NBT Bancorp Inc. (NBTB) To Go Ex-Dividend on September 1st

NBT Bancorp Inc. (NASDAQ:NBTB) announced a quarterly dividend on Monday, July 27th. Investors 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) annualized dividend and a yield of 3.1%. The ex-dividend date 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 by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 12 consecutive years. NBT Bancorp has a dividend payout ratio of 37.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect NBT Bancorp to earn $4.50 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 35.6%.

NBT Bancorp Stock Up 0.2%

NASDAQ NBTB opened at $51.55 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.08. The company has a fifty day moving average of $51.52 and a two-hundred day moving average of $46.94. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 12.60 and a beta of 0.48. NBT Bancorp has a 52 week low of $39.19 and a 52 week high of $54.50.

NBT Bancorp (NASDAQ:NBTB) last posted its quarterly earnings data on Monday, July 27th. The bank reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.01). The firm had revenue of $186.69 million for the quarter, compared to the consensus estimate of $188.81 million. NBT Bancorp had a net margin of 22.58% and a return on equity of 11.27%. On average, analysts predict that NBT Bancorp will post 4.15 earnings per share for the current year.

About NBT Bancorp

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.