NBT Bancorp Inc. (NASDAQ:NBTB) EVP Sells $25,655.00 in Stock

NBT Bancorp Inc. (NASDAQ:NBTB) EVP Amy Wiles sold 500 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $51.31, for a total transaction of $25,655.00. Following the sale, the executive vice president now directly owns 27,409 shares of the company’s stock, valued at $1,406,355.79. This represents a 1.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Amy Wiles also recently made the following trade(s):

• On Thursday, November 7th, Amy Wiles sold 1,000 shares of NBT Bancorp stock. The shares were sold at an average price of $50.10, for a total transaction of $50,100.00.

NBT Bancorp Stock Down 4.7 %

Shares of NBTB opened at $48.46 on Thursday. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 17.06 and a beta of 0.52. NBT Bancorp Inc. has a 52 week low of $32.79 and a 52 week high of $52.44. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a fifty day moving average of $48.11 and a 200-day moving average of $44.80.

NBT Bancorp (NASDAQ:NBTB) last posted its earnings results on Monday, October 28th. The bank reported $0.80 EPS for the quarter, beating the consensus estimate of $0.78 by $0.02. The firm had revenue of $202.00 million during the quarter, compared to the consensus estimate of $144.70 million. NBT Bancorp had a return on equity of 9.36% and a net margin of 17.37%. During the same period last year, the company earned $0.84 earnings per share. As a group, sell-side analysts anticipate that NBT Bancorp Inc. will post 2.94 earnings per share for the current fiscal year.

NBT Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.34 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.36 annualized dividend and a yield of 2.81%. NBT Bancorp’s dividend payout ratio is presently 47.89%.

Wall Street Analyst Weigh In

NBTB has been the topic of several analyst reports. DA Davidson began coverage on shares of NBT Bancorp in a research report on Thursday, December 12th. They set a “neutral” rating and a $60.00 price target on the stock. Stephens reaffirmed an “equal weight” rating and issued a $49.00 target price on shares of NBT Bancorp in a report on Tuesday, September 10th. Keefe, Bruyette & Woods lifted their price target on NBT Bancorp from $50.00 to $55.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, StockNews.com upgraded NBT Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.17.

Hedge Funds Weigh In On NBT Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in NBTB. Victory Capital Management Inc. lifted its holdings in shares of NBT Bancorp by 540.2% during the second quarter. Victory Capital Management Inc. now owns 703,286 shares of the bank’s stock worth $27,147,000 after purchasing an additional 593,436 shares during the period. Bank of New York Mellon Corp raised its position in NBT Bancorp by 36.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 629,715 shares of the bank’s stock worth $24,307,000 after purchasing an additional 169,180 shares during the last quarter. Eagle Asset Management Inc. raised its position in NBT Bancorp by 76.3% during the 3rd quarter. Eagle Asset Management Inc. now owns 378,898 shares of the bank’s stock worth $16,759,000 after purchasing an additional 163,952 shares during the last quarter. Deprince Race & Zollo Inc. lifted its holdings in NBT Bancorp by 14.9% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 828,440 shares of the bank’s stock worth $31,978,000 after buying an additional 107,404 shares during the period. Finally, Ceredex Value Advisors LLC grew its position in shares of NBT Bancorp by 40.9% in the 3rd quarter. Ceredex Value Advisors LLC now owns 309,300 shares of the bank’s stock valued at $13,680,000 after buying an additional 89,800 shares during the last quarter. 58.46% of the stock is currently owned by institutional investors and hedge funds.

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.