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.
如果你買入並持有某隻股票多年,那麼你希望能獲得利潤。更好的是,你希望看到股價上漲超過市場平均水平。不幸的是,對於股東,儘管NBt bancorp股價在過去五年中上漲了33%,但仍不及市場回報。更好的是,更多新股東可能對過去12個月的31%股價增長感到滿意。
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.
由於該股票在僅過去一週內增加了1.22億美元的市值,請看看基礎業績是否推動了長期回報。
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.
儘管一些人繼續教授有效市場假說,但已經證明市場是過度反應的動態系統,並且投資者並不總是理性的。通過比較每股收益(EPS)和股價的變化情況,我們可以了解投資者對公司的態度如何隨着時間變化而變化。
During five years of share price growth, NBT Bancorp actually saw its EPS drop 0.9% per year.
在五年的股價增長中,NBt Bancorp實際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,很難認爲每股收益是判斷公司的最佳指標,因爲它可能在此時未被優化以獲取利潤。因此,值得查看其他指標以嘗試了解股價的動向。
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的營業收入增長良好,過去五年的複合增長率爲5.0%。目前,管理層很可能把收入增長放在EPS增長之前。
The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).
下圖顯示了收益和營收隨時間變化的情況(如果你點擊圖像,可以看到更多細節):
![big](https://newsfile.futunn.com/public/NN-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,該公司的CEO薪酬低於同等規模公司的中位數。但是,儘管CEO薪酬始終值得檢查,但真正重要的問題是該公司未來是否可以增加收益。如果您正在考慮購買或出售NBt Bancorp股票,應查看這份免費報告,其中顯示分析師的利潤預測。
What About Dividends?
那麼分紅怎麼樣呢?
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.
在考慮投資回報時,重要的是要考慮總股東回報(TSR)和股價回報之間的差異。 TSR包括任何剝離或折價的融資,以及基於股息再投資的任何股息。因此,對於支付慷慨的股息的公司而言,TSR往往比股價回報高得多。在NBt bancorp的情況下,其過去5年的TSR爲56%。這超過了我們先前提到的股價回報。公司支付的股息已推動了總股東回報。
A Different Perspective
不同的觀點
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.
很高興看到NBt Bancorp股東在過去一年裏獲得了36%的總股東回報。當然,這包括股息。這種增長比過去五年的年平均TSR(9%)更高。因此,最近的公司情緒似乎是積極向上的。在最好的情況下,這可能暗示着一些真實的業務動力,這意味着現在可能是深入研究的好時機。在更多地花時間研究NBt Bancorp之前,可能最好點擊此處查看內部人是否一直在購買或出售股票。
For those who like to find winning investments this free list of undervalued companies with recent insider purchasing, could be just the ticket.
對於那些喜歡尋找獲勝投資的人來說,最近有內部購買的低估公司免費列表可能是一個很好的選擇。
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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@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。
譯文內容由第三人軟體翻譯。