Ruth Mahoney Sells 4,500 Shares of NBT Bancorp (NASDAQ:NBTB) Stock

NBT Bancorp Inc. (NASDAQ:NBTB) EVP Ruth Mahoney sold 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $54.30, for a total transaction of $244,350.00. Following the sale, the executive vice president owned 11,928 shares of the company’s stock, valued at approximately $647,690.40. This represents a 27.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

NBT Bancorp Stock Performance

Shares of NBTB opened at $52.65 on Friday. The company has a market capitalization of $2.74 billion, a PE ratio of 12.87 and a beta of 0.48. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.87 and a current ratio of 0.87. The company’s 50 day moving average price is $49.14 and its 200 day moving average price is $45.77. NBT Bancorp Inc. has a 52 week low of $39.19 and a 52 week high of $54.50.

NBT Bancorp (NASDAQ:NBTB) last released its earnings results on Monday, July 27th. The bank reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.01). The company had revenue of $186.69 million during the quarter, compared to analysts’ expectations of $188.81 million. NBT Bancorp had a return on equity of 11.27% and a net margin of 22.58%. Research analysts expect that NBT Bancorp Inc. will post 4.15 EPS for the current fiscal year.

NBT Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.0%. This is a boost from NBT Bancorp’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Tuesday, September 1st. NBT Bancorp’s dividend payout ratio (DPR) is currently 36.19%.

Key NBT Bancorp News

Here are the key news stories impacting NBT Bancorp this week:

• Positive Sentiment: NBT Bancorp raised its quarterly dividend to $0.40 per share from $0.37, equating to an annualized payout of $1.60 and an approximately 3.0% yield. The increase reinforces the stock’s appeal to income-oriented investors. NBT Bancorp Hits New 12-Month High After Dividend Announcement
• Positive Sentiment: Analyst sentiment was mixed but included bullish target increases: DA Davidson raised its price objective to $59 and retained a “buy” rating, while Piper Sandler previously lifted its target to $56 with an “overweight” rating. Analysts Have Conflicting Sentiments on NBT Bancorp
• Neutral Sentiment: Institutional ownership changes were mixed. Bank of New York Mellon reduced its stake by 2.2%, while Fifth Third Bancorp substantially increased its holding from a very small base. Because the filings reflect earlier-quarter activity, they provide limited insight into current trading conviction. Bank of New York Mellon Holdings
• Negative Sentiment: Stephens downgraded NBTB from “overweight” to “equal weight.” Although it increased its target to $55 from $52, the rating change suggests the analyst sees limited additional upside after the stock’s recent advance.
• Negative Sentiment: EVPs Sarah Halliday and Ruth Mahoney sold a combined 13,500 shares for approximately $730,710. The transactions reduced their individual holdings by roughly 29% and 27%, respectively, potentially weighing on sentiment even though the sales may reflect personal financial planning. Sarah Halliday SEC Filing Ruth Mahoney SEC Filing
• Negative Sentiment: The bank’s latest quarterly results narrowly missed expectations, with earnings of $1.01 per share versus $1.02 expected and revenue of $186.69 million versus $188.81 million forecast. The modest miss, combined with a consensus “hold” rating and an average target near the current price, supports the view that NBTB may be fully valued. NBT Bancorp Looks Fully Valued

Institutional Investors Weigh In On NBT Bancorp

A number of large investors have recently bought and sold shares of the business. Private Advisor Group LLC lifted its position in shares of NBT Bancorp by 4.2% in the first quarter. Private Advisor Group LLC now owns 5,809 shares of the bank’s stock worth $247,000 after buying an additional 233 shares during the last quarter. Ascent Wealth Partners LLC lifted its holdings in NBT Bancorp by 6.1% in the 1st quarter. Ascent Wealth Partners LLC now owns 5,353 shares of the bank’s stock worth $228,000 after purchasing an additional 309 shares during the last quarter. Inspire Investing LLC boosted its position in NBT Bancorp by 2.9% during the fourth quarter. Inspire Investing LLC now owns 11,257 shares of the bank’s stock worth $467,000 after purchasing an additional 315 shares during the period. Bessemer Group Inc. grew its holdings in NBT Bancorp by 63.8% during the first quarter. Bessemer Group Inc. now owns 832 shares of the bank’s stock valued at $35,000 after purchasing an additional 324 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its position in shares of NBT Bancorp by 1.4% in the fourth quarter. State of Alaska Department of Revenue now owns 28,929 shares of the bank’s stock valued at $1,200,000 after purchasing an additional 397 shares during the period. 58.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NBTB. Weiss Ratings reissued a “buy (b)” rating on shares of NBT Bancorp in a research report on Tuesday, July 21st. DA Davidson raised their price target on NBT Bancorp from $52.00 to $59.00 and gave the stock a “buy” rating in a research note on Wednesday. Stephens lowered NBT Bancorp from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $52.00 to $55.00 in a report on Thursday. Piper Sandler boosted their price target on NBT Bancorp from $50.00 to $56.00 and gave the company an “overweight” rating in a research note on Friday, June 26th. Finally, Hovde Group dropped their price objective on NBT Bancorp from $47.00 to $46.50 and set a “market perform” rating on the stock in a report on Monday, April 27th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $54.12.

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.