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 business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $51.31, for a total transaction of $25,655.00. Following the transaction, the executive vice president now directly owns 27,409 shares in the company, valued at approximately $1,406,355.79. The trade was a 1.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 Trading Down 2.8 %

NBTB opened at $50.87 on Wednesday. NBT Bancorp Inc. has a 52 week low of $32.79 and a 52 week high of $52.44. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.17. The business has a fifty day simple moving average of $47.85 and a 200-day simple moving average of $44.68. The firm has a market cap of $2.40 billion, a P/E ratio of 17.91 and a beta of 0.52.

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. 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 period last year, the business posted $0.84 EPS. On average, equities analysts expect that NBT Bancorp Inc. will post 2.94 earnings per share for the current year.

NBT Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date was Monday, December 2nd. NBT Bancorp’s dividend payout ratio (DPR) is currently 47.89%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Keefe, Bruyette & Woods lifted their price target on shares of NBT Bancorp from $50.00 to $55.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Stephens restated an “equal weight” rating and issued a $49.00 target price on shares of NBT Bancorp in a research report on Tuesday, September 10th. StockNews.com upgraded NBT Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, December 10th. Finally, DA Davidson started coverage on shares of NBT Bancorp in a report on Thursday, December 12th. They issued a “neutral” rating and a $60.00 price objective on the stock. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $48.17.

Institutional Investors Weigh In On NBT Bancorp

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its position in shares of NBT Bancorp by 47.9% during the third quarter. GAMMA Investing LLC now owns 778 shares of the bank’s stock worth $34,000 after acquiring an additional 252 shares during the period. US Bancorp DE acquired a new position in NBT Bancorp during the 3rd quarter worth $57,000. Quest Partners LLC purchased a new stake in NBT Bancorp during the 3rd quarter worth about $57,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in NBT Bancorp in the 3rd quarter valued at about $103,000. Finally, AQR Capital Management LLC purchased a new position in shares of NBT Bancorp in the 2nd quarter valued at about $214,000. 58.46% of the stock is currently owned by institutional investors and hedge funds.

About NBT Bancorp

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.