NBT Bancorp (NASDAQ:NBTB) Director Timothy Delaney Buys 22,730 Shares of Stock

NBT Bancorp Inc. (NASDAQ:NBTB) Director Timothy Delaney acquired 22,730 shares of NBT Bancorp stock in a transaction on Wednesday, January 28th. The shares were purchased at an average price of $42.97 per share, for a total transaction of $976,708.10. Following the completion of the acquisition, the director directly owned 74,615 shares in the company, valued at $3,206,206.55. This trade represents a 43.81% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

NBT Bancorp Price Performance

NBTB opened at $44.11 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.09. NBT Bancorp Inc. has a 12-month low of $37.31 and a 12-month high of $49.18. The business’s fifty day simple moving average is $42.86 and its 200-day simple moving average is $42.31. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 13.37 and a beta of 0.50.

NBT Bancorp (NASDAQ:NBTB) last posted its quarterly earnings results on Monday, January 26th. The bank reported $1.05 EPS for the quarter, beating the consensus estimate of $0.99 by $0.06. NBT Bancorp had a net margin of 18.67% and a return on equity of 10.86%. The business had revenue of $185.14 million during the quarter, compared to analyst estimates of $183.63 million. On average, equities research analysts anticipate that NBT Bancorp Inc. will post 3.69 earnings per share for the current fiscal year.

NBT Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 3.4%. NBT Bancorp’s dividend payout ratio (DPR) is presently 49.33%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Janney Montgomery Scott upgraded shares of NBT Bancorp to a “strong-buy” rating in a report on Wednesday, October 22nd. Weiss Ratings restated a “hold (c)” rating on shares of NBT Bancorp in a research note on Monday, December 29th. DA Davidson downgraded shares of NBT Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Finally, Piper Sandler set a $47.00 target price on NBT Bancorp and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, NBT Bancorp presently has an average rating of “Moderate Buy” and a consensus price target of $50.67.

Institutional Investors Weigh In On NBT Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in NBTB. Prime Capital Investment Advisors LLC acquired a new position in NBT Bancorp during the second quarter worth $247,000. Members Advisory Group LLC acquired a new stake in shares of NBT Bancorp in the second quarter valued at about $1,393,000. SG Americas Securities LLC increased its stake in shares of NBT Bancorp by 110.6% during the third quarter. SG Americas Securities LLC now owns 24,302 shares of the bank’s stock worth $1,015,000 after purchasing an additional 12,761 shares in the last quarter. PL Capital Advisors LLC purchased a new stake in shares of NBT Bancorp during the second quarter worth about $16,326,000. Finally, First Citizens Bank & Trust Co. acquired a new position in shares of NBT Bancorp during the 2nd quarter worth about $292,000. Institutional investors and hedge funds own 58.46% of the company’s stock.

NBT Bancorp Company Profile

NBT Bancorp, Inc (NASDAQ: NBTB) is the bank holding company for NBT Bank, N.A., a full-service commercial bank that serves both individual and corporate clients across the Northeastern United States. Through its branch network and digital channels, the company offers a comprehensive range of commercial banking services, including business lending, treasury management, cash management and specialized industry financing. Its consumer banking platform provides checking and savings accounts, certificates of deposit, home mortgages, home equity lines of credit and other lending solutions tailored to meet personal and household financial needs.

In addition to traditional banking, NBT Bancorp delivers wealth management and fiduciary services through its trust division, offering investment advisory, trust administration, retirement planning and estate settlement.