NBT Bancorp (NASDAQ:NBTB) Jumps 5.4% This Week, Though Earnings Growth Is Still Tracking Behind Three-year Shareholder Returns
NBT Bancorp (NASDAQ:NBTB) Jumps 5.4% This Week, Though Earnings Growth Is Still Tracking Behind Three-year Shareholder Returns
One simple way to benefit from the stock market is to buy an index fund. But if you choose individual stocks with prowess, you can make superior returns. For example, NBT Bancorp Inc. (NASDAQ:NBTB) shareholders have seen the share price rise 19% over three years, well in excess of the market return (12%, not including dividends).
從股市中獲益的一個簡單方法是購買指數基金。但是,如果你選擇具有專業技能的個別股票,你可以獲得更優的回報。例如,NBT Bancorp股東(NASDAQ: NBTB)已經看到股價在三年內上漲了19%,遠遠超過市場回報率(12%,不包括分紅)。
On the back of a solid 7-day performance, let's check what role the company's fundamentals have played in driving long term shareholder returns.
在穩定的七天表現之後,讓我們看看公司的基本面對長期股東回報的影響。
Check out our latest analysis for NBT Bancorp
查看我們針對NBT Bancorp的最新分析
To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.
引用巴菲特的話說,“船隻會在世界各地航行,但是持平地球學會會蓬勃發展。在市場上,價格和價值之間將繼續存在巨大的差距……”評估公司周圍情緒變化的一種有缺陷但合理的方法是將每股收益(EPS)與股價進行比較。
NBT Bancorp was able to grow its EPS at 5.2% per year over three years, sending the share price higher. We note that the 6% yearly (average) share price gain isn't too far from the EPS growth rate. Coincidence? Probably not. This observation indicates that the market's attitude to the business hasn't changed all that much. Rather, the share price has approximately tracked EPS growth.
NBT Bancorp能夠實現每年5.2%的EPS增長,推高股價。我們注意到,每年6%的股價增長與EPS增長率差距不大。這種觀察表明市場對業務的態度並沒有發生太大變化。相反,股價大致跟蹤EPS的增長。
The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).
下圖顯示了EPS隨時間變化的情況(點擊圖像以顯示確切值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231205/0-a34f074385794c8e871c5886256bc2bf-0-f72a6e950ba2c4c8c94fb2c90560fb4a.png/big)
We like that insiders have been buying shares in the last twelve months. Even so, future earnings will be far more important to whether current shareholders make money. It might be well worthwhile taking a look at our free report on NBT Bancorp's earnings, revenue and cash flow.
我們喜歡內部人士在過去的十二個月裏購買了股票。然而,未來的盈利對於現有股東是否賺錢更加重要。查看我們關於NBT Bancorp的收益、營業收入和現金流的免費報告可能非常值得。
What About Dividends?
那麼分紅怎麼樣呢?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of NBT Bancorp, it has a TSR of 31% for the last 3 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!
除了衡量股價回報率,投資者還應該考慮總股東回報率(TSR)。TSR 還包括根據分紅再投資假設支付任何剝離或折價資本增加價值的股息。可以說,TSR 爲支付分紅的股票提供了更完整的圖片。對於NBT Bancorp而言,其TSR在過去的3年中爲31%。這超過了我們之前提到的股價回報率。這主要是由於其分紅支付所致!
A Different Perspective
不同的觀點
NBT Bancorp shareholders are down 9.3% for the year (even including dividends), but the market itself is up 16%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. On the bright side, long term shareholders have made money, with a gain of 4% per year over half a decade. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. For instance, we've identified 1 warning sign for NBT Bancorp that you should be aware of.
NBT Bancorp股東在今年下跌了9.3%(即包括分紅),但市場本身上漲了16%。然而,需要記住,即使最好的股票有時也會在十二個月的時間內表現不佳。好消息是,長期的股東已經賺了錢,五年內每年增長了4%。最近的拋售可能是一個機會,因此檢查基本數據以尋找長期增長趨勢的跡象可能是值得的。雖然考慮市場條件對股價的不同影響是值得考慮的,但還有其他更加重要的因素。例如,我們已經確定了1個NBT Bancorp的警告信號,你應該注意。
NBT Bancorp is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
NBT Bancorp不是唯一一個內部人士正在購買股票的股票。對於那些喜歡找到獲勝投資的人,這個帶最近內部人士購買的成長公司的免費列表可能是一個好選擇。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.
請注意,本文所引述的市場回報反映了目前在美國交易所上市的股票的市場加權平均回報。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或者,發送電子郵件至editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。