Timothy E. Delaney Sells 10,000 Shares of NBT Bancorp Inc. (NBTB) Stock
NBT Bancorp Inc. (NASDAQ:NBTB) Director Timothy E. Delaney sold 10,000 shares of the stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $38.59, for a total transaction of $385,900.00. Following the completion of the transaction, the director now owns 42,532 shares in the company, valued at $1,641,309.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of NBT Bancorp Inc. (NASDAQ:NBTB) traded up 0.85% during midday trading on Friday, reaching $39.00. 217,156 shares of the company’s stock traded hands. The stock has a market cap of $1.68 billion, a P/E ratio of 21.91 and a beta of 0.79. NBT Bancorp Inc. has a 52-week low of $23.81 and a 52-week high of $40.96. The stock has a 50-day moving average price of $34.25 and a 200-day moving average price of $31.02.
NBT Bancorp (NASDAQ:NBTB) last released its earnings results on Monday, October 24th. The company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.01. The firm earned $96.31 million during the quarter. NBT Bancorp had a net margin of 19.35% and a return on equity of 8.73%. The firm’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 EPS. Analysts forecast that NBT Bancorp Inc. will post $1.80 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.92 annualized dividend and a dividend yield of 2.38%. NBT Bancorp’s payout ratio is 51.69%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. NBT Bank N A NY increased its position in NBT Bancorp by 1.2% in the second quarter. NBT Bank N A NY now owns 270,839 shares of the company’s stock valued at $7,754,000 after buying an additional 3,172 shares during the last quarter. First Trust Advisors LP increased its position in NBT Bancorp by 0.9% in the second quarter. First Trust Advisors LP now owns 62,311 shares of the company’s stock valued at $1,784,000 after buying an additional 541 shares during the last quarter. SG Americas Securities LLC bought a new position in NBT Bancorp during the second quarter valued at about $141,000. Emerald Acquisition Ltd. bought a new position in NBT Bancorp during the second quarter valued at about $207,000. Finally, Societe Generale bought a new position in NBT Bancorp during the second quarter valued at about $141,000. Institutional investors own 46.71% of the company’s stock.
NBTB has been the topic of several analyst reports. Piper Jaffray Cos. lowered shares of NBT Bancorp from a “neutral” rating to an “underweight” rating in a report on Wednesday. Zacks Investment Research upgraded shares of NBT Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a report on Tuesday, November 1st. Keefe, Bruyette & Woods increased their price objective on shares of NBT Bancorp from $27.00 to $28.00 and gave the company a “market perform” rating in a report on Friday, July 29th. Finally, Boenning Scattergood downgraded shares of NBT Bancorp from a “neutral” rating to an “underperform” rating in a research note on Thursday.
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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