NBT Bancorp Inc. (NASDAQ:NBTB) EVP Sells $47,249.50 in Stock

NBT Bancorp Inc. (NASDAQ:NBTB) EVP Sarah A. Halliday sold 1,325 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $35.66, for a total value of $47,249.50. Following the transaction, the executive vice president now owns 32,402 shares in the company, valued at $1,155,455.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

NBT Bancorp Stock Up 0.0 %

NASDAQ:NBTB traded up $0.01 during trading hours on Tuesday, hitting $36.09. The company’s stock had a trading volume of 4,026 shares, compared to its average volume of 185,816. The stock has a market capitalization of $1.70 billion, a P/E ratio of 13.93 and a beta of 0.52. The stock has a fifty day moving average of $36.10 and a 200-day moving average of $36.85. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17. NBT Bancorp Inc. has a 52-week low of $30.31 and a 52-week high of $43.77.

NBT Bancorp (NASDAQ:NBTB) last issued its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.01. The company had revenue of $192.33 million for the quarter, compared to analyst estimates of $135.01 million. NBT Bancorp had a return on equity of 10.20% and a net margin of 16.71%. During the same quarter last year, the company posted $0.88 earnings per share. On average, equities analysts forecast that NBT Bancorp Inc. will post 2.84 earnings per share for the current year.

NBT Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend was Friday, May 31st. NBT Bancorp’s dividend payout ratio is currently 49.42%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Janney Montgomery Scott upgraded NBT Bancorp from a “neutral” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Thursday, March 21st. Stephens reiterated an “overweight” rating and issued a $42.00 price objective on shares of NBT Bancorp in a research note on Tuesday, April 23rd. Finally, Keefe, Bruyette & Woods reduced their price objective on NBT Bancorp from $41.00 to $39.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $41.20.

Hedge Funds Weigh In On NBT Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of NBT Bancorp by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 5,642,447 shares of the bank’s stock worth $236,475,000 after buying an additional 126,572 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of NBT Bancorp by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,173,297 shares of the bank’s stock worth $91,086,000 after buying an additional 17,039 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in shares of NBT Bancorp by 29.9% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 752,841 shares of the bank’s stock worth $23,858,000 after buying an additional 173,218 shares during the last quarter. Northern Trust Corp grew its holdings in shares of NBT Bancorp by 5.7% during the third quarter. Northern Trust Corp now owns 741,141 shares of the bank’s stock worth $23,487,000 after buying an additional 39,912 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in NBT Bancorp by 5.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 530,209 shares of the bank’s stock valued at $22,221,000 after purchasing an additional 25,528 shares during the period. 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.