V Daniel Robinson II Sells 194 Shares of NBT Bancorp Inc. (NASDAQ:NBTB) Stock

NBT Bancorp Inc. (NASDAQ:NBTB) Director V Daniel Robinson II sold 194 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $51.70, for a total value of $10,029.80. Following the transaction, the director now directly owns 18,849 shares in the company, valued at approximately $974,493.30. This represents a 1.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

V Daniel Robinson II also recently made the following trade(s):

• On Monday, September 16th, V Daniel Robinson II sold 30,000 shares of NBT Bancorp stock. The stock was sold at an average price of $44.78, for a total value of $1,343,400.00.

NBT Bancorp Stock Performance

NASDAQ:NBTB opened at $51.66 on Friday. The firm’s 50-day moving average is $47.67 and its 200-day moving average is $44.51. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 18.19 and a beta of 0.52. 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 Inc. has a 52-week low of $32.79 and a 52-week high of $52.31.

NBT Bancorp (NASDAQ:NBTB) last issued its quarterly earnings results on Monday, October 28th. The bank reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.02. NBT Bancorp had a return on equity of 9.36% and a net margin of 17.37%. The firm had revenue of $202.00 million for the quarter, compared to analyst estimates of $144.70 million. During the same period in the previous year, the company posted $0.84 earnings per share. Equities research analysts anticipate that NBT Bancorp Inc. will post 2.94 earnings per share for the current year.

NBT Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.34 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.63%. NBT Bancorp’s payout ratio is 47.89%.

Institutional Investors Weigh In On NBT Bancorp

A number of institutional investors have recently bought and sold shares of the business. Fidelity D & D Bancorp Inc. acquired a new stake in NBT Bancorp during the third quarter valued at approximately $218,000. Franklin Resources Inc. boosted its stake in NBT Bancorp by 472.1% in the 3rd quarter. Franklin Resources Inc. now owns 74,468 shares of the bank’s stock valued at $3,379,000 after buying an additional 61,451 shares in the last quarter. Geode Capital Management LLC grew its position in NBT Bancorp by 1.0% in the third quarter. Geode Capital Management LLC now owns 1,118,410 shares of the bank’s stock valued at $49,477,000 after acquiring an additional 10,628 shares during the period. Barclays PLC raised its stake in NBT Bancorp by 41.8% during the third quarter. Barclays PLC now owns 91,880 shares of the bank’s stock worth $4,064,000 after acquiring an additional 27,085 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of NBT Bancorp during the third quarter valued at $1,278,000. Institutional investors and hedge funds own 58.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NBTB shares. StockNews.com raised shares of NBT Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, December 10th. 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. 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, DA Davidson initiated coverage on NBT Bancorp in a research note on Thursday. They set a “neutral” rating and a $60.00 target price for the company. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $48.17.

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.