V Daniel Robinson II Sells 194 Shares of NBT Bancorp Inc. (NASDAQ:NBTB) Stock

NBT Bancorp Inc. (NASDAQ:NBTB) Director V Daniel Robinson II sold 194 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $51.70, for a total value of $10,029.80. Following the sale, the director now directly owns 18,849 shares of the company’s stock, valued at $974,493.30. This represents a 1.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

V Daniel Robinson II also recently made the following trade(s):

• On Monday, September 16th, V Daniel Robinson II sold 30,000 shares of NBT Bancorp stock. The stock was sold at an average price of $44.78, for a total value of $1,343,400.00.

NBT Bancorp Stock Down 0.0 %

Shares of NASDAQ:NBTB opened at $51.66 on Friday. The company has a 50 day moving average of $47.67 and a 200-day moving average of $44.51. NBT Bancorp Inc. has a one year low of $32.79 and a one year high of $52.31. The stock has a market cap of $2.44 billion, a price-to-earnings 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 (NASDAQ:NBTB) last issued its earnings results on Monday, October 28th. The bank reported $0.80 EPS for the quarter, beating the consensus estimate of $0.78 by $0.02. NBT Bancorp had a net margin of 17.37% and a return on equity of 9.36%. The company had revenue of $202.00 million during the quarter, compared to analysts’ expectations of $144.70 million. During the same quarter in the previous year, the company posted $0.84 EPS. On average, sell-side analysts forecast that NBT Bancorp Inc. will post 2.94 earnings per share for the current year.

NBT Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend is Monday, December 2nd. NBT Bancorp’s payout ratio is 47.89%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On NBT Bancorp

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its position 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 acquiring an additional 252 shares during the period. US Bancorp DE bought a new stake in NBT Bancorp in the third quarter valued at approximately $57,000. Quest Partners LLC acquired a new stake in NBT Bancorp in the third quarter worth $57,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of NBT Bancorp during the third quarter worth $103,000. Finally, AQR Capital Management LLC bought a new stake in shares of NBT Bancorp in the 2nd quarter valued at $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.