NBT Bancorp (NASDAQ:NBTB) Investors Are up 5.9% in the Past Week, but Earnings Have Declined Over the Last Five Years
NBT Bancorp (NASDAQ:NBTB) Investors Are up 5.9% in the Past Week, but Earnings Have Declined Over the Last Five Years
If you buy and hold a stock for many years, you'd hope to be making a profit. Better yet, you'd like to see the share price move up more than the market average. Unfortunately for shareholders, while the NBT Bancorp Inc. (NASDAQ:NBTB) share price is up 33% in the last five years, that's less than the market return. On a brighter note, more newer shareholders are probably rather content with the 31% share price gain over twelve months.
如果你买入并持有某只股票多年,那么你希望能获得利润。更好的是,你希望看到股价上涨超过市场平均水平。不幸的是,对于股东,尽管NBt bancorp股价在过去五年中上涨了33%,但仍不及市场回报。更好的是,更多新股东可能对过去12个月的31%股价增长感到满意。
Since the stock has added US$122m to its market cap in the past week alone, let's see if underlying performance has been driving long-term returns.
由于该股票在仅过去一周内增加了1.22亿美元的市值,请看看基础业绩是否推动了长期回报。
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.
尽管一些人继续教授有效市场假说,但已经证明市场是过度反应的动态系统,并且投资者并不总是理性的。通过比较每股收益(EPS)和股价的变化情况,我们可以了解投资者对公司的态度如何随着时间变化而变化。
During five years of share price growth, NBT Bancorp actually saw its EPS drop 0.9% per year.
在五年的股价增长中,NBt Bancorp实际上看到每年的每股收益下降了0.9%。
So it's hard to argue that the earnings per share are the best metric to judge the company, as it may not be optimized for profits at this point. Therefore, it's worth taking a look at other metrics to try to understand the share price movements.
因此,很难认为每股收益是判断公司的最佳指标,因为它可能在此时未被优化以获取利润。因此,值得查看其他指标以尝试了解股价的动向。
On the other hand, NBT Bancorp's revenue is growing nicely, at a compound rate of 5.0% over the last five years. It's quite possible that management are prioritizing revenue growth over EPS growth at the moment.
另一方面,NBt bancorp的营业收入增长良好,过去五年的复合增长率为5.0%。目前,管理层很可能把收入增长放在EPS增长之前。
The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).
下图显示了收益和营收随时间变化的情况(如果你点击图像,可以看到更多细节):
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240819/0-0dd4c1cd9ab45d51eb72f6839d61f175-0-e0ce57b1188acda2697d382b0f089b94.png/big)
It's probably worth noting that the CEO is paid less than the median at similar sized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. If you are thinking of buying or selling NBT Bancorp stock, you should check out this free report showing analyst profit forecasts.
值得注意的是,该公司的CEO薪酬低于同等规模公司的中位数。但是,尽管CEO薪酬始终值得检查,但真正重要的问题是该公司未来是否可以增加收益。如果您正在考虑购买或出售NBt Bancorp股票,应查看这份免费报告,其中显示分析师的利润预测。
What About Dividends?
那么分红怎么样呢?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. 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. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of NBT Bancorp, it has a TSR of 56% for the last 5 years. That exceeds its share price return that we previously mentioned. The dividends paid by the company have thusly boosted the total shareholder return.
在考虑投资回报时,重要的是要考虑总股东回报(TSR)和股价回报之间的差异。 TSR包括任何剥离或折价的融资,以及基于股息再投资的任何股息。因此,对于支付慷慨的股息的公司而言,TSR往往比股价回报高得多。在NBt bancorp的情况下,其过去5年的TSR为56%。这超过了我们先前提到的股价回报。公司支付的股息已推动了总股东回报。
A Different Perspective
不同的观点
It's nice to see that NBT Bancorp shareholders have received a total shareholder return of 36% over the last year. Of course, that includes the dividend. That gain is better than the annual TSR over five years, which is 9%. Therefore it seems like sentiment around the company has been positive lately. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. Before spending more time on NBT Bancorp it might be wise to click here to see if insiders have been buying or selling shares.
很高兴看到NBt Bancorp股东在过去一年里获得了36%的总股东回报。当然,这包括股息。这种增长比过去五年的年平均TSR(9%)更高。因此,最近的公司情绪似乎是积极向上的。在最好的情况下,这可能暗示着一些真实的业务动力,这意味着现在可能是深入研究的好时机。在更多地花时间研究NBt Bancorp之前,可能最好点击此处查看内部人是否一直在购买或出售股票。
For those who like to find winning investments this free list of undervalued companies with recent insider purchasing, could be just the ticket.
对于那些喜欢寻找获胜投资的人来说,最近有内部购买的低估公司免费列表可能是一个很好的选择。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.
请注意,本文所引述的市场回报反映了目前在美国交易所上市的股票的市场加权平均回报。
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