NBT Bancorp (NASDAQ:NBTB) EVP Amy Wiles Sells 4,435 Shares

NBT Bancorp Inc. (NASDAQ:NBTB) EVP Amy Wiles sold 4,435 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $45.72, for a total transaction of $202,768.20. Following the completion of the transaction, the executive vice president owned 21,500 shares in the company, valued at $982,980. The trade was a 17.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

NBT Bancorp Price Performance

NASDAQ NBTB opened at $44.98 on Thursday. The business’s fifty day moving average is $43.88 and its 200 day moving average is $42.63. NBT Bancorp Inc. has a fifty-two week low of $37.31 and a fifty-two week high of $48.22. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market capitalization of $2.35 billion, a PE ratio of 13.63 and a beta of 0.51.

NBT Bancorp (NASDAQ:NBTB) last posted its quarterly earnings data on Monday, January 26th. The bank reported $1.05 EPS for the quarter, topping the consensus estimate of $0.99 by $0.06. The firm had revenue of $185.14 million for the quarter, compared to the consensus estimate of $183.63 million. NBT Bancorp had a return on equity of 10.86% and a net margin of 18.67%. Sell-side analysts predict that NBT Bancorp Inc. will post 3.69 earnings per share for the current year.

NBT Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Monday, March 2nd. NBT Bancorp’s dividend payout ratio is presently 44.85%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NBTB. Weiss Ratings restated a “hold (c)” rating on shares of NBT Bancorp in a research note on Monday, December 29th. Janney Montgomery Scott raised NBT Bancorp to a “strong-buy” rating in a research note on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, NBT Bancorp currently has an average rating of “Moderate Buy” and a consensus price target of $50.67.

Hedge Funds Weigh In On NBT Bancorp

Several hedge funds have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV grew its holdings in shares of NBT Bancorp by 10.3% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 36,266 shares of the bank’s stock worth $1,506,000 after purchasing an additional 3,378 shares during the last quarter. Voloridge Investment Management LLC raised its position in NBT Bancorp by 6.3% during the 4th quarter. Voloridge Investment Management LLC now owns 27,823 shares of the bank’s stock valued at $1,155,000 after purchasing an additional 1,645 shares in the last quarter. Numerai GP LLC raised its holdings in shares of NBT Bancorp by 4.3% in the fourth quarter. Numerai GP LLC now owns 37,115 shares of the bank’s stock valued at $1,541,000 after acquiring an additional 1,524 shares in the last quarter. Occudo Quantitative Strategies LP grew its holdings in NBT Bancorp by 87.4% during the 4th quarter. Occudo Quantitative Strategies LP now owns 23,924 shares of the bank’s stock worth $993,000 after acquiring an additional 11,161 shares in the last quarter. Finally, Man Group plc purchased a new stake in shares of NBT Bancorp in the 4th quarter worth approximately $206,000. Institutional investors 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.