Extremely significant positive changes in NBT Bancorp Inc (NASDAQ: NBTB) investment behavior have recently occurred: the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and the stock rose on very heavy volume.
Recent small positive changes in fundamentals have benefitted NBT Bancorp Inc (NASDAQ: NBTB): significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, NBTB is expected to continue to be a Value Builder.
NBT Bancorp has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. NBT Bancorp has a slightly positive Power Rating of 61 and a good Appreciation Score of 71, and the Positive Value Trend Rating results.
Recent Price Action
NBT Bancorp Inc (NASDAQ: NBTB) stock closed at $36.74 on 3/27/24 after a large increase of 3.3%. Moreover, trading volume in this advance was exceptionally high at 238% of normal. The stock has been strong relative to the market over the last nine months and has risen 10.9% during the last week.
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