NBT Bancorp Inc. (NASDAQ:NBTB) EVP Amy Wiles Sells 500 Shares

NBT Bancorp Inc. (NASDAQ:NBTB) EVP Amy Wiles sold 500 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $51.31, for a total value of $25,655.00. Following the transaction, the executive vice president now directly owns 27,409 shares in the company, valued at $1,406,355.79. This trade represents a 1.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Amy Wiles also recently made the following trade(s):

• On Thursday, November 7th, Amy Wiles sold 1,000 shares of NBT Bancorp stock. The stock was sold at an average price of $50.10, for a total value of $50,100.00.

NBT Bancorp Price Performance

NBT Bancorp stock opened at $52.33 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 18.43 and a beta of 0.52. The company’s 50 day simple moving average is $47.67 and its 200-day simple moving average is $44.57. NBT Bancorp Inc. has a 1 year low of $32.79 and a 1 year high of $52.39.

NBT Bancorp (NASDAQ:NBTB) last released its quarterly earnings results on Monday, October 28th. The bank reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. NBT Bancorp had a return on equity of 9.36% and a net margin of 17.37%. The company had revenue of $202.00 million for the quarter, compared to analysts’ expectations of $144.70 million. During the same period in the prior year, the firm earned $0.84 earnings per share. As a group, equities research analysts expect that NBT Bancorp Inc. will post 2.94 earnings per share for the current year.

NBT Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date was Monday, December 2nd. NBT Bancorp’s dividend payout ratio (DPR) is 47.89%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NBTB. StockNews.com raised shares of NBT Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, December 10th. Stephens reissued an “equal weight” rating and issued a $49.00 price target on shares of NBT Bancorp in a research note on Tuesday, September 10th. Keefe, Bruyette & Woods raised their price target on shares of NBT Bancorp from $50.00 to $55.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, DA Davidson began coverage on NBT Bancorp in a report on Thursday, December 12th. They issued a “neutral” rating and a $60.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, NBT Bancorp presently has an average rating of “Moderate Buy” and a consensus target price of $48.17.

Hedge Funds Weigh In On NBT Bancorp

Several institutional investors have recently bought and sold shares of the company. Fidelity D & D Bancorp Inc. purchased a new position in shares of NBT Bancorp in the third quarter valued at approximately $218,000. Franklin Resources Inc. lifted its holdings in NBT Bancorp by 472.1% during the 3rd quarter. Franklin Resources Inc. now owns 74,468 shares of the bank’s stock worth $3,379,000 after buying an additional 61,451 shares in the last quarter. Geode Capital Management LLC boosted its position in NBT Bancorp by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,118,410 shares of the bank’s stock valued at $49,477,000 after buying an additional 10,628 shares during the period. Barclays PLC grew its stake in shares of NBT Bancorp by 41.8% in the third quarter. Barclays PLC now owns 91,880 shares of the bank’s stock worth $4,064,000 after acquiring an additional 27,085 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of NBT Bancorp during the third quarter worth $1,278,000. 58.46% of the stock is owned by institutional investors and hedge funds.

About NBT Bancorp

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 indirect and direct consumer, home equity, mortgages, business banking loans, and commercial loans; commercial and industrial, commercial real estate, agricultural, and commercial construction loans; and residential real estate loans.