NBT Bancorp Inc. (NASDAQ:NBTB) Director V Daniel Robinson II sold 15,000 shares of NBT Bancorp stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $38.76, for a total transaction of $581,400.00. Following the completion of the sale, the director now owns 10,141 shares in the company, valued at $393,065.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Monday, October 30th, V Daniel Robinson II sold 25,000 shares of NBT Bancorp stock. The shares were sold at an average price of $38.56, for a total transaction of $964,000.00.
  • On Wednesday, October 25th, V Daniel Robinson II sold 25,000 shares of NBT Bancorp stock. The shares were sold at an average price of $38.58, for a total transaction of $964,500.00.

NBT Bancorp (NASDAQ:NBTB) last issued its earnings results on Tuesday, October 24th. The bank reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. NBT Bancorp had a return on equity of 9.01% and a net margin of 20.02%. The company had revenue of $102.71 million for the quarter, compared to analysts’ expectations of $101.31 million. During the same period last year, the business earned $0.46 EPS. NBT Bancorp’s quarterly revenue was up 6.6% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Thursday, November 30th. NBT Bancorp’s dividend payout ratio is currently 47.92%.

NBT Bancorp announced that its board has approved a share repurchase plan on Monday, October 23rd that authorizes the company to repurchase 1,000,000 shares. This repurchase authorization authorizes the bank to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

ILLEGAL ACTIVITY WARNING: “V Daniel Robinson II Sells 15,000 Shares of NBT Bancorp Inc. (NBTB) Stock” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/11/02/v-daniel-robinson-ii-sells-15000-shares-of-nbt-bancorp-inc-nbtb-stock.html.

NBTB has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of NBT Bancorp from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Tuesday, September 5th. ValuEngine upgraded shares of NBT Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Piper Jaffray Companies reiterated a “hold” rating and issued a $35.00 price objective on shares of NBT Bancorp in a report on Wednesday, July 26th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $38.50 price objective on shares of NBT Bancorp in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. NBT Bancorp presently has a consensus rating of “Hold” and an average price target of $37.38.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC raised its position in NBT Bancorp by 0.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 5,867 shares of the bank’s stock valued at $217,000 after buying an additional 47 shares during the last quarter. Amalgamated Bank raised its position in NBT Bancorp by 1.1% in the 2nd quarter. Amalgamated Bank now owns 5,814 shares of the bank’s stock valued at $215,000 after buying an additional 66 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in NBT Bancorp by 0.9% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 9,860 shares of the bank’s stock valued at $366,000 after buying an additional 90 shares during the last quarter. PNC Financial Services Group Inc. raised its position in NBT Bancorp by 0.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 39,800 shares of the bank’s stock valued at $1,471,000 after buying an additional 139 shares during the last quarter. Finally, Texas Permanent School Fund raised its position in NBT Bancorp by 1.0% in the 2nd quarter. Texas Permanent School Fund now owns 31,719 shares of the bank’s stock valued at $1,172,000 after buying an additional 301 shares during the last quarter. 49.13% of the stock is owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for NBT Bancorp (NASDAQ:NBTB)

Receive News & Stock Ratings for NBT Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NBT Bancorp Inc. and related stocks with our FREE daily email newsletter.