NBT Bancorp Inc. (NASDAQ:NBTB - Get Free Report) Director Heidi M. Hoeller bought 678 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average price of $48.45 per share, with a total value of $32,849.10. Following the completion of the transaction, the director now directly owns 6,437 shares of the company's stock, valued at $311,872.65. This trade represents a 11.77 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
NBT Bancorp Price Performance
Shares of NBTB stock traded up $0.84 on Tuesday, reaching $49.14. 107,421 shares of the company were exchanged, compared to its average volume of 204,260. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 16.60 and a beta of 0.52. The business has a 50-day moving average price of $48.43 and a 200 day moving average price of $47.11. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.87 and a current ratio of 0.87. NBT Bancorp Inc. has a 1 year low of $32.79 and a 1 year high of $52.44.
NBT Bancorp (NASDAQ:NBTB - Get Free Report) last released its earnings results on Monday, January 27th. The bank reported $0.77 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.01). NBT Bancorp had a return on equity of 9.39% and a net margin of 17.84%. During the same quarter in the previous year, the firm posted $0.72 EPS. Equities research analysts forecast that NBT Bancorp Inc. will post 3.69 earnings per share for the current fiscal year.
NBT Bancorp Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.77%. NBT Bancorp's dividend payout ratio is currently 45.95%.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on NBTB shares. Stephens upgraded shares of NBT Bancorp from an "equal weight" rating to an "overweight" rating and set a $53.00 target price for the company in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods lifted their price objective on shares of NBT Bancorp from $50.00 to $55.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. StockNews.com cut shares of NBT Bancorp from a "hold" rating to a "sell" rating in a report on Thursday, January 16th. Finally, DA Davidson initiated coverage on shares of NBT Bancorp in a report on Thursday, December 12th. They issued a "neutral" rating and a $60.00 price objective for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, NBT Bancorp currently has a consensus rating of "Moderate Buy" and an average target price of $51.75.
Read Our Latest Report on NBTB
Institutional Trading of NBT Bancorp
Institutional investors and hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC acquired a new position in NBT Bancorp during the second quarter worth about $214,000. GAMMA Investing LLC boosted its position in NBT Bancorp by 47.9% during the third quarter. GAMMA Investing LLC now owns 778 shares of the bank's stock worth $34,000 after acquiring an additional 252 shares during the last quarter. Inspire Investing LLC boosted its position in NBT Bancorp by 3.7% during the third quarter. Inspire Investing LLC now owns 9,378 shares of the bank's stock worth $415,000 after acquiring an additional 331 shares during the last quarter. Raymond James & Associates boosted its position in NBT Bancorp by 3.9% during the third quarter. Raymond James & Associates now owns 95,062 shares of the bank's stock worth $4,205,000 after acquiring an additional 3,540 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in NBT Bancorp by 3.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 144,642 shares of the bank's stock worth $6,398,000 after acquiring an additional 5,235 shares during the last quarter. Hedge funds and other institutional investors own 58.46% of the company's stock.
NBT Bancorp Company Profile
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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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