US LNG exports surge but will buyers in China turn up?
John H. Watt Jr., a director at NBT Bancorp Inc . (NASDAQ:NBTB), recently sold 7,869 shares of the company’s common stock. The transaction, which took place on May 28, 2025, was executed at an average price of $42.0229 per share, resulting in a total sale value of approximately $330,678. Following this transaction, Watt continues to hold 116,027 shares directly in the $1.98 billion market cap regional bank.NBT Bancorp, which offers a 3.24% dividend yield and has raised dividends for 12 consecutive years, currently trades at an attractive P/E ratio of 13.8. InvestingPro analysis suggests the stock is currently undervalued, with additional ProTips available for subscribers.
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 anticipated $0.74. The company also surpassed revenue projections, posting $154.67 million against a forecast of $151.04 million. In a strategic move, NBT Bancorp completed its merger with Evans Bancorp (NYSE:EVBN), expanding its branch network into Western New York with 18 new locations. The merger brought over 200 employees and more than 40,000 customers from Evans Bank into the NBT fold, aligning with the company’s growth strategy in Upstate New York.
Additionally, NBT Bancorp declared a quarterly cash dividend of $0.34 per share, continuing its policy of delivering value to shareholders. DA Davidson adjusted its outlook on NBT Bancorp by reducing the price target to $53 from the previous $57 while maintaining a Buy rating. This adjustment followed the company’s stronger-than-expected pre-provision net revenue driven by increased net interest income and other financial metrics. The analysts at DA Davidson noted the company’s long-term prospects remain attractive despite potential political risks, supported by economic growth in upstate New York and benefits from the Evans Bancorp merger.
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