Insider Selling: Michael J. Chewens Unloads 6,144 Shares of NBT Bancorp Stock (NBTB)
NBT Bancorp (NASDAQ:NBTB) CFO Michael J. Chewens sold 6,144 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $25.05, for a total value of $153,907.20. Following the completion of the sale, the chief financial officer now directly owns 38,965 shares of the company’s stock, valued at approximately $976,073. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of NBT Bancorp (NASDAQ:NBTB) traded up 0.28% on Friday, hitting $25.08. The stock had a trading volume of 76,918 shares. NBT Bancorp has a 52 week low of $19.45 and a 52 week high of $26.59. The stock has a 50-day moving average of $25.37 and a 200-day moving average of $23.58. The company has a market cap of $1.086 billion and a price-to-earnings ratio of 17.44.
NBT Bancorp (NASDAQ:NBTB) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.41 by $0.03. Analysts expect that NBT Bancorp will post $1.64 EPS for the current fiscal year.
Separately, analysts at Guggenheim raised their price target on shares of NBT Bancorp from $24.00 to $27.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Three investment analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus target price of $25.00.
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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