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

Shares of NASDAQ:NBTB opened at $29.79 on Friday. NBT Bancorp Inc. has a 52 week low of $26.32 and a 52 week high of $41.50. The stock has a market capitalization of $1.32 billion, a P/E ratio of 13.83 and a beta of 0.67. The firm has a fifty day simple moving average of $29.74 and a two-hundred day simple moving average of $33.13. The company has a quick ratio of 0.88, a current ratio of 0.90 and a debt-to-equity ratio of 0.23.

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

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

Several large investors have recently modified their holdings of NBTB. Versant Capital Management Inc boosted its stake in shares of NBT Bancorp by 111.1% during the 2nd 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 period. Cornell Pochily Investment Advisors Inc. purchased a new position in shares of NBT Bancorp during the 1st quarter worth about $220,000. Jacobi Capital Management LLC boosted its stake in shares of NBT Bancorp by 28.7% during the 2nd 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 period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of NBT Bancorp by 60.7% during the 1st 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 period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of NBT Bancorp by 23.2% during the 2nd 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 period. 56.00% of the stock is owned by institutional investors and hedge funds.

NBTB has been the topic of a number of research reports. BidaskClub downgraded shares of NBT Bancorp from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 8th. 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 report on Wednesday. Zacks Investment Research upgraded shares of NBT Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, July 21st. Finally, Stephens initiated coverage on shares of NBT Bancorp in a research note on Monday, June 1st. They issued an “equal weight” rating and a $35.00 price objective for the company. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price 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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