Insider Selling: NBT Bancorp Inc. (NASDAQ:NBTB) EVP Sells 500 Shares of Stock

NBT Bancorp Inc. (NASDAQ:NBTB) EVP Amy Wiles sold 500 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $51.31, for a total value of $25,655.00. Following the completion of the transaction, the executive vice president now owns 27,409 shares in the company, valued at $1,406,355.79. This represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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 value of $50,100.00.

NBT Bancorp Stock Down 0.3 %

Shares of NASDAQ NBTB traded down $0.18 during mid-day trading on Monday, hitting $51.48. The company had a trading volume of 109,211 shares, compared to its average volume of 203,463. The company has a market capitalization of $2.43 billion, a PE ratio of 18.19 and a beta of 0.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.87 and a quick ratio of 0.87. NBT Bancorp Inc. has a 1-year low of $32.79 and a 1-year high of $52.31. The business’s 50-day simple moving average is $47.67 and its 200 day simple moving average is $44.57.

NBT Bancorp (NASDAQ:NBTB) last announced its quarterly earnings data on Monday, October 28th. The bank reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.02. The business had revenue of $202.00 million for the quarter, compared to analysts’ expectations 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 firm earned $0.84 earnings per share. On average, analysts predict that NBT Bancorp Inc. will post 2.94 earnings per share for the current year.

NBT Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Monday, December 2nd. NBT Bancorp’s dividend payout ratio (DPR) is presently 47.89%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On NBT Bancorp

Large investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in NBT Bancorp by 47.9% in the third 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 last quarter. US Bancorp DE purchased a new position in NBT Bancorp in the third quarter valued at $57,000. Quest Partners LLC purchased a new position in NBT Bancorp in the third quarter valued at $57,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in NBT Bancorp in the third quarter valued at $103,000. Finally, AQR Capital Management LLC purchased a new position in NBT Bancorp in the second quarter valued at $214,000. Hedge funds and other institutional investors own 58.46% of the company’s stock.

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.