Fintel reports that on December 12, 2024, DA Davidson initiated coverage of NBT Bancorp (NasdaqGS:NBTB) with a Neutral recommendation.
Analyst Price Forecast Suggests 1.92% Downside
As of December 3, 2024, the average one-year price target for NBT Bancorp is $50.74/share. The forecasts range from a low of $45.45 to a high of $56.70. The average price target represents a decrease of 1.92% from its latest reported closing price of $51.74 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for NBT Bancorp is 601MM, an increase of 11.52%. The projected annual non-GAAP EPS is 4.06.
What is the Fund Sentiment?
There are 469 funds or institutions reporting positions in NBT Bancorp. This is an increase of 40 owner(s) or 9.32% in the last quarter. Average portfolio weight of all funds dedicated to NBTB is 0.09%, an increase of 14.60%. Total shares owned by institutions increased in the last three months by 18.76% to 39,182K shares. 
The put/call ratio of NBTB is 0.18, indicating a bullish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 3,001K shares representing 6.36% ownership of the company. In its prior filing, the firm reported owning 3,052K shares , representing a decrease of 1.69%. The firm increased its portfolio allocation in NBTB by 1.12% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,415K shares representing 3.00% ownership of the company. In its prior filing, the firm reported owning 1,413K shares , representing an increase of 0.13%. The firm increased its portfolio allocation in NBTB by 7.76% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 1,123K shares representing 2.38% ownership of the company. In its prior filing, the firm reported owning 1,127K shares , representing a decrease of 0.30%. The firm increased its portfolio allocation in NBTB by 4.24% over the last quarter.
Geode Capital Management holds 1,118K shares representing 2.37% ownership of the company. In its prior filing, the firm reported owning 1,108K shares , representing an increase of 0.95%. The firm decreased its portfolio allocation in NBTB by 44.09% over the last quarter.
IWM - iShares Russell 2000 ETF holds 1,105K shares representing 2.34% ownership of the company. In its prior filing, the firm reported owning 1,057K shares , representing an increase of 4.32%. The firm increased its portfolio allocation in NBTB by 3.32% over the last quarter.
NBT Bancorp. Background Information
(This description is provided by the company.)
NBT Bancorp Inc. is a financial holding company headquartered in Norwich, N.Y., with total assets of $9.7 billion at December 31, 2019. The Company primarily operates through NBT Bank, N.A., a full-service community bank and through two financial services companies. NBT Bank, N.A. has 146 banking locations in New York, Pennsylvania, Vermont, Massachusetts, New Hampshire and Maine. EPIC Retirement Plan Services, based in Rochester, N.Y., is a full-service 401(k) plan recordkeeping firm. NBT Insurance Agency, LLC, based in Norwich, N.Y., is a full-service insurance agency.
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