NBT Bancorp Inc. (NASDAQ:NBTB - Get Free Report) Director John H. Watt, Jr. sold 20,000 shares of the company's stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $45.45, for a total transaction of $909,000.00. Following the sale, the director now directly owns 143,101 shares of the company's stock, valued at $6,503,940.45. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
NBT Bancorp Stock Performance
Shares of NBTB opened at $44.48 on Friday. The company has a market capitalization of $2.10 billion, a PE ratio of 15.66 and a beta of 0.50. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.86 and a current ratio of 0.87. The company's 50 day moving average price is $45.36 and its 200 day moving average price is $41.61. NBT Bancorp Inc. has a 52 week low of $32.79 and a 52 week high of $50.83.
NBT Bancorp (NASDAQ:NBTB - Get Free Report) last posted its quarterly 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 business had revenue of $202.00 million for the quarter, compared to analysts' expectations of $144.70 million. During the same period in the previous year, the company posted $0.84 EPS. Research analysts expect that NBT Bancorp Inc. will post 2.89 EPS for the current fiscal year.
NBT Bancorp Dividend Announcement
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The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 3.06%. The ex-dividend date is Monday, December 2nd. NBT Bancorp's payout ratio is currently 47.89%.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on NBTB shares. StockNews.com upgraded shares of NBT Bancorp from a "sell" rating to a "hold" rating in a research report on Wednesday. Stephens reissued an "equal weight" rating and set a $49.00 target price on shares of NBT Bancorp in a research note on Tuesday, September 10th. Finally, Raymond James cut NBT Bancorp from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 24th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $42.60.
Get Our Latest Report on NBT Bancorp
Institutional Investors Weigh In On NBT Bancorp
Several institutional investors have recently made changes to their positions in the company. Ascent Wealth Partners LLC bought a new position in NBT Bancorp during the third quarter valued at approximately $218,000. Focused Wealth Management Inc acquired a new position in shares of NBT Bancorp during the 3rd quarter worth $217,000. Ceredex Value Advisors LLC raised its holdings in shares of NBT Bancorp by 40.9% during the 3rd quarter. Ceredex Value Advisors LLC now owns 309,300 shares of the bank's stock valued at $13,680,000 after purchasing an additional 89,800 shares in the last quarter. US Bancorp DE bought a new position in shares of NBT Bancorp during the 3rd quarter valued at $57,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of NBT Bancorp by 3.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 144,642 shares of the bank's stock valued at $6,398,000 after purchasing an additional 5,235 shares during the last quarter. 58.46% of the stock is currently owned by institutional investors and hedge funds.
About NBT Bancorp
(
Get Free Report)
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.
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