Insider Selling: NBT Bancorp Inc. (NASDAQ:NBTB) Director Sells 194 Shares of Stock

NBT Bancorp Inc. (NASDAQ:NBTB) Director V Daniel Robinson II sold 194 shares of NBT Bancorp stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $51.70, for a total value of $10,029.80. Following the completion of the transaction, the director now owns 18,849 shares in the company, valued at $974,493.30. The trade was a 1.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

V Daniel Robinson II also recently made the following trade(s):

• On Monday, September 16th, V Daniel Robinson II sold 30,000 shares of NBT Bancorp stock. The shares were sold at an average price of $44.78, for a total value of $1,343,400.00.

NBT Bancorp Price Performance

Shares of NBTB opened at $51.66 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 18.19 and a beta of 0.52. The business’s 50-day moving average is $47.50 and its 200-day moving average is $44.35. NBT Bancorp Inc. has a fifty-two week low of $32.79 and a fifty-two week high of $52.31.

NBT Bancorp (NASDAQ:NBTB) last released its quarterly earnings data on Monday, October 28th. The bank reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.02. The firm had revenue of $202.00 million for the quarter, compared to analyst estimates of $144.70 million. NBT Bancorp had a net margin of 17.37% and a return on equity of 9.36%. During the same quarter in the prior year, the business earned $0.84 EPS. Equities research analysts expect that NBT Bancorp Inc. will post 2.94 EPS for the current fiscal year.

NBT Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.36 dividend on an annualized basis and a yield of 2.63%. NBT Bancorp’s payout ratio is 47.89%.

Analyst Upgrades and Downgrades

NBTB has been the topic of several recent analyst reports. Stephens restated an “equal weight” rating and set a $49.00 price objective on shares of NBT Bancorp in a report on Tuesday, September 10th. DA Davidson assumed coverage on shares of NBT Bancorp in a report on Thursday. They set a “neutral” rating and a $60.00 price target on the stock. Keefe, Bruyette & Woods upped their price target 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, StockNews.com upgraded shares of NBT Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $48.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NBTB. Fidelity D & D Bancorp Inc. purchased a new stake in shares of NBT Bancorp during the 3rd quarter worth about $218,000. Franklin Resources Inc. grew its stake in shares of NBT Bancorp by 472.1% in the 3rd quarter. Franklin Resources Inc. now owns 74,468 shares of the bank’s stock valued at $3,379,000 after buying an additional 61,451 shares in the last quarter. Geode Capital Management LLC increased its holdings in NBT Bancorp by 1.0% in the third quarter. Geode Capital Management LLC now owns 1,118,410 shares of the bank’s stock worth $49,477,000 after buying an additional 10,628 shares during the last quarter. Barclays PLC raised its position in NBT Bancorp by 41.8% during the third quarter. Barclays PLC now owns 91,880 shares of the bank’s stock valued at $4,064,000 after acquiring an additional 27,085 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in NBT Bancorp in the third quarter valued at approximately $1,278,000. Hedge funds and other institutional investors own 58.46% of the company’s stock.

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.