Key Points
- Amy Wiles, EVP, sold 4,435 NBT Bancorp (NBTB) shares on Feb. 17 at an average price of $45.72 for about $202,768, reducing her ownership by 17.1% to 21,500 shares.
- NBT Bancorp declared a quarterly dividend of $0.37 per share (annualized $1.48) payable March 16, with record/ex-dividend date March 2, implying a ~3.3% yield and a 44.85% payout ratio.
- The bank beat expectations with quarterly EPS of $1.05 vs. $0.99 estimate and revenue of $185.14M; the company has a $2.35B market cap and a trailing P/E of 13.63, with analysts holding a consensus "Moderate Buy" and $50.67 target.
NBT Bancorp Inc. (NASDAQ:NBTB - Get Free Report) EVP Amy Wiles sold 4,435 shares of the company's stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $45.72, for a total value of $202,768.20. Following the sale, the executive vice president owned 21,500 shares of the company's stock, valued at $982,980. This trade represents a 17.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
NBT Bancorp Stock Performance
Shares of NBT Bancorp stock opened at $44.98 on Thursday. The company has a market capitalization of $2.35 billion, a PE ratio of 13.63 and a beta of 0.51. The company has a 50-day simple moving average of $43.88 and a two-hundred day simple moving average of $42.63. NBT Bancorp Inc. has a one year low of $37.31 and a one year high of $48.22. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.88 and a current ratio of 0.88.
NBT Bancorp (NASDAQ:NBTB - Get Free Report) last posted its quarterly earnings data on Monday, January 26th. The bank reported $1.05 EPS for the quarter, topping the consensus estimate of $0.99 by $0.06. The firm had revenue of $185.14 million during the quarter, compared to analyst estimates of $183.63 million. NBT Bancorp had a net margin of 18.67% and a return on equity of 10.86%. Research analysts expect that NBT Bancorp Inc. will post 3.69 EPS for the current fiscal year.
NBT Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Monday, March 2nd. NBT Bancorp's dividend payout ratio (DPR) is currently 44.85%.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of NBTB. Savant Capital LLC lifted its holdings in NBT Bancorp by 168.4% during the third quarter. Savant Capital LLC now owns 71,060 shares of the bank's stock valued at $2,967,000 after purchasing an additional 44,585 shares in the last quarter. SG Americas Securities LLC boosted its holdings in NBT Bancorp by 110.6% in the 3rd quarter. SG Americas Securities LLC now owns 24,302 shares of the bank's stock worth $1,015,000 after buying an additional 12,761 shares during the last quarter. PL Capital Advisors LLC acquired a new position in shares of NBT Bancorp during the second quarter valued at approximately $16,326,000. First Citizens Bank & Trust Co. purchased a new position in shares of NBT Bancorp in the second quarter valued at approximately $292,000. Finally, Norges Bank acquired a new stake in shares of NBT Bancorp in the second quarter worth approximately $1,646,000. 58.46% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. Weiss Ratings restated a "hold (c)" rating on shares of NBT Bancorp in a research note on Monday, December 29th. Janney Montgomery Scott raised NBT Bancorp to a "strong-buy" rating in a research report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, NBT Bancorp currently has a consensus rating of "Moderate Buy" and an average target price of $50.67.
Get Our Latest Analysis on NBT Bancorp
NBT Bancorp Company Profile
(
Get Free Report)
NBT Bancorp, Inc (NASDAQ: NBTB) is the bank holding company for NBT Bank, N.A., a full-service commercial bank that serves both individual and corporate clients across the Northeastern United States. Through its branch network and digital channels, the company offers a comprehensive range of commercial banking services, including business lending, treasury management, cash management and specialized industry financing. Its consumer banking platform provides checking and savings accounts, certificates of deposit, home mortgages, home equity lines of credit and other lending solutions tailored to meet personal and household financial needs.
In addition to traditional banking, NBT Bancorp delivers wealth management and fiduciary services through its trust division, offering investment advisory, trust administration, retirement planning and estate settlement.
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