NBT Bancorp Inc. (NASDAQ:NBTB) EVP Sarah A. Halliday Sells 5,000 Shares

NBT Bancorp Inc. (NASDAQ:NBTB - Get Free Report) EVP Sarah A. Halliday sold 5,000 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $48.45, for a total transaction of $242,250.00. Following the sale, the executive vice president now owns 25,564 shares of the company's stock, valued at approximately $1,238,575.80. The trade was a 16.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

NBT Bancorp Stock Performance

NASDAQ:NBTB remained flat at $48.04 during trading hours on Friday. The company's stock had a trading volume of 49,095 shares, compared to its average volume of 195,811. The firm has a market capitalization of $2.27 billion, a P/E ratio of 16.24 and a beta of 0.52. NBT Bancorp Inc. has a 1 year low of $32.79 and a 1 year high of $52.44. The company has a 50-day moving average price of $48.38 and a 200-day moving average price of $47.11. 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 quarterly earnings results on Monday, January 27th. The bank reported $0.77 earnings per share 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 period last year, the firm posted $0.72 earnings per share. As a group, analysts predict that NBT Bancorp Inc. 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. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Monday, March 3rd. NBT Bancorp's dividend payout ratio (DPR) is 45.95%.

Hedge Funds Weigh In On NBT Bancorp

Large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its position in NBT Bancorp by 1.0% during the third quarter. Geode Capital Management LLC now owns 1,118,410 shares of the bank's stock valued at $49,477,000 after acquiring an additional 10,628 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of NBT Bancorp by 12.5% during the 4th quarter. Bank of New York Mellon Corp now owns 683,253 shares of the bank's stock worth $32,632,000 after purchasing an additional 75,693 shares during the period. Victory Capital Management Inc. increased its position in NBT Bancorp by 8.1% during the 4th quarter. Victory Capital Management Inc. now owns 666,562 shares of the bank's stock worth $31,835,000 after purchasing an additional 50,152 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in NBT Bancorp by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 595,349 shares of the bank's stock valued at $28,434,000 after buying an additional 9,713 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in NBT Bancorp during the fourth quarter valued at approximately $23,651,000. 58.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. DA Davidson initiated coverage on shares of NBT Bancorp in a research note on Thursday, December 12th. They set a "neutral" rating and a $60.00 price target on the stock. Keefe, Bruyette & Woods increased their target price on shares of NBT Bancorp from $50.00 to $55.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Stephens upgraded shares of NBT Bancorp from an "equal weight" rating to an "overweight" rating and set a $53.00 price target for the company in a research note on Wednesday, January 29th. Finally, StockNews.com cut NBT Bancorp from a "hold" rating to a "sell" rating in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $51.75.

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.