This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Buy-Rated Bank Stocks With Safe and Solid Dividends (Update 1)

2. NBT Bancorp

Shares of NBT Bancorp (NBTB - Get Report) 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.
5 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
BOH $59.00 -2.67%
DCOM $16.30 -1.21%
JPM $53.07 -4.41%
NBTB $25.03 -0.75%
AAPL $93.70 -0.60%


Chart of I:DJI
DOW 15,660.18 -254.56 -1.60%
S&P 500 1,829.08 -22.78 -1.23%
NASDAQ 4,266.8370 -16.7550 -0.39%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs