NBT Bancorp (NBTB) Scheduled to Post Earnings on Monday

NBT Bancorp (NASDAQ:NBTB) will release its earnings data after the market closes on Monday, October 28th. Analysts expect NBT Bancorp to post earnings of $0.78 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

NBT Bancorp Trading Down 1.9 %

NASDAQ NBTB opened at $43.58 on Friday. NBT Bancorp has a fifty-two week low of $32.47 and a fifty-two week high of $50.83. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.86 and a current ratio of 0.87. The stock has a 50 day simple moving average of $45.42 and a two-hundred day simple moving average of $41.33. The stock has a market cap of $2.06 billion, a P/E ratio of 16.89 and a beta of 0.50.

Insider Transactions at NBT Bancorp

In other news, Director V Daniel Robinson II sold 20,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $44.10, for a total value of $882,000.00. Following the completion of the transaction, the director now owns 517,558 shares of the company’s stock, valued at approximately $22,824,307.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director V Daniel Robinson II sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $44.10, for a total transaction of $882,000.00. Following the completion of the transaction, the director now owns 517,558 shares of the company’s stock, valued at $22,824,307.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Amy Wiles sold 556 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $45.00, for a total value of $25,020.00. Following the transaction, the executive vice president now directly owns 28,909 shares of the company’s stock, valued at approximately $1,300,905. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 101,556 shares of company stock valued at $4,527,790. Corporate insiders own 3.32% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on NBTB. Stephens reiterated an “equal weight” rating and issued a $49.00 price objective on shares of NBT Bancorp in a report on Tuesday, September 10th. Raymond James cut NBT Bancorp from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 24th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, NBT Bancorp currently has a consensus rating of “Hold” and an average target price of $42.60.

About NBT Bancorp

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.