It might be of some concern to shareholders to see the NBT Bancorp Inc. (NASDAQ:NBTB) share price down 11% in the last month. But that fact in itself shouldn’t obscure what are quite decent returns over the last year. Indeed the stock is up 37% over twelve months, compared to a market return of about 35%.
In light of the stock dropping 3.8% in the past week, we want to investigate the longer term story, and see if fundamentals have been the driver of the company’s positive one-year return.
View our latest analysis for NBT Bancorp
In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.
During the last year, NBT Bancorp actually saw its earnings per share drop…
