NBT Bancorp Inc. (NASDAQ:NBTB) Director V Daniel Robinson II Sells 194 Shares

NBT Bancorp Inc. (NASDAQ:NBTB - Get Free Report) Director V Daniel Robinson II sold 194 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $51.70, for a total transaction of $10,029.80. Following the sale, the director now owns 18,849 shares of the company's stock, valued at $974,493.30. This represents a 1.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

V Daniel Robinson II also recently made the following trade(s):

• On Monday, September 16th, V Daniel Robinson II sold 30,000 shares of NBT Bancorp stock. The stock was sold at an average price of $44.78, for a total value of $1,343,400.00.

NBT Bancorp Stock Down 0.0 %

Shares of NBT Bancorp stock traded down $0.02 on Friday, reaching $51.66. 207,706 shares of the company were exchanged, compared to its average volume of 203,904. The stock's 50 day moving average price is $47.67 and its 200-day moving average price is $44.51. The company has a market cap of $2.44 billion, a P/E ratio of 18.19 and a beta of 0.52. NBT Bancorp Inc. has a 1-year low of $32.79 and a 1-year high of $52.31. 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 announced its quarterly earnings data on Monday, October 28th. The bank reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.78 by $0.02. The business had revenue of $202.00 million for the quarter, compared to analyst estimates of $144.70 million. NBT Bancorp had a net margin of 17.37% and a return on equity of 9.36%. During the same period last year, the business earned $0.84 EPS. As a group, equities analysts forecast that NBT Bancorp Inc. will post 2.94 EPS for the current year.

NBT Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Monday, December 2nd. NBT Bancorp's dividend payout ratio (DPR) is presently 47.89%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. DA Davidson assumed coverage on shares of NBT Bancorp in a research report on Thursday. They set a "neutral" rating and a $60.00 price target for the company. Stephens restated an "equal weight" rating and set a $49.00 price target on shares of NBT Bancorp in a research report on Tuesday, September 10th. Keefe, Bruyette & Woods boosted their price objective 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 research report on Tuesday. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, NBT Bancorp currently has a consensus rating of "Moderate Buy" and an average price target of $48.17.

Institutional Investors Weigh In On NBT Bancorp

Several institutional investors have recently added to or reduced their stakes in NBTB. GAMMA Investing LLC increased 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 buying an additional 252 shares during the period. US Bancorp DE purchased a new position in shares of NBT Bancorp during the third quarter worth approximately $57,000. Quest Partners LLC acquired a new position in shares of NBT Bancorp in the 3rd quarter valued at $57,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in NBT Bancorp during the 3rd quarter worth $103,000. Finally, Focused Wealth Management Inc purchased a new position in NBT Bancorp during the 3rd quarter worth $217,000. Hedge funds and other institutional investors own 58.46% of the company's stock.

About NBT Bancorp

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.