NBT Bancorp (NASDAQ:NBTB – Get Free Report) announced its quarterly earnings data on Monday. The bank reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01, Yahoo Finance reports. NBT Bancorp had a return on equity of 11.10% and a net margin of 17.86%. During the same quarter in the previous year, the company posted $0.88 EPS.
NBT Bancorp Stock Performance
Shares of NASDAQ NBTB opened at $34.79 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.86 and a quick ratio of 0.86. The stock’s fifty day moving average price is $34.72 and its two-hundred day moving average price is $36.21. NBT Bancorp has a one year low of $27.52 and a one year high of $43.77. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 13.08 and a beta of 0.51.
Insider Buying and Selling at NBT Bancorp
In related news, CFO Scott Allen Kingsley bought 1,000 shares of NBT Bancorp stock in a transaction dated Thursday, January 25th. The shares were bought at an average cost of $36.80 per share, with a total value of $36,800.00. Following the acquisition, the chief financial officer now owns 25,513 shares in the company, valued at approximately $938,878.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Scott Allen Kingsley bought 1,000 shares of NBT Bancorp stock in a transaction dated Thursday, January 25th. The shares were bought at an average cost of $36.80 per share, with a total value of $36,800.00. Following the acquisition, the chief financial officer now owns 25,513 shares in the company, valued at approximately $938,878.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lowell A. Seifter sold 4,770 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $37.50, for a total value of $178,875.00. Following the sale, the director now directly owns 44,362 shares in the company, valued at $1,663,575. The disclosure for this sale can be found here. Insiders have sold a total of 8,641 shares of company stock valued at $319,806 in the last ninety days. 3.32% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
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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.
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