NBT Bancorp Inc. (NASDAQ:NBTB) Given Average Rating of "Moderate Buy" by Analysts

Shares of NBT Bancorp Inc. (NASDAQ:NBTB - Get Free Report) have been given a consensus rating of "Moderate Buy" by the five brokerages that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $54.50.

NBTB has been the subject of several recent research reports. Stephens raised 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 report on Wednesday, January 29th. StockNews.com downgraded shares of NBT Bancorp from a "hold" rating to a "sell" rating in a research report on Thursday, January 16th. Finally, Hovde Group assumed coverage on NBT Bancorp in a research report on Friday, March 21st. They set a "market perform" rating and a $50.00 target price on the stock.

Insider Buying and Selling

In other NBT Bancorp news, EVP Sarah A. Halliday sold 5,000 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $48.45, for a total value of $242,250.00. Following the transaction, the executive vice president now owns 25,564 shares in the company, valued at approximately $1,238,575.80. This trade represents a 16.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Heidi M. Hoeller bought 678 shares of the company's stock in a transaction dated Friday, February 7th. The shares were acquired at an average cost of $48.45 per share, with a total value of $32,849.10. Following the acquisition, the director now directly owns 6,437 shares of the company's stock, valued at approximately $311,872.65. This represents a 11.77 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.03% of the company's stock.

Institutional Trading of NBT Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its stake in NBT Bancorp by 66.5% during the fourth quarter. GAMMA Investing LLC now owns 1,295 shares of the bank's stock worth $62,000 after purchasing an additional 517 shares during the period. Sterling Capital Management LLC raised its position in shares of NBT Bancorp by 817.7% during the 4th quarter. Sterling Capital Management LLC now owns 1,450 shares of the bank's stock valued at $69,000 after buying an additional 1,292 shares during the period. Rialto Wealth Management LLC acquired a new position in NBT Bancorp in the fourth quarter valued at approximately $87,000. US Bancorp DE lifted its holdings in NBT Bancorp by 42.0% in the fourth quarter. US Bancorp DE now owns 1,836 shares of the bank's stock valued at $88,000 after acquiring an additional 543 shares during the last quarter. Finally, Crews Bank & Trust acquired a new stake in NBT Bancorp during the fourth quarter worth $98,000. 58.46% of the stock is owned by institutional investors and hedge funds.

NBT Bancorp Trading Up 4.3 %

Shares of NBT Bancorp stock opened at $41.35 on Wednesday. NBT Bancorp has a 1 year low of $34.47 and a 1 year high of $52.44. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market cap of $1.95 billion, a PE ratio of 13.97 and a beta of 0.53. The firm has a fifty day moving average price of $43.16 and a 200 day moving average price of $46.20.

NBT Bancorp (NASDAQ:NBTB - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The bank reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.01). NBT Bancorp had a net margin of 17.84% and a return on equity of 9.39%. During the same period last year, the firm posted $0.72 earnings per share. Equities research analysts predict that NBT Bancorp will post 3.69 earnings per share for the current year.

NBT Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.34 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.36 annualized dividend and a dividend yield of 3.29%. NBT Bancorp's dividend payout ratio (DPR) is 45.95%.

NBT Bancorp Company Profile

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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