Insider Selling: NBT Bancorp EVP Sells 2,527 Shares of Stock (NBTB)
NBT Bancorp (NASDAQ:NBTB) EVP Jeffrey M. Levy sold 2,527 shares of the company’s stock on the open market in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $25.12, for a total transaction of $63,478.24. Following the completion of the sale, the executive vice president now directly owns 39,562 shares in the company, valued at approximately $993,797. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
NBT Bancorp (NASDAQ:NBTB) traded up 0.28% on Friday, hitting $25.08. 76,918 shares of the company’s stock traded hands. NBT Bancorp has a 1-year low of $19.45 and a 1-year high of $26.59. The stock’s 50-day moving average is $25.37 and its 200-day moving average is $23.58. The company has a market cap of $1.086 billion and a P/E ratio of 17.44.
NBT Bancorp (NASDAQ:NBTB) last announced its earnings results 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. On average, analysts predict that NBT Bancorp will post $1.64 earnings per share 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 equities research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and a consensus price target 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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