NBT Bancorp Inc. (NBTB) Analysts See $0.58 EPS; Associated Banc-corp (ASB) Shorts Increased By 1.43%

April 17, 2018 - By Linda Rogers

Associated Banc-Corp (NYSE:ASB) Logo

Analysts expect NBT Bancorp Inc. (NASDAQ:NBTB) to report $0.58 EPS on April, 23 after the close.They anticipate $0.12 EPS change or 26.09% from last quarter’s $0.46 EPS. NBTB’s profit would be $25.30 million giving it 15.55 P/E if the $0.58 EPS is correct. After having $0.50 EPS previously, NBT Bancorp Inc.’s analysts see 16.00% EPS growth. The stock increased 1.09% or $0.39 during the last trading session, reaching $36.08. About 46,905 shares traded. NBT Bancorp Inc. (NASDAQ:NBTB) has declined 4.99% since April 17, 2017 and is downtrending. It has underperformed by 16.54% the S&P500.

Associated Banc-corp (NYSE:ASB) had an increase of 1.43% in short interest. ASB’s SI was 5.28 million shares in April as released by FINRA. Its up 1.43% from 5.21 million shares previously. With 1.70 million avg volume, 3 days are for Associated Banc-corp (NYSE:ASB)’s short sellers to cover ASB’s short positions. The SI to Associated Banc-corp’s float is 3.56%. The stock increased 1.02% or $0.25 during the last trading session, reaching $24.7. About 1.35 million shares traded. Associated Banc-Corp (NYSE:ASB) has risen 5.34% since April 17, 2017 and is uptrending. It has underperformed by 6.21% the S&P500.

Investors sentiment increased to 1.34 in 2017 Q4. Its up 0.22, from 1.12 in 2017Q3. It is positive, as 20 investors sold Associated Banc-Corp shares while 63 reduced holdings. 36 funds opened positions while 75 raised stakes. 117.28 million shares or 2.35% more from 114.59 million shares in 2017Q3 were reported. Citigroup accumulated 3,421 shares. Dalton Greiner Hartman Maher And reported 845,082 shares or 1.12% of all its holdings. Winch Advisory Limited Liability Company owns 585 shares. Geode Cap Limited Liability invested 0.01% of its portfolio in Associated Banc-Corp (NYSE:ASB). Ameritas Prns reported 45,582 shares stake. Prospector Ltd stated it has 0.72% of its portfolio in Associated Banc-Corp (NYSE:ASB). Zeke Cap Llc stated it has 0.05% of its portfolio in Associated Banc-Corp (NYSE:ASB). Cap One Natl Association has 99,255 shares. Sterling Mngmt Ltd Co reported 0.01% in Associated Banc-Corp (NYSE:ASB). Keybank National Association Oh holds 0.01% of its portfolio in Associated Banc-Corp (NYSE:ASB) for 75,100 shares. Bank Of New York Mellon stated it has 3.68M shares. 10,501 were accumulated by Oppenheimer Asset Management. Chicago Equity reported 46,955 shares. Dorsey Whitney Tru Ltd Liability owns 83,608 shares. Gateway Advisers Limited Liability reported 304,439 shares stake.

Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses primarily in Wisconsin, Illinois, and Minnesota. The company has market cap of $4.21 billion. The Company’s Corporate and Commercial Specialty segment offers deposit and cash management solutions, such as commercial checking and interest-bearing deposit products, cash vault and night depository services, liquidity solutions, payables and receivables solutions, and information services; and lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset based lending, and loan syndications. It has a 17.39 P/E ratio. This segment also provides specialized financial services that comprise interest rate risk management, foreign exchange solutions, and commodity hedging services.

Among 15 analysts covering Associated Banc (NYSE:ASB), 1 have Buy rating, 1 Sell and 13 Hold. Therefore 7% are positive. Associated Banc has $29.0 highest and $19 lowest target. $26.60’s average target is 7.69% above currents $24.7 stock price. Associated Banc had 41 analyst reports since October 9, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained it with “Hold” rating and $26.0 target in Friday, September 22 report. The stock has “Buy” rating by Deutsche Bank on Wednesday, January 13. Jefferies maintained the stock with “Hold” rating in Friday, September 15 report. As per Thursday, December 15, the company rating was upgraded by Bank of America. The company was maintained on Thursday, December 21 by Keefe Bruyette & Woods. The stock of Associated Banc-Corp (NYSE:ASB) earned “Hold” rating by Keefe Bruyette & Woods on Thursday, January 25. As per Tuesday, October 3, the company rating was maintained by Keefe Bruyette & Woods. The firm has “Hold” rating given on Tuesday, October 31 by Robert W. Baird. The rating was downgraded by Jefferies on Monday, November 28 to “Hold”. The stock of Associated Banc-Corp (NYSE:ASB) earned “Hold” rating by Jefferies on Tuesday, October 10.

NBT Bancorp Inc. operates as the bank holding firm for NBT Bank, National Association that provides commercial banking and financial services to individuals, firms, and municipalities. The company has market cap of $1.57 billion. The companyÂ’s deposit products include demand deposit accounts, savings accounts, negotiable order of withdrawal accounts, money market deposit accounts, and certificate of deposit accounts. It has a 19.29 P/E ratio. The Company’s loan portfolio comprises commercial loans, commercial real estate loans, agricultural and agricultural real estate loans, and business banking loans; consumer loans, such as indirect, home equity, and direct loans; and residential real estate mortgages, as well as real estate construction and development loans.

Among 6 analysts covering NBT Bancorp Inc (NASDAQ:NBTB), 0 have Buy rating, 0 Sell and 6 Hold. Therefore 0 are positive. NBT Bancorp Inc had 20 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Hold” rating by Keefe Bruyette & Woods given on Tuesday, July 25. The stock of NBT Bancorp Inc. (NASDAQ:NBTB) earned “Hold” rating by Keefe Bruyette & Woods on Tuesday, October 3. Boenning & Scattergood maintained the shares of NBTB in report on Wednesday, January 24 with “Hold” rating. The firm earned “Neutral” rating on Thursday, January 7 by Piper Jaffray. Keefe Bruyette & Woods maintained the shares of NBTB in report on Thursday, December 21 with “Hold” rating. Boenning & Scattergood maintained the stock with “Sell” rating in Tuesday, July 25 report. Boenning & Scattergood maintained the shares of NBTB in report on Tuesday, August 15 with “Hold” rating. The rating was maintained by Sandler O’Neill on Wednesday, January 3 with “Hold”. As per Thursday, July 13, the company rating was maintained by Piper Jaffray. PiperJaffray upgraded the shares of NBTB in report on Thursday, June 8 to “Neutral” rating.

NBT Bancorp Inc. (NASDAQ:NBTB) Institutional Positions Chart

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