NBT Bancorp Inc. (NASDAQ:NBTB - Get Free Report) EVP Amy Wiles sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $50.10, for a total value of $50,100.00. Following the transaction, the executive vice president now directly owns 27,909 shares of the company's stock, valued at $1,398,240.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Amy Wiles also recently made the following trade(s):
- On Monday, September 16th, Amy Wiles sold 556 shares of NBT Bancorp stock. The stock was sold at an average price of $45.00, for a total value of $25,020.00.
NBT Bancorp Stock Up 1.7 %
NBT Bancorp stock opened at $49.39 on Friday. NBT Bancorp Inc. has a 52 week low of $32.79 and a 52 week high of $51.22. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 17.39 and a beta of 0.49. The company's 50-day moving average price is $45.11 and its two-hundred day moving average price is $42.18. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.17.
NBT Bancorp (NASDAQ:NBTB - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The bank reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.02. The business had revenue of $202.00 million for the quarter, compared to analyst estimates of $144.70 million. NBT Bancorp had a net margin of 17.37% and a return on equity of 9.36%. During the same quarter last year, the business earned $0.84 earnings per share. On average, analysts expect that NBT Bancorp Inc. will post 2.91 EPS for the current fiscal year.
NBT Bancorp Dividend Announcement
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The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date is Monday, December 2nd. NBT Bancorp's dividend payout ratio is presently 47.89%.
Analyst Ratings Changes
Several brokerages have recently issued reports on NBTB. Stephens reissued an "equal weight" rating and set a $49.00 price target on shares of NBT Bancorp in a report on Tuesday, September 10th. StockNews.com upgraded shares of NBT Bancorp from a "sell" rating to a "hold" rating in a research note on Wednesday, October 30th. Finally, Raymond James downgraded NBT Bancorp from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 24th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $42.60.
Check Out Our Latest Analysis on NBT Bancorp
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. State Board of Administration of Florida Retirement System lifted its holdings in NBT Bancorp by 150.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 32,747 shares of the bank's stock valued at $1,104,000 after acquiring an additional 19,661 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in NBT Bancorp by 978.7% during the first quarter. Russell Investments Group Ltd. now owns 90,457 shares of the bank's stock valued at $3,318,000 after purchasing an additional 82,071 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in NBT Bancorp during the second quarter valued at approximately $1,974,000. Inspire Investing LLC boosted its holdings in NBT Bancorp by 6.9% during the first quarter. Inspire Investing LLC now owns 9,759 shares of the bank's stock worth $358,000 after buying an additional 634 shares in the last quarter. Finally, Ceredex Value Advisors LLC grew its position in NBT Bancorp by 2.6% in the second quarter. Ceredex Value Advisors LLC now owns 219,500 shares of the bank's stock worth $8,473,000 after buying an additional 5,500 shares during the last quarter. Institutional investors own 58.46% of the company's stock.
NBT Bancorp Company Profile
(
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.
Further Reading
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