NBT Bancorp: DA Davidson maintains Buy, PT raised to $55.

NBT Bancorp: DA Davidson maintains Buy, PT raised to $55.

DA Davidson has maintained a 'Buy' rating for NBT Bancorp (NBTB) and raised its price target to $55, according to the latest financial report. The move reflects the firm's optimism about the bank's earnings potential and long-term growth prospects.

Analysts at DA Davidson expect NBT Bancorp to report earnings per share (EPS) of $0.82 on July 28, 2025 [1]. Investors are eagerly awaiting the company's quarterly earnings announcement, as past performance has shown that the stock price can react significantly to guidance and forecasted growth. For instance, during the last quarter, NBT Bancorp reported an EPS beat of $0.06, leading to a 0.57% increase in the share price on the subsequent day.

The stock price of NBT Bancorp has been volatile over the past year, with shares down 14.51% over the last 52 weeks. Despite this, the bank has shown resilience, with its stock price rising by 2.36% in premarket trading after reporting a significant miss on EPS expectations in the second quarter of 2025. The company reported an EPS of $0.44 compared to the forecasted $0.83, marking a surprise of -46.99%. However, revenue stood at $171 million, slightly above the anticipated $170.89 million, indicating strong operational performance despite the earnings miss [2].

DA Davidson's analysts have revised their earnings upward for the upcoming period, with price targets ranging from $47 to $53. The firm's positive outlook is based on the company's strategic initiatives, including the integration of the Evans Bancorp merger, which added significant assets and accounts. The merger has also positioned NBT Bancorp well against potential interest rate changes, with a diversified loan portfolio of commercial and consumer loans.

The bank's financial stability is further demonstrated by its 40 consecutive years of dividend payments and 12 straight years of dividend increases. The current dividend yield stands at 3.28%, with a P/E ratio of 13.94x. The company's focus on organic growth and potential mergers and acquisitions is expected to drive future EPS forecasts for the next quarters, ranging from $1.04 to $1.14 [2].

References:

[1] https://www.benzinga.com/insights/earnings/25/07/46636510/a-glimpse-of-nbt-bancorps-earnings-potential
[2] https://www.investing.com/news/transcripts/earnings-call-transcript-nbt-bancorp-q2-2025-misses-eps-forecast-stock-rises-93CH-4157983