US LNG exports surge but will buyers in China turn up?
On June 3, Jason David Brown, a director at NBT Bancorp Inc . (NASDAQ:NBTB), a $1.94 billion regional bank with a solid 3.27% dividend yield, purchased 350 shares of the company’s common stock. According to InvestingPro analysis, NBTB currently trades below its Fair Value, making this insider purchase particularly noteworthy. The shares were acquired at a price of $41.10 each, resulting in a total transaction value of $14,385. Following this purchase, Brown’s total ownership in NBT Bancorp stands at 7,364 shares. The company trades at an attractive P/E ratio of 13.5x and has maintained dividend payments for 40 consecutive years. InvestingPro subscribers can access 6 additional key insights about NBTB, including detailed insider trading analysis and comprehensive valuation metrics.
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 projected $0.74. Revenue also surpassed forecasts, reaching $154.67 million against an anticipated $151.04 million. The company completed its merger with Evans Bancorp (NYSE:EVBN), expanding its branch network into Western New York and adding 18 new locations. This strategic move aligns with NBT’s growth plans in Upstate New York. DA Davidson adjusted its outlook on NBT Bancorp by lowering the price target to $53 from $57 while maintaining a Buy rating, citing robust net interest income and operational performance. Additionally, NBT Bancorp declared a quarterly cash dividend of $0.34 per share, continuing its policy of delivering shareholder value. The company also highlighted a net interest margin expansion of 10 basis points quarter-over-quarter and a 6% growth in deposits. NBT Bancorp’s strategic initiatives and financial performance continue to reflect its strong market position and growth trajectory.
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