NBT Bancorp Inc. (NASDAQ:NBTB) EVP Amy Wiles Sells 556 Shares

NBT Bancorp Inc. (NASDAQ:NBTB) EVP Amy Wiles sold 556 shares of NBT Bancorp stock in a transaction on Monday, September 16th. The stock was sold at an average price of $45.00, for a total transaction of $25,020.00. Following the completion of the transaction, the executive vice president now owns 28,909 shares in the company, valued at approximately $1,300,905. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

NBT Bancorp Trading Up 0.6 %

Shares of NASDAQ:NBTB traded up $0.27 during midday trading on Tuesday, hitting $45.35. 113,440 shares of the stock traded hands, compared to its average volume of 201,402. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is $46.00 and its two-hundred day moving average is $39.53. The stock has a market capitalization of $2.14 billion, a PE ratio of 17.41 and a beta of 0.50. NBT Bancorp Inc. has a one year low of $30.31 and a one year high of $50.83.

NBT Bancorp (NASDAQ:NBTB) last released its quarterly earnings results on Monday, July 22nd. The bank reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The business had revenue of $194.00 million for the quarter, compared to the consensus estimate of $139.02 million. NBT Bancorp had a net margin of 16.15% and a return on equity of 9.64%. During the same period in the previous year, the company earned $0.80 EPS. As a group, research analysts forecast that NBT Bancorp Inc. will post 2.86 earnings per share for the current year.

NBT Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $0.34 dividend. This is a positive change from NBT Bancorp’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, August 30th. This represents a $1.36 dividend on an annualized basis and a yield of 3.00%. NBT Bancorp’s dividend payout ratio (DPR) is presently 52.51%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NBTB. Raymond James downgraded NBT Bancorp from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 24th. Stephens reaffirmed an “equal weight” rating and issued a $49.00 price target on shares of NBT Bancorp in a research note on Tuesday, September 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $42.60.

Institutional Trading of NBT Bancorp

Several large investors have recently added to or reduced their stakes in NBTB. Charles Schwab Investment Management Inc. lifted its position in shares of NBT Bancorp by 5.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 530,209 shares of the bank’s stock worth $22,221,000 after purchasing an additional 25,528 shares during the period. Dimensional Fund Advisors LP increased its position in shares of NBT Bancorp by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,173,297 shares of the bank’s stock valued at $91,086,000 after buying an additional 17,039 shares during the period. Beacon Pointe Advisors LLC raised its stake in NBT Bancorp by 2.2% in the fourth quarter. Beacon Pointe Advisors LLC now owns 18,103 shares of the bank’s stock worth $759,000 after buying an additional 394 shares in the last quarter. Norges Bank purchased a new stake in NBT Bancorp in the fourth quarter worth about $12,547,000. Finally, Hsbc Holdings PLC purchased a new stake in NBT Bancorp in the fourth quarter worth about $11,434,000. Institutional investors own 58.46% of the company’s stock.

About NBT Bancorp

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.