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In a recent transaction, Heidi M. Hoeller, a director at NBT Bancorp Inc . (NASDAQ:NBTB), purchased 2,553 shares of the company’s common stock on April 29, 2025. The $2 billion market cap regional bank currently trades at an attractive P/E ratio of 14x and according to InvestingPro analysis, appears undervalued relative to its Fair Value. The shares were acquired at an average price of $43.21, amounting to a total transaction value of approximately $110,314. Following this acquisition, Hoeller’s direct ownership in NBT Bancorp stands at 8,990 shares. This transaction was executed under the guidance of Annette L. Burns, acting as Power of Attorney for Hoeller. The bank has maintained dividend payments for 40 consecutive years, with a current yield of 3.2% and recent dividend growth of 6.25%. For deeper insights into insider transactions and comprehensive financial analysis, including 8 additional key ProTips, visit InvestingPro.
In other recent news, NBT Bancorp reported strong financial results for the first quarter of 2025, exceeding earnings expectations with an EPS of $0.80 compared to the forecasted $0.74. The company also outperformed revenue projections, posting $154.67 million against an anticipated $151.04 million, marking a 12% increase year-over-year. Additionally, NBT Bancorp’s net interest margin expanded by 10 basis points quarter-over-quarter, driven by an increase in net interest income, fees, and operational expenditures. The tangible book value per share reached an all-time high of $24.74, demonstrating the company’s solid financial foundation.
The upcoming merger with Evans Bancorp (NYSE:EVBN) is expected to close soon, which is anticipated to result in a 4% tangible book value dilution but provide $0.30 in earnings accretion. DA Davidson recently adjusted its outlook on NBT Bancorp by reducing the price target to $53 from $57 while maintaining a Buy rating, reflecting confidence in the company’s long-term prospects despite potential political risks. Analysts at DA Davidson highlighted the company’s projected return on assets for 2026 at an above-peer level of 1.3%.
NBT Bancorp’s management remains focused on managing deposit costs and exploring strategic acquisitions, with an emphasis on the benefits expected from the Evans Bancorp deal. The company revised its loan growth expectations to 2-3%, down from a previous forecast of 3-5%, reflecting macroeconomic uncertainties. Despite these challenges, NBT Bancorp’s performance and strategic initiatives signal a continued focus on growth and stability in the coming quarters.
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