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 business’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 sale, the executive vice president now owns 27,409 shares in the company, valued at $1,406,355.79. The trade was a 1.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 transaction of $50,100.00.

NBT Bancorp Stock Performance

Shares of NBTB stock opened at $48.46 on Thursday. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 17.06 and a beta of 0.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.87 and a current ratio of 0.87. NBT Bancorp Inc. has a 52 week low of $32.79 and a 52 week high of $52.44. The company has a 50-day simple moving average of $48.11 and a 200 day simple moving average of $44.80.

NBT Bancorp (NASDAQ:NBTB) last issued its quarterly earnings data on Monday, October 28th. The bank reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. The company had revenue of $202.00 million during 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 quarter in the previous year, the company posted $0.84 earnings per share. On average, sell-side analysts predict that NBT Bancorp Inc. will post 2.94 earnings per share for the current year.

NBT Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend was Monday, December 2nd. NBT Bancorp’s dividend payout ratio is 47.89%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Stephens reaffirmed an “equal weight” rating and issued a $49.00 target price on shares of NBT Bancorp in a research report on Tuesday, September 10th. Keefe, Bruyette & Woods lifted their target price on NBT Bancorp from $50.00 to $55.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. DA Davidson began coverage on NBT Bancorp in a research report on Thursday, December 12th. They set a “neutral” rating and a $60.00 price target for the company. Finally, StockNews.com raised NBT Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday. Four investment 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.com, NBT Bancorp has a consensus rating of “Moderate Buy” and an average target price of $48.17.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in shares of 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 acquiring an additional 252 shares in the last quarter. US Bancorp DE bought a new stake in NBT Bancorp in the 3rd quarter valued at about $57,000. Quest Partners LLC acquired a new position in shares of NBT Bancorp during the 3rd quarter worth approximately $57,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of NBT Bancorp during the third quarter worth approximately $103,000. Finally, AQR Capital Management LLC acquired a new stake in shares of NBT Bancorp in the second quarter valued at approximately $214,000. 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.