NBT Bancorp Inc. (NBTB) Announces Quarterly Dividend of $0.21
NBT Bancorp (NASDAQ:NBTB) announced a quarterly dividend on Monday, January 27th, Analyst Ratings News reports. Stockholders of record on Saturday, March 1st will be paid a dividend of 0.21 per share on Friday, March 14th. This represents a $0.84 annualized dividend and a dividend yield of 3.35%.
On the ratings front, 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, January 14th. They now have a “neutral” rating on the stock. Three analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus price target of $25.00.
NBT Bancorp (NASDAQ:NBTB) last released its earnings data on Monday, January 27th. The company reported $0.42 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.42.
In other NBT Bancorp news, EVP Jeffrey Levy sold 2,527 shares of the company’s stock on the open market in a transaction dated Friday, January 17th. The shares were sold at an average price of $25.12, for a total value of $63,478.24. Following the sale, the executive vice president now directly owns 39,562 shares of the company’s stock, valued at approximately $993,797. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
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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