Insider Selling: NBT Bancorp Inc. (NASDAQ:NBTB) EVP Sells 1,000 Shares of Stock

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 shares were sold at an average price of $50.10, for a total transaction of $50,100.00. Following the sale, the executive vice president now directly owns 27,909 shares in the company, valued at approximately $1,398,240.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 1.7 %

NBT Bancorp stock opened at $49.39 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.87 and a current ratio of 0.87. NBT Bancorp Inc. has a fifty-two week low of $32.79 and a fifty-two week high of $51.22. The stock has a market cap of $2.33 billion, a P/E ratio of 17.39 and a beta of 0.49. The firm’s fifty day moving average price is $45.11 and its 200-day moving average price is $42.22.

NBT Bancorp (NASDAQ:NBTB) last announced its earnings results on Monday, October 28th. The bank reported $0.80 earnings per share 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 business had revenue of $202.00 million for the quarter, compared to analyst estimates of $144.70 million. During the same period in the prior year, the company earned $0.84 EPS. Equities research analysts forecast that NBT Bancorp Inc. will post 2.91 earnings per share for the current fiscal year.

NBT Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Monday, December 2nd. NBT Bancorp’s dividend payout ratio is currently 47.89%.

Institutional Investors Weigh In On NBT Bancorp

Several hedge funds have recently bought and sold shares of NBTB. GAMMA Investing LLC increased 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 position in NBT Bancorp in the third quarter worth $57,000. Quest Partners LLC bought a new position in NBT Bancorp in the third quarter valued at $57,000. SG Americas Securities LLC purchased a new stake in NBT Bancorp during the first quarter valued at about $178,000. Finally, Focused Wealth Management Inc bought a new stake in NBT Bancorp during the third quarter worth about $217,000. 58.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NBTB has been the topic of several recent research reports. Raymond James downgraded NBT Bancorp from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 24th. Stephens restated an “equal weight” rating and issued a $49.00 target price on shares of NBT Bancorp in a research note on Tuesday, September 10th. Finally, StockNews.com upgraded NBT Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $42.60.

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.