NBT Bancorp Inc. (NASDAQ:NBTB) Given Consensus Rating of “Moderate Buy” by Analysts

NBT Bancorp Inc. (NASDAQ:NBTB) has earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $51.75.

NBTB has been the topic of several analyst reports. DA Davidson initiated coverage on NBT Bancorp in a report on Thursday, December 12th. They issued a “neutral” rating and a $60.00 price objective on the stock. StockNews.com cut shares of NBT Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, January 16th. Keefe, Bruyette & Woods boosted their price objective on shares of NBT Bancorp from $50.00 to $55.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, Stephens upgraded NBT Bancorp from an “equal weight” rating to an “overweight” rating and set a $53.00 price target on the stock in a report on Wednesday, January 29th.

Insider Buying and Selling at NBT Bancorp

In other news, EVP Sarah A. Halliday sold 5,000 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $48.45, for a total value of $242,250.00. Following the sale, the executive vice president now owns 25,564 shares of the company’s stock, valued at approximately $1,238,575.80. This represents a 16.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Amy Wiles sold 500 shares of NBT Bancorp stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $51.31, for a total transaction of $25,655.00. Following the transaction, the executive vice president now directly owns 27,409 shares of the company’s stock, valued at approximately $1,406,355.79. This represents a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,694 shares of company stock valued at $1,272,535 in the last three months. 3.32% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NBT Bancorp

Hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC grew its stake in NBT Bancorp by 47.9% in the third quarter. GAMMA Investing LLC now owns 778 shares of the bank’s stock worth $34,000 after purchasing an additional 252 shares in the last quarter. US Bancorp DE bought a new position in shares of NBT Bancorp during the 3rd quarter worth $57,000. Quest Partners LLC bought a new position in NBT Bancorp during the 3rd quarter worth about $57,000. Rialto Wealth Management LLC bought a new position in NBT Bancorp during the 4th quarter worth about $87,000. Finally, Crews Bank & Trust bought a new position in NBT Bancorp during the 4th quarter worth about $98,000. Institutional investors own 58.46% of the company’s stock.

NBT Bancorp Stock Up 1.7 %

NBTB stock opened at $49.14 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $2.32 billion, a PE ratio of 16.60 and a beta of 0.52. NBT Bancorp has a twelve month low of $32.79 and a twelve month high of $52.44. The stock has a 50-day simple moving average of $48.43 and a two-hundred day simple moving average of $47.11.

NBT Bancorp (NASDAQ:NBTB) last released its quarterly earnings results on Monday, January 27th. The bank reported $0.77 EPS 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 quarter in the previous year, the business earned $0.72 EPS. On average, equities analysts predict that NBT Bancorp will post 3.69 EPS 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. Investors of record on Monday, March 3rd will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Monday, March 3rd. NBT Bancorp’s dividend payout ratio is currently 45.95%.

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.