NBT Bancorp Inc. (NASDAQ:NBTB) EVP Amy Wiles Sells 1,000 Shares

NBT Bancorp Inc. (NASDAQ:NBTB) EVP Amy Wiles sold 1,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $50.10, for a total value of $50,100.00. Following the completion of the transaction, the executive vice president now directly owns 27,909 shares of the company’s stock, valued at $1,398,240.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Amy Wiles also recently made the following trade(s):

• On Monday, September 16th, Amy Wiles sold 556 shares of NBT Bancorp stock. The shares were sold at an average price of $45.00, for a total transaction of $25,020.00.

NBT Bancorp Trading Up 1.4 %

NBTB stock traded up $0.68 during trading on Friday, reaching $49.24. 58,884 shares of the stock were exchanged, compared to its average volume of 204,840. The business has a 50 day moving average price of $45.10 and a 200-day moving average price of $42.08. NBT Bancorp Inc. has a 1 year low of $32.79 and a 1 year high of $51.22. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 17.10 and a beta of 0.49.

NBT Bancorp (NASDAQ:NBTB) last released 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. 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 for the quarter, compared to analysts’ expectations of $144.70 million. During the same period in the prior year, the firm posted $0.84 earnings per share. On average, research analysts predict that NBT Bancorp Inc. will post 2.89 earnings per share for the current year.

NBT Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.34 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.36 annualized dividend and a yield of 2.76%. NBT Bancorp’s dividend payout ratio (DPR) is currently 47.89%.

Analysts Set New Price Targets

Several brokerages have issued reports on NBTB. Raymond James cut shares of NBT Bancorp from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 24th. Stephens reaffirmed an “equal weight” rating and set a $49.00 price objective on shares of NBT Bancorp in a research note on Tuesday, September 10th. Finally, StockNews.com raised shares of NBT Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $42.60.

Institutional Investors Weigh In On NBT Bancorp

A number of institutional investors have recently made changes to their positions in NBTB. State Board of Administration of Florida Retirement System increased 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 purchasing an additional 19,661 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in NBT Bancorp by 978.7% during the 1st quarter. Russell Investments Group Ltd. now owns 90,457 shares of the bank’s stock worth $3,318,000 after acquiring an additional 82,071 shares in the last quarter. Edgestream Partners L.P. purchased a new position in NBT Bancorp during the 2nd quarter valued at about $1,974,000. Inspire Investing LLC grew its position in NBT Bancorp by 6.9% in the 1st quarter. Inspire Investing LLC now owns 9,759 shares of the bank’s stock valued at $358,000 after acquiring an additional 634 shares in the last quarter. Finally, Ceredex Value Advisors LLC increased its stake in NBT Bancorp by 2.6% during the second quarter. Ceredex Value Advisors LLC now owns 219,500 shares of the bank’s stock worth $8,473,000 after purchasing an additional 5,500 shares during the period. 58.46% of the stock is currently owned by institutional investors and hedge funds.

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.