As previously reported, Janney Montgomery Scott upgraded NBT Bancorp to Buy from Neutral with an unchanged fair value estimate of $39. Recent public and private investments in upstate and central New York will lead investors to seek out banks with higher relative exposure to the chip corridor as “an investable thesis,” contends the analyst, who adds that the firm is “high on the Street for 2024 net interest revenue expectations,” leading to its estimates being above consensus.
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Read More on NBTB:
- NBT Bancorp Unveils Executive Presentation for Investor Meetings
- NBT Bancorp upgraded to Overweight from Equal Weight at Stephens
- NBT Bancorp price target lowered to $41 from $42 at Piper Sandler
- NBT Bancorp reports Q4 EPS 72c, consensus 75c
- NBT Bancorp Inc. Announces Full Year Net Income and Declares Dividend
