. NBTB’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
On 6/21/24, NBT Bancorp Inc (NASDAQ: NBTB) stock increased 1.1%, closing at $36.20. Moreover, trading volume in this advance was exceptionally high at 456% of normal. The stock has performed in line with the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, NBTB is expected to continue to be a Value Builder.
NBT Bancorp has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. NBT Bancorp has a neutral Power Rating of 50 and a slightly positive Appreciation Score of 69, and the High Neutral Value Trend Rating results.
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