NBT Bancorp Inc. (NASDAQ:NBTB) EVP Sarah A. Halliday Sells 5,000 Shares

NBT Bancorp Inc. (NASDAQ:NBTB) EVP Sarah A. Halliday sold 5,000 shares of NBT Bancorp stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $48.45, for a total transaction of $242,250.00. Following the transaction, the executive vice president now directly owns 25,564 shares in the company, valued at approximately $1,238,575.80. This represents a 16.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

NBT Bancorp Trading Up 0.6 %

Shares of NBTB stock opened at $48.04 on Friday. The company has a 50 day moving average of $48.38 and a 200-day moving average of $47.11. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.17. NBT Bancorp Inc. has a 12-month low of $32.79 and a 12-month high of $52.44. The firm has a market cap of $2.27 billion, a P/E ratio of 16.23 and a beta of 0.52.

NBT Bancorp (NASDAQ:NBTB) last released its quarterly earnings data on Monday, January 27th. The bank reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). NBT Bancorp had a net margin of 17.84% and a return on equity of 9.39%. During the same quarter in the previous year, the business earned $0.72 earnings per share. Sell-side analysts anticipate that NBT Bancorp Inc. will post 3.69 earnings per share for the current year.

NBT Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.34 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.36 dividend on an annualized basis and a yield of 2.83%. NBT Bancorp’s dividend payout ratio is 45.95%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NBTB. GAMMA Investing LLC grew its stake in 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 buying an additional 252 shares in the last quarter. US Bancorp DE purchased a new position in NBT Bancorp in the 3rd quarter valued at approximately $57,000. Quest Partners LLC purchased a new position in NBT Bancorp in the 3rd quarter valued at approximately $57,000. Sterling Capital Management LLC grew its stake in NBT Bancorp by 817.7% in the 4th quarter. Sterling Capital Management LLC now owns 1,450 shares of the bank’s stock valued at $69,000 after buying an additional 1,292 shares in the last quarter. Finally, Rialto Wealth Management LLC purchased a new position in NBT Bancorp in the 4th quarter valued at approximately $87,000. 58.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. StockNews.com cut shares of NBT Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, January 16th. Keefe, Bruyette & Woods lifted their target price 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. Stephens upgraded shares of NBT Bancorp from an “equal weight” rating to an “overweight” rating and set a $53.00 price target for the company in a research note on Wednesday, January 29th. Finally, DA Davidson began coverage on shares of NBT Bancorp in a research note on Thursday, December 12th. They set a “neutral” rating and a $60.00 price target for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $51.75.

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.