NBT Bancorp ( (NBTB) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
NBT Bancorp’s stock has caught the attention of investors after Piper Sandler upgraded it to Overweight. The upgrade comes despite a 17% decline in the stock’s value this year, which the firm believes is unjustified. Analyst Mark Fitzgibbon highlights the company’s promising recovery potential, driven by the successful integration of the Evans deal and strong performance in its auto lending sector. These positive factors suggest a higher trading multiple and potential for price growth.
More about NBT Bancorp
YTD Price Performance: -14.99%
Average Trading Volume: 185,774
Technical Sentiment Signal: Hold
Current Market Cap: $2.06B
For further insights into NBTB stock on TipRanks’ Stock Analysis page.
See more of today’s top stock gainers and losers.