NBT Bancorp Inc. (NASDAQ:NBTB) Director V Daniel Robinson II Sells 194 Shares

NBT Bancorp Inc. (NASDAQ:NBTB) Director V Daniel Robinson II sold 194 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $51.70, for a total transaction of $10,029.80. Following the transaction, the director now directly owns 18,849 shares in the company, valued at $974,493.30. This trade represents a 1.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

V Daniel Robinson II also recently made the following trade(s):

• On Monday, September 16th, V Daniel Robinson II sold 30,000 shares of NBT Bancorp stock. The stock was sold at an average price of $44.78, for a total transaction of $1,343,400.00.

NBT Bancorp Trading Down 0.0 %

Shares of NBT Bancorp stock opened at $51.66 on Monday. NBT Bancorp Inc. has a 52-week low of $32.79 and a 52-week high of $52.31. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.87 and a quick ratio of 0.87. The company’s fifty day moving average price is $47.67 and its two-hundred day moving average price is $44.57. The firm has a market capitalization of $2.44 billion, a PE ratio of 18.19 and a beta of 0.52.

NBT Bancorp (NASDAQ:NBTB) last issued its earnings results on Monday, October 28th. The bank reported $0.80 EPS for the quarter, beating the consensus estimate of $0.78 by $0.02. NBT Bancorp had a net margin of 17.37% and a return on equity of 9.36%. The company had revenue of $202.00 million for the quarter, compared to the consensus estimate of $144.70 million. During the same quarter in the previous year, the company earned $0.84 EPS. On average, analysts expect that NBT Bancorp Inc. will post 2.94 EPS for the current year.

NBT Bancorp Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.36 annualized dividend and a dividend yield of 2.63%. NBT Bancorp’s dividend payout ratio is presently 47.89%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. DA Davidson initiated coverage on shares of NBT Bancorp in a research report on Thursday. They set a “neutral” rating and a $60.00 target price on the stock. Keefe, Bruyette & Woods boosted their price target on shares of NBT Bancorp from $50.00 to $55.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Stephens reissued an “equal weight” rating and issued a $49.00 price target on shares of NBT Bancorp in a report on Tuesday, September 10th. Finally, StockNews.com raised shares of NBT Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, December 10th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $48.17.

Institutional Investors Weigh In On NBT Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of NBT Bancorp by 47.9% in the 3rd quarter. GAMMA Investing LLC now owns 778 shares of the bank’s stock valued at $34,000 after purchasing an additional 252 shares in the last quarter. US Bancorp DE acquired a new stake in shares of NBT Bancorp in the 3rd quarter valued at $57,000. Quest Partners LLC acquired a new stake in shares of NBT Bancorp in the 3rd quarter valued at $57,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in NBT Bancorp during the 3rd quarter worth about $103,000. Finally, Focused Wealth Management Inc acquired a new position in NBT Bancorp during the 3rd quarter worth about $217,000. Institutional investors and hedge funds own 58.46% of the company’s stock.

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.