NBT Bancorp Inc. (NBTB) Director Patricia T. Civil Sells 3,250 Shares
NBT Bancorp Inc. (NASDAQ:NBTB) Director Patricia T. Civil sold 3,250 shares of NBT Bancorp stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $38.74, for a total value of $125,905.00. Following the transaction, the director now owns 24,168 shares of the company’s stock, valued at approximately $936,268.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
NBT Bancorp Inc. (NASDAQ:NBTB) traded up 0.59% during trading on Friday, reaching $38.90. The company had a trading volume of 75,058 shares. The stock has a 50 day moving average price of $34.25 and a 200 day moving average price of $31.02. NBT Bancorp Inc. has a 52 week low of $23.81 and a 52 week high of $40.96. The firm has a market capitalization of $1.68 billion, a P/E ratio of 21.85 and a beta of 0.79.
NBT Bancorp (NASDAQ:NBTB) last posted its earnings results on Monday, October 24th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The company earned $96.31 million during the quarter. NBT Bancorp had a return on equity of 8.73% and a net margin of 19.35%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 EPS. Analysts predict that NBT Bancorp Inc. will post $1.80 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be issued a dividend of $0.23 per share. The ex-dividend date is Tuesday, November 29th. This represents a $0.92 dividend on an annualized basis and a yield of 2.38%. NBT Bancorp’s dividend payout ratio is currently 51.69%.
A number of hedge funds have recently bought and sold shares of the company. BlackRock Fund Advisors raised its stake in NBT Bancorp by 8.2% in the third quarter. BlackRock Fund Advisors now owns 2,989,140 shares of the company’s stock worth $98,253,000 after buying an additional 225,515 shares in the last quarter. Nordea Investment Management AB acquired a new stake in shares of NBT Bancorp during the third quarter valued at approximately $7,346,000. Vanguard Group Inc. raised its stake in shares of NBT Bancorp by 6.4% in the second quarter. Vanguard Group Inc. now owns 3,583,786 shares of the company’s stock valued at $102,604,000 after buying an additional 215,048 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of NBT Bancorp by 5.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,844,657 shares of the company’s stock valued at $52,811,000 after buying an additional 92,560 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of NBT Bancorp by 198.6% in the third quarter. Morgan Stanley now owns 134,609 shares of the company’s stock valued at $4,425,000 after buying an additional 89,528 shares in the last quarter. Institutional investors own 46.71% of the company’s stock.
NBTB has been the subject of a number of research analyst reports. Zacks Investment Research lowered NBT Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, September 28th. Piper Jaffray Cos. lowered NBT Bancorp from a “neutral” rating to an “underweight” rating in a report on Wednesday. Boenning Scattergood lowered NBT Bancorp from a “neutral” rating to an “underperform” rating in a report on Thursday. Finally, Keefe, Bruyette & Woods lifted their price objective on NBT Bancorp from $27.00 to $28.00 and gave the stock a “market perform” rating in a report on Friday, July 29th.
NBT Bancorp Company Profile
NBT Bancorp Inc is a financial holding company. The Company conducts its business through NBT Bank, National Association (the Bank) and other subsidiaries, which provide commercial banking and financial services to customers in its market area, including central and upstate New York, northeastern Pennsylvania, southern New Hampshire, western Massachusetts, Vermont and Portland, Maine area.
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