Piper Sandler Rates NBT Bancorp (NBTB) buy, $56 Price Target

Piper Sandler maintains its buy rating on NBT Bancorp Inc. with a $56 price target, a 13.89% upside from the current price.

By EarningsIQ Research Desk · Published Jun 26, 2026, 11:02 AM EDT · Updated Jun 30, 2026, 1:01 PM EDT

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Piper Sandler rated NBT Bancorp Inc. ($NBTB) "buy" with a $56 price target on June 26, 2026.

Since the rating, $NBTB is up 1.2% after 1 week, up 5.9% after 1 month and up 3.4% to date (from the $49.20 close on Jun 26, 2026).

NBTB NBT Bancorp Inc.

$50.85 +25.31% year to date

Daily close · Oct 16, 2026

Key Points

Piper Sandler reiterated its buy rating on NBT Bancorp Inc. (NBTB), setting a price target of $56 as of June 26, 2026.
Piper Sandler's $56 price target implies 13.89% upside from NBT Bancorp Inc.'s ($NBTB) current $49.17 share price.
Shares of NBT Bancorp Inc. traded near $49.26 on Friday, with a market cap of approximately $2.56 billion and a P/E ratio of 13.9.
Insiders at NBT Bancorp have been active, with EVP Andrew Kowalczyk III buying 1,128 shares on May 21, 2026.

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Piper Sandler reiterated its buy rating on NBT Bancorp Inc. (NasdaqGS: NBTB) on June 26, 2026. Analyst Manuel Navas set a price target of $56, maintaining a positive outlook on the regional bank.

Analyst rating track record

Piper Sandler vs. the S&P 500

YTD return -13.43% hypothetical

All-time return +29.48% S&P 500 +34.03%

vs. S&P 500 -4.55% behind the index

Hypothetical returns from Piper Sandler's disclosed trades, not real profit or advice. How we model this.

Other Institutional Activity in NBT Bancorp Inc.

Several institutional investors have adjusted their positions in NBT Bancorp Inc. BlackRock, Inc. slightly reduced its holdings by 2,143 shares, retaining about 7.4 million shares valued at $315.1 million. Vanguard Portfolio Management LLC opened a new position with 3,475,187 shares worth approximately $148 million. State Street Corp increased its stake by 53,566 shares, bringing its total to about 2.49 million shares valued at $105.9 million. Dimensional Fund Advisors LP added 30,141 shares, ending with 2.33 million shares valued at $99.3 million. Geode Capital Management, LLC raised its holdings by 56,852 shares, holding a total of 1.33 million shares valued at $56.6 million.

NBT Bancorp Inc. Stock Down 4.5%

Shares of NBT Bancorp Inc. traded near $49.26 on Friday. The company has a market cap of about $2.56 billion and a P/E ratio of 13.9. Its stock has a 52-week low of $39.20 and a high of $49.49. The 50-day moving average is $45.73, while the 200-day moving average stands at $43.39. The stock's beta is relatively low at 0.5, indicating less volatility compared to the broader market.

12-month forecast

$NBTB price target

NBT Bancorp Inc. daily closes and this analyst's $56 target. Not advice.

Recent Earnings

NBT Bancorp Inc. reported revenue of approximately $696.6 million, with a revenue growth rate of 21.6%. The company achieved a net margin of 26.4% and a return on equity of 10.6%. Earnings per share were reported at $3.54. The next earnings release is scheduled for April 23, 2026.

Dividend

NBT Bancorp Inc. offers a dividend with an annual rate of $1.48, yielding 3.0%. The dividend payout ratio stands at 40.96%.

Insider Buying and Selling at NBT Bancorp Inc.

Recent insider activity at NBT Bancorp Inc. includes several transactions. On May 21, 2026, EVP Andrew Kowalczyk III purchased 1,128 shares at an average price of $45.86. Other insiders, such as EVP Ruth Mahoney and General Counsel Martin Sparks, sold shares earlier in June, with prices around $48.04.

Analysts Set New Price Targets

On June 26, 2026, Piper Sandler maintained its buy rating on NBT Bancorp Inc. with a $56 price target. DA Davidson also maintained a buy rating on April 27, 2026, with a target of $52. The consensus among analysts is a buy, with an average target price of $49.42 based on six analyst opinions.

About NBT Bancorp Inc.

NBT Bancorp Inc., headquartered in Norwich, New York, is a financial holding company providing a range of banking services. It operates in upstate New York and several other northeastern states, offering personal and commercial banking, wealth management, and insurance services. The company is led by CEO Scott A. Kingsley and employs over 2,300 people.

Bottom Line

Piper Sandler's reiteration of its buy rating on NBT Bancorp Inc. underscores confidence in the company's prospects. The bank's solid financials, combined with active institutional and insider interest, make it a stock to watch. As always, 13F filings and analyst ratings are backward-looking and should be considered as part of a broader investment strategy.