NBT Bancorp Inc. (NASDAQ:NBTB - Get Free Report) Director Timothy E. Delaney sold 40,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $51.47, for a total value of $2,058,800.00. Following the completion of the sale, the director now owns 38,853 shares of the company's stock, valued at $1,999,763.91. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
NBT Bancorp Price Performance
Shares of NBTB opened at $50.32 on Thursday. The stock has a market cap of $2.37 billion, a P/E ratio of 17.72 and a beta of 0.49. The business's fifty day moving average is $45.24 and its 200 day moving average is $42.53. NBT Bancorp Inc. has a 12-month low of $32.79 and a 12-month high of $51.93. 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 (NASDAQ:NBTB - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The bank reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.02. NBT Bancorp had a return on equity of 9.36% and a net margin of 17.37%. The firm had revenue of $202.00 million during the quarter, compared to analyst estimates of $144.70 million. During the same period in the previous year, the company posted $0.84 EPS. Sell-side analysts anticipate that NBT Bancorp Inc. will post 2.91 earnings per share 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. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date is Monday, December 2nd. NBT Bancorp's dividend payout ratio is 47.89%.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in shares of NBT Bancorp by 47.9% in the 3rd quarter. GAMMA Investing LLC now owns 778 shares of the bank's stock worth $34,000 after buying an additional 252 shares during the last quarter. US Bancorp DE purchased a new stake in shares of NBT Bancorp during the 3rd quarter worth approximately $57,000. Quest Partners LLC bought a new stake in shares of NBT Bancorp in the 3rd quarter worth approximately $57,000. SG Americas Securities LLC bought a new position in NBT Bancorp during the first quarter valued at $178,000. Finally, Focused Wealth Management Inc purchased a new stake in NBT Bancorp in the third quarter worth $217,000. 58.46% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the company. Raymond James cut NBT Bancorp from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 24th. Stephens reiterated an "equal weight" rating and issued a $49.00 price objective on shares of NBT Bancorp in a research note on Tuesday, September 10th. Finally, StockNews.com upgraded shares of NBT Bancorp from a "sell" rating to a "hold" rating in a research report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $42.60.
Check Out Our Latest Analysis on NBTB
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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