Is NBT Bancorp, Inc. overvalued or undervalued?

As of 29 August 2025, the valuation grade for NBT Bancorp, Inc. moved from expensive to fair, indicating a more favorable assessment of its stock. The company appears fairly valued based on its current metrics, with a P/E ratio of 17, a Price to Book Value of 1.57, and an EV to EBITDA of 12.65. In comparison to peers, UMB Financial Corp. has a higher P/E of 19.64, while Axos Financial, Inc. shows a lower P/E of 13.92, suggesting NBT Bancorp is positioned competitively within its industry.
Despite recent underperformance relative to the S&P 500, with a year-to-date return of -7.47% compared to the index's 12.22%, the company's strong dividend yield of 261.27% and ROE of 9.31% may attract investors looking for income and stability. Overall, NBT Bancorp's valuation metrics suggest it is fairly valued in the current market environment.