NBT Bancorp Inc. (NASDAQ:NBTB) Director Sells $10,029.80 in Stock

NBT Bancorp Inc. (NASDAQ:NBTB) Director V Daniel Robinson II sold 194 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $51.70, for a total value of $10,029.80. Following the completion of the transaction, the director now directly owns 18,849 shares in the company, valued at $974,493.30. This trade represents a 1.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

V Daniel Robinson II also recently made the following trade(s):

• On Monday, September 16th, V Daniel Robinson II sold 30,000 shares of NBT Bancorp stock. The shares were sold at an average price of $44.78, for a total value of $1,343,400.00.

NBT Bancorp Stock Performance

Shares of NBTB traded down $0.63 during mid-day trading on Friday, hitting $51.05. 81,516 shares of the company’s stock were exchanged, compared to its average volume of 203,362. NBT Bancorp Inc. has a fifty-two week low of $32.79 and a fifty-two week high of $52.31. The firm has a market capitalization of $2.41 billion, a P/E ratio of 18.20 and a beta of 0.52. The business’s 50 day moving average is $47.50 and its two-hundred day moving average is $44.35. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.17.

NBT Bancorp (NASDAQ:NBTB) last announced its earnings results on Monday, October 28th. The bank reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.02. NBT Bancorp had a net margin of 17.37% and a return on equity of 9.36%. The business had revenue of $202.00 million during the quarter, compared to the consensus estimate of $144.70 million. During the same quarter in the prior year, the firm earned $0.84 earnings per share. On average, equities analysts expect that NBT Bancorp Inc. will post 2.94 earnings per share for the current year.

NBT Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.34 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.36 annualized dividend and a dividend yield of 2.66%. NBT Bancorp’s dividend payout ratio (DPR) is 47.89%.

Analyst Upgrades and Downgrades

Several research firms recently commented on NBTB. DA Davidson began coverage on NBT Bancorp in a report on Thursday. They issued a “neutral” rating and a $60.00 target price on the stock. Keefe, Bruyette & Woods raised their price objective on NBT Bancorp from $50.00 to $55.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. StockNews.com raised NBT Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Stephens reaffirmed an “equal weight” rating and set a $49.00 price objective on shares of NBT Bancorp in a report on Tuesday, September 10th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $48.17.

Institutional Investors Weigh In On NBT Bancorp

Several hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in shares of 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 buying an additional 252 shares during the period. Arizona State Retirement System lifted its position in NBT Bancorp by 2.0% in the second quarter. Arizona State Retirement System now owns 13,199 shares of the bank’s stock valued at $509,000 after purchasing an additional 258 shares during the period. Inspire Investing LLC lifted its position in NBT Bancorp by 3.7% in the third quarter. Inspire Investing LLC now owns 9,378 shares of the bank’s stock valued at $415,000 after purchasing an additional 331 shares during the period. Louisiana State Employees Retirement System lifted its position in NBT Bancorp by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 23,700 shares of the bank’s stock valued at $915,000 after purchasing an additional 400 shares during the period. Finally, US Bancorp DE acquired a new stake in NBT Bancorp in the third quarter valued at about $57,000. Institutional investors and hedge funds own 58.46% of the company’s stock.

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.