NBT Bancorp Inc. (NASDAQ:NBTB) Declares Quarterly Dividend of $0.40

NBT Bancorp Inc. (NASDAQ:NBTB) announced a quarterly dividend on Monday, July 27th. Shareholders of record on Tuesday, September 1st will be given a dividend of 0.40 per share by the bank on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 1st. This is a 8.1% increase from NBT Bancorp’s previous quarterly dividend of $0.37.

NBT Bancorp has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 12 years. NBT Bancorp has a dividend payout ratio of 35.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect NBT Bancorp to earn $4.45 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 33.3%.

NBT Bancorp Stock Performance

Shares of NBTB stock opened at $52.52 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.09. NBT Bancorp has a 52 week low of $39.19 and a 52 week high of $53.33. The stock has a market capitalization of $2.73 billion, a PE ratio of 14.96 and a beta of 0.48. The firm has a 50 day moving average of $48.51 and a two-hundred day moving average of $45.50.

NBT Bancorp (NASDAQ:NBTB) last posted its quarterly earnings results on Monday, July 27th. The bank reported $1.01 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.01). NBT Bancorp had a return on equity of 11.06% and a net margin of 19.59%.The business had revenue of $186.69 million during the quarter, compared to analyst estimates of $188.81 million. On average, research analysts predict that NBT Bancorp will post 4.14 EPS for the current fiscal year.

NBT Bancorp Company Profile

NBT Bancorp, Inc (NASDAQ: NBTB) is the bank holding company for NBT Bank, N.A., a full-service commercial bank that serves both individual and corporate clients across the Northeastern United States. Through its branch network and digital channels, the company offers a comprehensive range of commercial banking services, including business lending, treasury management, cash management and specialized industry financing. Its consumer banking platform provides checking and savings accounts, certificates of deposit, home mortgages, home equity lines of credit and other lending solutions tailored to meet personal and household financial needs.

In addition to traditional banking, NBT Bancorp delivers wealth management and fiduciary services through its trust division, offering investment advisory, trust administration, retirement planning and estate settlement.