For its second fiscal quarter (ending June 30), NBT Bancorp Inc (NASDAQ: NBTB) has reported a -1% decline in E.P.S. from $0.70 a year ago to $0.69 in the current quarter. This performance was $-0.00 short of the consensus estimate of $0.69. E.P.S. were $2.60 for the latest four quarters through June 30 versus $3.24 for the same period a year ago — a decline of -20%.
Recent Price Action
NBT Bancorp Inc (NASDAQ: NBTB) stock closed at $45.87 on 7/22/24 after an increase of 1.4%. Trading volume in this advance was normal. The stock has risen 10.2% during the last week and has performed in line with the market over the last nine months.
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 (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. NBT Bancorp has a slightly positive Appreciation Score of 61 but a slightly negative Power Rating of 38, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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