NBT Bancorp (NASDAQ:NBTB) Reaches New 12-Month High – Still a Buy?

Posted by Brian Himes on Nov 6th, 2026

NBT Bancorp Inc. (NASDAQ:NBTB – Get Free Report)’s share price reached a new 52-week high on Wednesday. The stock traded as high as $54.85 and last traded at $53.8150, with a volume of 18,124 shares traded. The stock had previously closed at $52.61.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on NBTB shares. Stephens downgraded shares of NBT Bancorp from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $52.00 to $55.00 in a research report on Thursday, July 30th. Wall Street Zen raised shares of NBT Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, September 12th. Weiss Ratings restated a “buy (b)” rating on shares of NBT Bancorp in a research note on Monday, October 19th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $55.00 target price (down from $58.00) on shares of NBT Bancorp in a research note on Friday, October 30th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $61.00 target price (down from $62.00) on shares of NBT Bancorp in a report on Monday. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $55.90.

View Our Latest Analysis on NBTB

NBT Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $2.75 billion, a PE ratio of 12.70 and a beta of 0.49. The company’s 50 day moving average price is $51.47 and its 200-day moving average price is $47.89.

NBT Bancorp (NASDAQ:NBTB – Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The bank reported $1.11 EPS for the quarter, beating the consensus estimate of $1.09 by $0.02. NBT Bancorp had a return on equity of 11.28% and a net margin of 22.87%. The business had revenue of $195.03 million for the quarter, compared to the consensus estimate of $193.83 million. Equities research analysts anticipate that NBT Bancorp Inc. will post 4.19 earnings per share for the current fiscal year.

NBT Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, December 1st. NBT Bancorp’s dividend payout ratio is currently 38.37%.

Institutional Investors Weigh In On NBT Bancorp

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of NBT Bancorp in the second quarter worth about $369,183,000. Dimensional Fund Advisors LP boosted its position in shares of NBT Bancorp by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,330,975 shares of the bank’s stock valued at $99,252,000 after acquiring an additional 30,141 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of NBT Bancorp by 29.7% in the first quarter. The Manufacturers Life Insurance Company now owns 560,259 shares of the bank’s stock valued at $23,856,000 after acquiring an additional 128,316 shares during the period. Bank of New York Mellon Corp bought a new position in shares of NBT Bancorp in the second quarter valued at approximately $22,685,000. Finally, Ceredex Value Advisors LLC purchased a new position in NBT Bancorp during the second quarter valued at approximately $13,673,000. Hedge funds and other institutional investors own 58.46% of the company’s stock.

About NBT Bancorp

(Get Free Report)

NBT Bancorp Inc is the bank holding company for NBT Bank, a community banking institution headquartered in Norwich, New York. Through NBT Bank and its subsidiaries, the company provides banking, lending, investment, insurance and financial services to consumers, businesses, nonprofit organizations and municipalities.

NBT Bank offers checking and savings accounts, certificates of deposit, residential and commercial mortgages, consumer loans, business lending, cash-management services and agricultural financing.