NBT Bancorp Inc. (NASDAQ:NBTB) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of NBT Bancorp Inc. (NASDAQ:NBTB - Get Free Report) have been assigned an average rating of "Moderate Buy" from the five brokerages that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $51.75.

Several brokerages have recently issued reports on NBTB. StockNews.com lowered shares of NBT Bancorp from a "hold" rating to a "sell" rating in a research note on Thursday, January 16th. DA Davidson began coverage on NBT Bancorp in a research note on Thursday, December 12th. They issued a "neutral" rating and a $60.00 price target on the stock. Keefe, Bruyette & Woods lifted their price objective on NBT Bancorp from $50.00 to $55.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Finally, Stephens raised NBT Bancorp from an "equal weight" rating to an "overweight" rating and set a $53.00 target price on the stock in a research note on Wednesday, January 29th.

NBT Bancorp Price Performance

NBTB traded down $0.11 during midday trading on Friday, hitting $48.44. The company had a trading volume of 93,920 shares, compared to its average volume of 204,533. NBT Bancorp has a twelve month low of $32.79 and a twelve month high of $52.44. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.87 and a current ratio of 0.87. The firm's 50-day simple moving average is $48.46 and its 200-day simple moving average is $47.12. The company has a market capitalization of $2.29 billion, a PE ratio of 16.36 and a beta of 0.52.

NBT Bancorp (NASDAQ:NBTB - Get Free Report) last posted 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 return on equity of 9.39% and a net margin of 17.84%. During the same period last year, the company posted $0.72 EPS. Equities research analysts predict that NBT Bancorp will post 3.69 EPS for the current fiscal year.

NBT Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Monday, March 3rd. NBT Bancorp's payout ratio is presently 45.95%.

Insider Buying and Selling at NBT Bancorp

In other NBT Bancorp news, Director Heidi M. Hoeller purchased 678 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was bought at an average cost of $48.45 per share, with a total value of $32,849.10. Following the purchase, the director now directly owns 6,437 shares of the company's stock, valued at $311,872.65. The trade was a 11.77 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Amy Wiles sold 500 shares of the business's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $51.31, for a total transaction of $25,655.00. Following the completion of the sale, the executive vice president now directly owns 27,409 shares in the company, valued at approximately $1,406,355.79. This represents a 1.79 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,694 shares of company stock valued at $1,030,285. Company insiders own 3.32% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NBTB. GAMMA Investing LLC raised 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 in the last quarter. US Bancorp DE bought a new stake in shares of NBT Bancorp in the 3rd quarter valued at about $57,000. Quest Partners LLC bought a new stake in shares of NBT Bancorp in the 3rd quarter valued at about $57,000. Rialto Wealth Management LLC acquired a new stake in NBT Bancorp in the 4th quarter valued at about $87,000. Finally, Crews Bank & Trust bought a new position in NBT Bancorp during the fourth quarter worth about $98,000. Institutional investors own 58.46% of the company's stock.

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.