Amy Wiles Sells 556 Shares of NBT Bancorp Inc. (NASDAQ:NBTB) Stock

NBT Bancorp Inc. (NASDAQ:NBTB) EVP Amy Wiles sold 556 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $45.00, for a total transaction of $25,020.00. Following the completion of the transaction, the executive vice president now owns 28,909 shares in the company, valued at $1,300,905. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

NBT Bancorp Price Performance

Shares of NBT Bancorp stock opened at $45.18 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.87 and a quick ratio of 0.86. The company has a market cap of $2.13 billion, a PE ratio of 17.44 and a beta of 0.50. The firm has a fifty day moving average price of $46.24 and a two-hundred day moving average price of $39.65. NBT Bancorp Inc. has a fifty-two week low of $30.31 and a fifty-two week high of $50.83.

NBT Bancorp (NASDAQ:NBTB) last released its earnings results on Monday, July 22nd. The bank reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.01). NBT Bancorp had a net margin of 16.15% and a return on equity of 9.64%. The company had revenue of $194.00 million during the quarter, compared to the consensus estimate of $139.02 million. During the same quarter in the previous year, the business posted $0.80 EPS. Analysts expect that NBT Bancorp Inc. will post 2.86 EPS for the current year.

NBT Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend was Friday, August 30th. This is a positive change from NBT Bancorp’s previous quarterly dividend of $0.32. NBT Bancorp’s dividend payout ratio (DPR) is presently 52.51%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NBTB. Stephens restated an “equal weight” rating and set a $49.00 price target on shares of NBT Bancorp in a report on Tuesday, September 10th. Raymond James downgraded NBT Bancorp from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, NBT Bancorp has an average rating of “Hold” and a consensus target price of $42.60.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Arizona State Retirement System boosted its stake in NBT Bancorp by 2.0% during the second quarter. Arizona State Retirement System now owns 13,199 shares of the bank’s stock worth $509,000 after buying an additional 258 shares in the last quarter. Beacon Pointe Advisors LLC boosted its position in shares of NBT Bancorp by 2.2% during the 4th quarter. Beacon Pointe Advisors LLC now owns 18,103 shares of the bank’s stock valued at $759,000 after acquiring an additional 394 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in NBT Bancorp by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 23,700 shares of the bank’s stock valued at $915,000 after acquiring an additional 400 shares during the period. Texas Permanent School Fund Corp raised its position in NBT Bancorp by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 41,211 shares of the bank’s stock worth $1,512,000 after purchasing an additional 534 shares in the last quarter. Finally, Inspire Investing LLC lifted its stake in NBT Bancorp by 6.9% during the first quarter. Inspire Investing LLC now owns 9,759 shares of the bank’s stock worth $358,000 after purchasing an additional 634 shares during the period. 58.46% of the stock is currently owned by institutional investors and hedge funds.

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 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.