NBT Bancorp Inc. (NASDAQ:NBTB - Get Free Report) EVP Amy Wiles sold 500 shares of the business's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $51.31, for a total value of $25,655.00. Following the sale, the executive vice president now directly owns 27,409 shares in the company, valued at $1,406,355.79. This trade represents a 1.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Amy Wiles also recently made the following trade(s):
- On Thursday, November 7th, Amy Wiles sold 1,000 shares of NBT Bancorp stock. The stock was sold at an average price of $50.10, for a total value of $50,100.00.
NBT Bancorp Trading Up 1.3 %
NBTB traded up $0.67 during trading on Monday, hitting $52.33. The company's stock had a trading volume of 292,958 shares, compared to its average volume of 204,272. NBT Bancorp Inc. has a twelve month low of $32.79 and a twelve month high of $52.39. The stock has a market cap of $2.47 billion, a PE ratio of 18.32 and a beta of 0.52. The firm's 50 day moving average price is $47.67 and its 200-day moving average price is $44.57. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.87 and a quick ratio of 0.87.
NBT Bancorp (NASDAQ:NBTB - Get Free Report) last released its earnings results on Monday, October 28th. The bank reported $0.80 EPS for the quarter, beating the consensus estimate of $0.78 by $0.02. The firm had revenue of $202.00 million during the quarter, compared to analyst estimates of $144.70 million. NBT Bancorp had a return on equity of 9.36% and a net margin of 17.37%. During the same period in the prior year, the firm posted $0.84 earnings per share. On average, analysts expect that NBT Bancorp Inc. will post 2.94 earnings per share for the current year.
NBT Bancorp Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.34 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.36 annualized dividend and a dividend yield of 2.60%. NBT Bancorp's dividend payout ratio is presently 47.89%.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on NBTB. Stephens restated an "equal weight" rating and set a $49.00 target price on shares of NBT Bancorp in a research report on Tuesday, September 10th. DA Davidson assumed coverage on NBT Bancorp in a research report on Thursday. They set a "neutral" rating and a $60.00 price objective for the company. Keefe, Bruyette & Woods increased their target price on NBT Bancorp from $50.00 to $55.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Finally, StockNews.com raised NBT Bancorp from a "sell" rating to a "hold" rating in a report on Tuesday, December 10th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $48.17.
Get Our Latest Stock Report on NBT Bancorp
Institutional Investors Weigh In On NBT Bancorp
Institutional investors have recently bought and sold shares of the stock. Eagle Asset Management Inc. lifted its holdings in shares of NBT Bancorp by 76.3% during the 3rd quarter. Eagle Asset Management Inc. now owns 378,898 shares of the bank's stock valued at $16,759,000 after acquiring an additional 163,952 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new position in shares of NBT Bancorp in the third quarter worth about $439,000. Edgestream Partners L.P. purchased a new position in NBT Bancorp in the second quarter valued at about $1,974,000. Ceredex Value Advisors LLC increased its holdings in NBT Bancorp by 2.6% during the 2nd quarter. Ceredex Value Advisors LLC now owns 219,500 shares of the bank's stock worth $8,473,000 after purchasing an additional 5,500 shares during the last quarter. Finally, Raymond James & Associates raised its position in shares of NBT Bancorp by 3.9% in the 3rd quarter. Raymond James & Associates now owns 95,062 shares of the bank's stock valued at $4,205,000 after purchasing an additional 3,540 shares in the last quarter. 58.46% of the stock is currently owned by hedge funds and other institutional investors.
NBT Bancorp Company Profile
(
Get Free Report)
NBT Bancorp Inc, a financial holding company, provides commercial banking, retail banking, and wealth management services. Its deposit products include demand deposit, savings, negotiable order of withdrawal, money market deposit, and certificate of deposit accounts. The company's loan portfolio comprises indirect and direct consumer, home equity, mortgages, business banking loans, and commercial loans; commercial and industrial, commercial real estate, agricultural, and commercial construction loans; and residential real estate loans.
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