NBT Bancorp (NASDAQ:NBTB – Get Free Report) posted its quarterly earnings results on Monday. The bank reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.01), Yahoo Finance reports. The business had revenue of $194.00 million during the quarter, compared to the consensus estimate of $139.02 million. NBT Bancorp had a return on equity of 9.73% and a net margin of 16.15%. During the same quarter in the previous year, the company earned $0.80 earnings per share.
NBT Bancorp Price Performance
NBTB traded down $1.32 during trading hours on Wednesday, hitting $48.27. The company’s stock had a trading volume of 233,914 shares, compared to its average volume of 204,925. The business’s 50-day moving average price is $38.41 and its 200-day moving average price is $36.73. NBT Bancorp has a 12 month low of $30.31 and a 12 month high of $50.83. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 18.80 and a beta of 0.52. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17.
NBT Bancorp Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Friday, August 30th. This is a boost from NBT Bancorp’s previous quarterly dividend of $0.32. NBT Bancorp’s payout ratio is currently 49.42%.
Wall Street Analyst Weigh In
View Our Latest Analysis on NBT Bancorp
Insider Buying and Selling
In related news, EVP Sarah A. Halliday sold 1,325 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $35.66, for a total value of $47,249.50. Following the sale, the executive vice president now owns 32,402 shares in the company, valued at $1,155,455.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.32% of the stock is currently owned by company insiders.
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.
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