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 NBT Bancorp stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $48.45, for a total value of $242,250.00. Following the sale, the executive vice president now directly owns 25,564 shares of the company’s stock, valued at $1,238,575.80. This trade represents a 16.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

NBT Bancorp Trading Down 2.8 %

NBTB opened at $47.76 on Thursday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.17. NBT Bancorp Inc. has a 52 week low of $32.79 and a 52 week high of $52.44. The business’s 50 day moving average is $48.43 and its two-hundred day moving average is $47.10. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 16.14 and a beta of 0.52.

NBT Bancorp (NASDAQ:NBTB) last announced its 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 last year, the firm earned $0.72 earnings per share. On average, research analysts predict that NBT Bancorp Inc. will post 3.69 EPS for the current year.

NBT Bancorp Announces Dividend

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

Institutional Investors Weigh In On NBT Bancorp

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC raised its stake in 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 purchased a new position in shares of NBT Bancorp in the 3rd quarter valued at approximately $57,000. Quest Partners LLC acquired a new position in shares of NBT Bancorp in the third quarter valued at approximately $57,000. Rialto Wealth Management LLC purchased a new stake in shares of NBT Bancorp during the fourth quarter worth approximately $87,000. Finally, Crews Bank & Trust acquired a new stake in shares of NBT Bancorp during the fourth quarter worth $98,000. Institutional investors and hedge funds own 58.46% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Stephens raised NBT Bancorp from an “equal weight” rating to an “overweight” rating and set a $53.00 target price on the stock in a research report on Wednesday, January 29th. DA Davidson initiated coverage on shares of NBT Bancorp in a report on Thursday, December 12th. They set a “neutral” rating and a $60.00 price objective on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of NBT Bancorp from $50.00 to $55.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, StockNews.com downgraded shares of NBT Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, January 16th. One research 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 stock. According to MarketBeat.com, NBT Bancorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.75.

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.