NBT Bancorp Inc. (NASDAQ:NBTB) EVP Sarah A. Halliday Sells 5,000 Shares

NBT Bancorp Inc. (NASDAQ:NBTB) EVP Sarah A. Halliday sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $48.45, for a total transaction of $242,250.00. Following the completion of the sale, the executive vice president now owns 25,564 shares of the company’s stock, valued at approximately $1,238,575.80. The trade was a 16.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NBT Bancorp Stock Performance

Shares of NBTB stock opened at $47.76 on Thursday. The stock has a fifty day moving average price of $48.43 and a 200 day moving average price of $47.10. The stock has a market cap of $2.25 billion, a PE ratio of 16.14 and a beta of 0.52. NBT Bancorp Inc. has a 1 year low of $32.79 and a 1 year high of $52.44. 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 (NASDAQ:NBTB) last announced its quarterly earnings results on Monday, January 27th. The bank reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). NBT Bancorp had a net margin of 17.84% and a return on equity of 9.39%. During the same period in the previous year, the firm posted $0.72 earnings per share. Sell-side analysts forecast that NBT Bancorp Inc. will post 3.69 earnings per share for the current fiscal year.

NBT Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Monday, March 3rd. NBT Bancorp’s payout ratio is currently 45.95%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. StockNews.com cut NBT Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, January 16th. Stephens upgraded NBT Bancorp from an “equal weight” rating to an “overweight” rating and set a $53.00 price objective for the company in a research report on Wednesday, January 29th. DA Davidson started coverage on shares of NBT Bancorp in a research report on Thursday, December 12th. They set a “neutral” rating and a $60.00 target price on the stock. Finally, Keefe, Bruyette & Woods upped their price target on shares of NBT Bancorp from $50.00 to $55.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, NBT Bancorp currently has an average rating of “Moderate Buy” and a consensus price target of $51.75.

Institutional Trading of NBT Bancorp

Large investors have recently modified their holdings of the business. GAMMA Investing LLC raised its position in shares of NBT Bancorp by 47.9% during the 3rd quarter. GAMMA Investing LLC now owns 778 shares of the bank’s stock worth $34,000 after purchasing an additional 252 shares during the last quarter. US Bancorp DE purchased a new position in NBT Bancorp during the third quarter worth $57,000. Quest Partners LLC acquired a new position in shares of NBT Bancorp in the third quarter worth $57,000. Rialto Wealth Management LLC purchased a new stake in shares of NBT Bancorp in the fourth quarter valued at $87,000. Finally, Crews Bank & Trust acquired a new stake in shares of NBT Bancorp during the fourth quarter valued at $98,000. 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.