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

NBT Bancorp Inc. (NASDAQ:NBTB) EVP Sarah A. Halliday sold 5,000 shares of the business’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 transaction, the executive vice president now owns 25,564 shares in the company, valued at approximately $1,238,575.80. The trade was a 16.36 % 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 link.

NBT Bancorp Stock Up 1.3 %

Shares of NASDAQ NBTB traded up $0.61 during mid-day trading on Tuesday, hitting $48.91. 13,753 shares of the stock traded hands, compared to its average volume of 200,730. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 16.50 and a beta of 0.52. The stock has a fifty day moving average price of $48.46 and a 200-day moving average price of $47.12. NBT Bancorp Inc. has a 52 week low of $32.79 and a 52 week 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 released its 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 return on equity of 9.39% and a net margin of 17.84%. During the same quarter in the previous year, the company earned $0.72 earnings per share. Research analysts anticipate that NBT Bancorp Inc. will post 3.69 EPS for the current year.

NBT Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Monday, March 3rd. NBT Bancorp’s dividend payout ratio (DPR) is 45.95%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NBTB. GAMMA Investing LLC boosted its holdings in shares of NBT Bancorp by 47.9% during the 3rd quarter. GAMMA Investing LLC now owns 778 shares of the bank’s stock valued at $34,000 after acquiring an additional 252 shares during the last quarter. US Bancorp DE bought a new position in shares of NBT Bancorp during the 3rd quarter valued at $57,000. Quest Partners LLC bought a new stake in shares of NBT Bancorp in the third quarter worth $57,000. Rialto Wealth Management LLC purchased a new stake in NBT Bancorp during the fourth quarter valued at $87,000. Finally, Crews Bank & Trust bought a new position in NBT Bancorp in the fourth quarter valued at about $98,000. Institutional investors 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.