Amy Wiles Sells 556 Shares of NBT Bancorp Inc. (NASDAQ:NBTB) Stock

NBT Bancorp Inc. (NASDAQ:NBTB) EVP Amy Wiles sold 556 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $45.00, for a total transaction of $25,020.00. Following the transaction, the executive vice president now owns 28,909 shares of the company’s stock, valued at approximately $1,300,905. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

NBT Bancorp Stock Performance

NASDAQ:NBTB opened at $46.15 on Friday. The firm has a market capitalization of $2.18 billion, a P/E ratio of 17.82 and a beta of 0.50. NBT Bancorp Inc. has a twelve month low of $30.31 and a twelve month high of $50.83. The company has a fifty day moving average of $46.33 and a 200-day moving average of $39.69. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.17.

NBT Bancorp (NASDAQ:NBTB) last announced its quarterly earnings data on Monday, July 22nd. The bank reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.01). The company had revenue of $194.00 million for the quarter, compared to analyst estimates of $139.02 million. NBT Bancorp had a net margin of 16.15% and a return on equity of 9.64%. During the same quarter in the prior year, the company posted $0.80 EPS. As a group, sell-side analysts anticipate that NBT Bancorp Inc. will post 2.86 EPS for the current year.

NBT Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend was Friday, August 30th. This is a boost from NBT Bancorp’s previous quarterly dividend of $0.32. NBT Bancorp’s dividend payout ratio (DPR) is 52.51%.

Institutional Investors Weigh In On NBT Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the company. Register Financial Advisors LLC acquired a new stake in NBT Bancorp in the 1st quarter valued at $27,000. SG Americas Securities LLC bought a new position in shares of NBT Bancorp in the first quarter valued at $178,000. Union Savings Bank grew its holdings in shares of NBT Bancorp by 4,075.0% during the first quarter. Union Savings Bank now owns 4,843 shares of the bank’s stock valued at $178,000 after buying an additional 4,727 shares during the last quarter. AQR Capital Management LLC bought a new stake in shares of NBT Bancorp during the second quarter worth about $214,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of NBT Bancorp during the first quarter worth about $332,000. Institutional investors own 58.46% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Raymond James cut shares of NBT Bancorp from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 24th. Stephens reiterated an “equal weight” rating and set a $49.00 price target on shares of NBT Bancorp in a report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average 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.