NBT Bancorp Inc. (NASDAQ:NBTB) EVP Amy Wiles Sells 1,000 Shares

NBT Bancorp Inc. (NASDAQ:NBTB) EVP Amy Wiles sold 1,000 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $50.10, for a total value of $50,100.00. Following the completion of the sale, the executive vice president now owns 27,909 shares in the company, valued at approximately $1,398,240.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Monday, September 16th, Amy Wiles sold 556 shares of NBT Bancorp stock. The shares were sold at an average price of $45.00, for a total value of $25,020.00.

NBT Bancorp Stock Up 1.4 %

NASDAQ:NBTB traded up $0.68 during midday trading on Friday, hitting $49.24. 58,884 shares of the company were exchanged, compared to its average volume of 204,840. The company has a fifty day simple moving average of $45.10 and a 200 day simple moving average of $42.08. 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 Inc. has a fifty-two week low of $32.79 and a fifty-two week high of $51.22. The company has a market capitalization of $2.32 billion, a PE ratio of 17.10 and a beta of 0.49.

NBT Bancorp (NASDAQ:NBTB) last announced its earnings results on Monday, October 28th. The bank reported $0.80 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $144.70 million. During the same period in the prior year, the company earned $0.84 earnings per share. As a group, equities analysts anticipate that NBT Bancorp Inc. will post 2.89 earnings per share for the current fiscal year.

NBT Bancorp Announces Dividend

The company also recently declared 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 of this dividend is Monday, December 2nd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.76%. NBT Bancorp’s dividend payout ratio (DPR) is 47.89%.

Institutional Investors Weigh In On NBT Bancorp

A number of institutional investors have recently added to or reduced their stakes in NBTB. GAMMA Investing LLC lifted its holdings in shares of NBT Bancorp by 47.9% in the 3rd quarter. GAMMA Investing LLC now owns 778 shares of the bank’s stock valued at $34,000 after buying an additional 252 shares during the period. Arizona State Retirement System increased its holdings in shares of NBT Bancorp by 2.0% in the 2nd 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 in the last quarter. Inspire Investing LLC lifted its stake in shares of 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 boosted its holdings in NBT Bancorp by 1.7% during the second quarter. Louisiana State Employees Retirement System now owns 23,700 shares of the bank’s stock worth $915,000 after buying an additional 400 shares in the last quarter. Finally, Texas Permanent School Fund Corp grew its position in NBT Bancorp by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 41,211 shares of the bank’s stock worth $1,512,000 after buying an additional 534 shares during the period. Hedge funds and other institutional investors own 58.46% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on NBTB shares. Stephens restated an “equal weight” rating and set a $49.00 target price on shares of NBT Bancorp in a research note on Tuesday, September 10th. Raymond James downgraded shares of NBT Bancorp from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 24th. Finally, StockNews.com raised shares of NBT Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $42.60.

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.