NBT Bancorp Inc. (NASDAQ:NBTB) EVP Sells $242,250.00 in Stock

NBT Bancorp Inc. (NASDAQ:NBTB) EVP Sarah A. Halliday sold 5,000 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $48.45, for a total value of $242,250.00. Following the completion of the sale, the executive vice president now owns 25,564 shares of the company’s stock, valued at $1,238,575.80. The trade was a 16.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

NBT Bancorp Stock Performance

Shares of NBT Bancorp stock opened at $48.04 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average price of $48.38 and a two-hundred day moving average price of $47.11. NBT Bancorp Inc. has a 1-year low of $32.79 and a 1-year high of $52.44. The company has a market cap of $2.27 billion, a P/E ratio of 16.23 and a beta of 0.52.

NBT Bancorp (NASDAQ:NBTB) last released its quarterly earnings data on Monday, January 27th. The bank reported $0.77 earnings per share (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 prior year, the firm posted $0.72 EPS. As a group, analysts anticipate that NBT Bancorp Inc. will post 3.69 EPS for the current year.

NBT Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given 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 2.83%. NBT Bancorp’s dividend payout ratio (DPR) is presently 45.95%.

Hedge Funds Weigh In On NBT Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its position in shares of NBT Bancorp by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,118,410 shares of the bank’s stock worth $49,477,000 after purchasing an additional 10,628 shares in the last quarter. Bank of New York Mellon Corp boosted its position 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 in the last quarter. Victory Capital Management Inc. lifted its position in NBT Bancorp by 8.1% in the 4th quarter. Victory Capital Management Inc. now owns 666,562 shares of the bank’s stock valued at $31,835,000 after acquiring an additional 50,152 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in NBT Bancorp by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 595,349 shares of the bank’s stock valued at $28,434,000 after acquiring an additional 9,713 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in NBT Bancorp in the 4th quarter valued at about $23,651,000. Institutional investors own 58.46% of the company’s stock.

Wall Street Analyst Weigh In

NBTB has been the subject of a number of recent research reports. StockNews.com downgraded NBT Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, January 16th. Stephens upgraded NBT Bancorp from an “equal weight” rating to an “overweight” rating and set a $53.00 price objective for the company in a report on Wednesday, January 29th. Keefe, Bruyette & Woods increased 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, DA Davidson began coverage on NBT Bancorp in a report on Thursday, December 12th. They set a “neutral” rating and a $60.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $51.75.

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.