NBT Bancorp Inc. (NASDAQ:NBTB) Director V Daniel Robinson II sold 10,000 shares of NBT Bancorp stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $30.80, for a total value of $308,000.00. Following the completion of the sale, the director now directly owns 13,582 shares in the company, valued at approximately $418,325.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of NASDAQ:NBTB opened at $29.79 on Friday. The company has a fifty day moving average of $29.74 and a 200-day moving average of $33.13. The company has a market capitalization of $1.31 billion, a PE ratio of 13.67 and a beta of 0.67. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 0.90. NBT Bancorp Inc. has a 52-week low of $26.32 and a 52-week high of $41.50.

NBT Bancorp (NASDAQ:NBTB) last announced its quarterly earnings results on Monday, July 27th. The bank reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.13. The company had revenue of $115.46 million during the quarter, compared to the consensus estimate of $112.55 million. NBT Bancorp had a net margin of 19.05% and a return on equity of 8.62%. On average, equities analysts forecast that NBT Bancorp Inc. will post 1.82 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.27 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.08 annualized dividend and a dividend yield of 3.63%. NBT Bancorp’s dividend payout ratio is 39.42%.

Several institutional investors have recently modified their holdings of NBTB. Versant Capital Management Inc grew its stake in shares of NBT Bancorp by 111.1% in the second quarter. Versant Capital Management Inc now owns 815 shares of the bank’s stock worth $25,000 after purchasing an additional 429 shares during the last quarter. Jacobi Capital Management LLC grew its stake in shares of NBT Bancorp by 28.7% in the second quarter. Jacobi Capital Management LLC now owns 3,478 shares of the bank’s stock worth $83,000 after purchasing an additional 776 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of NBT Bancorp by 60.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,438 shares of the bank’s stock worth $144,000 after purchasing an additional 1,677 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of NBT Bancorp by 23.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,467 shares of the bank’s stock worth $168,000 after purchasing an additional 1,029 shares during the last quarter. Finally, Cornell Pochily Investment Advisors Inc. bought a new stake in shares of NBT Bancorp in the first quarter worth $220,000. 56.00% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently weighed in on NBTB shares. Piper Sandler lifted their price target on shares of NBT Bancorp from $31.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday. Zacks Investment Research upgraded shares of NBT Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, July 21st. Stephens assumed coverage on shares of NBT Bancorp in a research report on Monday, June 1st. They set an “equal weight” rating and a $35.00 price objective for the company. Finally, BidaskClub downgraded shares of NBT Bancorp from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 8th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. NBT Bancorp presently has a consensus rating of “Hold” and an average price target of $37.25.

NBT Bancorp Company Profile

NBT Bancorp Inc, a financial holding company, provides commercial banking, retail banking, and wealth management services. Its deposit products include demand deposit, savings, negotiable order of withdrawal, money market deposit, and certificate of deposit accounts. The company's loan portfolio comprises commercial and industrial, commercial real estate, agricultural, and commercial construction loans; indirect and direct consumer, home equity, direct loans, mortgages, business banking loans, and commercial loans; and residential real estate loans, as well as development loans.

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