2. NBT Bancorp
Shares of NBT Bancorp (NBTB) of Norwich, N.Y., closed at $19.27 Monday, down 11% Year-to-date, following a 5% decline last year. Based on a quarterly payout of 20 cents, the shares have a dividend yield of 4.15%.
The shares trade for 1.6 times tangible book value, and for 11.5 times the consensus 2013 EPS estimate of $1.68. The consensus 2012 EPS estimate is $1.61.NBT Bancorp had $5.8 billion in total assets as of March 31, and earned $13.65 million, or 41 cents a share, during the first quarter, declining slightly from $13.72 million, or 41 cents a share during the fourth quarter, and from $14.3 million, or 41 cents a share, during the first quarter of 2011. The first-quarter operating ROA was 0.96%, declining from 0.98% the previous quarter, and 1.06% a year earlier, according to Thomson Reuters Bank Insight. The first-quarter dividend payout ratio was 49%. The company in November agreed to acquire Hampshire First Bank (HFBN) of Manchester, to pick up $273 million in assets and five New Hampshire branches, for $45 million in stock and cash. The deal is expected to be closed this month. Guggenheim Securities analyst David Darst has a neutral rating for NBT, with $22 price target, saying on April 24 that first-quarter profitability remained "solid," but "underlying trends reflect a softer outlook for 2012," but that he "anticipates" recent branch acquisitions and the pending purchase of Hampshire First Bank "will contribute to earnings in 2013." Darst estimate that NBT will earn $1.64 a share during 2012, followed by 2013 EPS of $1.71. Interested in more on NBT Bancorp? See TheStreet Ratings' report card for this stock.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV