NBT Bancorp (NASDAQ:NBTB) Director Purchases $409,800.00 in Stock

NBT Bancorp Inc. (NASDAQ:NBTB) Director Timothy Delaney acquired 10,000 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were bought at an average cost of $40.98 per share, for a total transaction of $409,800.00. Following the completion of the acquisition, the director directly owned 51,885 shares of the company’s stock, valued at approximately $2,126,247.30. The trade was a 23.87% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NBT Bancorp Stock Performance

NBTB stock traded up $0.17 during midday trading on Friday, reaching $41.02. The stock had a trading volume of 92,749 shares, compared to its average volume of 228,994. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a fifty day simple moving average of $41.93 and a two-hundred day simple moving average of $42.23. The stock has a market cap of $2.15 billion, a PE ratio of 13.68 and a beta of 0.55. NBT Bancorp Inc. has a 52-week low of $37.31 and a 52-week high of $52.44.

NBT Bancorp (NASDAQ:NBTB) last announced its quarterly earnings data on Monday, October 27th. The bank reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.08. NBT Bancorp had a return on equity of 10.35% and a net margin of 17.24%.The business had revenue of $186.07 million for the quarter, compared to analyst estimates of $183.87 million. As a group, equities research analysts anticipate that NBT Bancorp Inc. will post 3.69 EPS for the current year.

NBT Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a $0.37 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.48 dividend on an annualized basis and a yield of 3.6%. NBT Bancorp’s dividend payout ratio is presently 49.33%.

Analyst Ratings Changes

NBTB has been the topic of a number of recent analyst reports. Janney Montgomery Scott upgraded NBT Bancorp to a “strong-buy” rating in a report on Wednesday, October 22nd. Wall Street Zen upgraded NBT Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. DA Davidson downgraded shares of NBT Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NBT Bancorp in a research report on Wednesday, October 8th. Finally, Piper Sandler set a $47.00 target price on NBT Bancorp and gave the company an “overweight” rating in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its stake in shares of NBT Bancorp by 1,645.9% in the second quarter. EverSource Wealth Advisors LLC now owns 646 shares of the bank’s stock valued at $27,000 after purchasing an additional 609 shares during the period. Hantz Financial Services Inc. bought a new stake in shares of NBT Bancorp during the 2nd quarter worth $33,000. TD Private Client Wealth LLC raised its position in shares of NBT Bancorp by 51.3% during the first quarter. TD Private Client Wealth LLC now owns 867 shares of the bank’s stock valued at $37,000 after buying an additional 294 shares during the last quarter. Flagship Wealth Advisors LLC bought a new position in NBT Bancorp during the third quarter worth about $42,000. Finally, Farther Finance Advisors LLC raised its stake in shares of NBT Bancorp by 2,902.1% in the second quarter. Farther Finance Advisors LLC now owns 1,441 shares of the bank’s stock valued at $60,000 after acquiring an additional 1,393 shares during the last quarter. 58.46% of the stock is currently owned by institutional investors.

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.