Recent extremely meaningful positive changes in investment behavior have benefitted NBT Bancorp Inc (NASDAQ: NBTB): positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
NBT Bancorp Inc (NASDAQ: NBTB) has recently enjoyed small positive changes in fundamentals: significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
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). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. NBT Bancorp has a slightly positive Appreciation Score of 66 and a neutral Power Rating of 50, with the High Neutral Value Trend Rating the result.
Recent Price Action
NBT Bancorp Inc (NASDAQ: NBTB) stock closed at $38.60 on 6/28/24 after a large increase of 2.4%. Moreover, trading volume in this advance was exceptionally high at 525% of normal. The stock has risen 7.8% during the last week and has performed in line with the market over the last nine months.
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