NBT Bancorp Inc. (NASDAQ:NBTB) posted its quarterly earnings data on Monday, July 24th. The bank reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01, Briefing.com reports. NBT Bancorp had a net margin of 19.68% and a return on equity of 8.81%. The company had revenue of $99.93 million for the quarter, compared to analyst estimates of $100.91 million. During the same period in the prior year, the company posted $0.46 EPS.

NBT Bancorp (NASDAQ:NBTB) traded up 0.85% during trading on Friday, hitting $33.15. 162,156 shares of the stock were exchanged. The stock has a market cap of $1.44 billion, a P/E ratio of 17.82 and a beta of 0.88. The stock’s 50 day moving average price is $35.84 and its 200 day moving average price is $37.64. NBT Bancorp has a 12 month low of $31.27 and a 12 month high of $42.56.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.78%. NBT Bancorp’s dividend payout ratio is presently 49.46%.

In related news, Director John C. Mitchell sold 1,570 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $36.27, for a total transaction of $56,943.90. Following the sale, the director now directly owns 34,219 shares of the company’s stock, valued at approximately $1,241,123.13. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John C. Mitchell sold 1,438 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $35.48, for a total transaction of $51,020.24. Following the sale, the director now directly owns 32,781 shares in the company, valued at $1,163,069.88. The disclosure for this sale can be found here. 2.83% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of NBT Bancorp by 47,917.6% in the first quarter. BlackRock Inc. now owns 5,456,241 shares of the bank’s stock worth $202,263,000 after buying an additional 5,444,878 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of NBT Bancorp by 0.7% in the second quarter. Vanguard Group Inc. now owns 4,097,601 shares of the bank’s stock worth $151,407,000 after buying an additional 30,239 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of NBT Bancorp by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,974,934 shares of the bank’s stock worth $72,975,000 after buying an additional 23,784 shares in the last quarter. State Street Corp increased its stake in shares of NBT Bancorp by 14.1% in the first quarter. State Street Corp now owns 1,246,976 shares of the bank’s stock worth $46,225,000 after buying an additional 154,441 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of NBT Bancorp by 1.4% in the second quarter. Northern Trust Corp now owns 1,103,970 shares of the bank’s stock worth $40,792,000 after buying an additional 14,921 shares in the last quarter. 49.87% of the stock is currently owned by institutional investors.

NBTB has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of NBT Bancorp from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Saturday, June 10th. ValuEngine raised shares of NBT Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. BidaskClub raised shares of NBT Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $35.50 target price on shares of NBT Bancorp in a research report on Friday, July 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. NBT Bancorp has an average rating of “Hold” and an average price target of $36.75.

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About NBT Bancorp

NBT Bancorp Inc is a financial holding company. The Company conducts its business through NBT Bank, National Association (the Bank) and also through its other subsidiaries, which includes providing 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.

Earnings History for NBT Bancorp (NASDAQ:NBTB)

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