Boenning & Scattergood analyst Erik Zwick maintained a Hold rating on NBT Bancorp Inc (NBTB) today. The company’s shares opened today at $38.06.
Zwick commented:
“We feel a premium multiple is warranted and shares are fairly valued at present. We maintain our Neutral rating.”
According to TipRanks.com, Zwick is a 1-star analyst with an average return of -0.6% and a 49.0% success rate. Zwick covers the Financial sector, focusing on stocks such as The First Of Long Island Corp, Provident Financial Services, and Bankwell Financial Group.
The word on The Street in general, suggests a Hold analyst consensus rating for NBT Bancorp Inc with a $39 average price target, which is a 2.5% upside from current levels. In a report released today, Piper Jaffray also maintained a Hold rating on the stock with a $39 price target.
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NBT Bancorp Inc’s market cap is currently $1.66B and has a P/E ratio of 14.88. The company has a Price to Book ratio of 1.63.
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NBT Bancorp, Inc. is a financial holding company, which engages in the provision of banking services through its subsidiaries NBT Bank. It also offers retail, and wealth management services. The company was founded in 1986 and is headquartered in Norwich, NY.
