Insider Selling: NBT Bancorp Director Sells 2,573 Shares of Stock (NBTB)
NBT Bancorp (NASDAQ:NBTB) Director Richard Chojnowski unloaded 2,573 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $24.00, for a total transaction of $61,752.00. Following the completion of the sale, the director now directly owns 276,639 shares of the company’s stock, valued at approximately $6,639,336. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
NBT Bancorp (NASDAQ:NBTB) traded up 1.22% during mid-day trading on Friday, hitting $24.04. 210,693 shares of the company’s stock traded hands. NBT Bancorp has a 52 week low of $18.92 and a 52 week high of $24.00. The stock’s 50-day moving average is $22.40 and its 200-day moving average is $21.58. The company has a market cap of $1.048 billion and a price-to-earnings ratio of 16.83.
NBT Bancorp (NASDAQ:NBTB) last issued its quarterly earnings data on Monday, July 22nd. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.39 by $0.01. During the same quarter in the prior year, the company posted $0.40 earnings per share. Analysts expect that NBT Bancorp will post $1.60 EPS for the current fiscal year.
A number of research firms have recently commented on NBTB. Analysts at Zacks downgraded shares of NBT Bancorp from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $25.00 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of NBT Bancorp from $22.00 to $23.00 in a research note to investors on Tuesday, September 24th.
NBT Bancorp Inc is a financial holding company. The Company’s business, primarily conducted through the Bank but also through its other subsidiaries, consists of providing commercial banking and financial services to customers in its market area, which includes central and upstate New York, northeastern Pennsylvania, southern New Hampshire, western Massachusetts and the greater Burlington, Vermont area.
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