NBT Bancorp Inc. (NASDAQ:NBTB) EVP Sarah A. Halliday Sells 5,000 Shares

NBT Bancorp Inc. (NASDAQ:NBTB) EVP Sarah A. Halliday sold 5,000 shares of NBT Bancorp stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $48.45, for a total transaction of $242,250.00. Following the sale, the executive vice president now owns 25,564 shares in the company, valued at approximately $1,238,575.80. The trade was a 16.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

NBT Bancorp Stock Up 1.3 %

NASDAQ NBTB traded up $0.61 on Tuesday, reaching $48.91. 13,753 shares of the stock traded hands, compared to its average volume of 200,730. NBT Bancorp Inc. has a 12 month low of $32.79 and a 12 month high of $52.44. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 16.50 and a beta of 0.52. The company has a fifty day moving average price of $48.46 and a 200-day moving average price of $47.12. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.87 and a current ratio of 0.87.

NBT Bancorp (NASDAQ:NBTB) last posted its quarterly earnings results on Monday, January 27th. The bank reported $0.77 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.01). NBT Bancorp had a net margin of 17.84% and a return on equity of 9.39%. During the same quarter in the prior year, the business posted $0.72 earnings per share. As a group, research analysts forecast that NBT Bancorp Inc. will post 3.69 EPS for the current fiscal year.

NBT Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.34 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.78%. NBT Bancorp’s payout ratio is 45.95%.

Analyst Upgrades and Downgrades

NBTB has been the topic of several research analyst reports. StockNews.com cut shares of NBT Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, January 16th. DA Davidson began coverage on NBT Bancorp in a research note on Thursday, December 12th. They set a “neutral” rating and a $60.00 price target for the company. Keefe, Bruyette & Woods lifted their price objective on NBT Bancorp from $50.00 to $55.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, Stephens raised shares of NBT Bancorp from an “equal weight” rating to an “overweight” rating and set a $53.00 target price for the company in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, NBT Bancorp currently has a consensus rating of “Moderate Buy” and an average target price of $51.75.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Cibc World Markets Corp acquired a new stake in NBT Bancorp during the fourth quarter worth about $206,000. Commonwealth Equity Services LLC grew its stake in NBT Bancorp by 5.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 131,101 shares of the bank’s stock valued at $6,261,000 after acquiring an additional 7,316 shares in the last quarter. Swiss National Bank increased its holdings in shares of NBT Bancorp by 0.8% during the 4th quarter. Swiss National Bank now owns 92,800 shares of the bank’s stock worth $4,432,000 after buying an additional 700 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in NBT Bancorp by 323.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 32,722 shares of the bank’s stock valued at $1,563,000 after acquiring an additional 24,988 shares during the last quarter. Finally, Great Lakes Advisors LLC purchased a new position in NBT Bancorp in the fourth quarter worth approximately $4,294,000. Institutional investors and hedge funds own 58.46% of the company’s stock.

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.