NBT Bancorp Inc. (NBTB) Director John C. Mitchell Sells 1,570 Shares
NBT Bancorp Inc. (NASDAQ:NBTB) Director John C. Mitchell sold 1,570 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $36.27, for a total transaction of $56,943.90. Following the transaction, the director now directly owns 34,219 shares in the company, valued at approximately $1,241,123.13. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of NBT Bancorp Inc. (NASDAQ:NBTB) traded down 0.14% during midday trading on Friday, reaching $36.28. 27,577 shares of the company traded hands. The stock’s 50-day moving average is $37.39 and its 200-day moving average is $39.34. The stock has a market capitalization of $1.58 billion, a P/E ratio of 19.83 and a beta of 0.87. NBT Bancorp Inc. has a 1-year low of $26.67 and a 1-year high of $42.56.
NBT Bancorp (NASDAQ:NBTB) last released its quarterly earnings data on Monday, April 24th. The bank reported $0.46 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. The firm had revenue of $97.20 million during the quarter, compared to analysts’ expectations of $97.54 million. NBT Bancorp had a return on equity of 8.71% and a net margin of 19.47%. NBT Bancorp’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 earnings per share. Equities analysts predict that NBT Bancorp Inc. will post $1.94 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Tuesday, May 30th. NBT Bancorp’s payout ratio is 51.11%.
Separately, Zacks Investment Research downgraded shares of NBT Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, March 29th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp boosted its position in NBT Bancorp by 14.1% in the first quarter. State Street Corp now owns 1,246,976 shares of the bank’s stock valued at $46,225,000 after buying an additional 154,441 shares during the last quarter. Bank of America Corp DE boosted its position in NBT Bancorp by 62.1% in the first quarter. Bank of America Corp DE now owns 71,613 shares of the bank’s stock valued at $2,655,000 after buying an additional 27,422 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in NBT Bancorp by 2.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 216,514 shares of the bank’s stock valued at $8,027,000 after buying an additional 4,758 shares during the last quarter. KCG Holdings Inc. boosted its position in NBT Bancorp by 34.6% in the first quarter. KCG Holdings Inc. now owns 10,059 shares of the bank’s stock valued at $373,000 after buying an additional 2,587 shares during the last quarter. Finally, BlackRock Inc. boosted its position in NBT Bancorp by 47,917.6% in the first quarter. BlackRock Inc. now owns 5,456,241 shares of the bank’s stock valued at $202,263,000 after buying an additional 5,444,878 shares during the last quarter. Hedge funds and other institutional investors own 48.45% of the company’s stock.
NBT Bancorp Company Profile
NBT Bancorp Inc is a financial holding company. The Company conducts its business through NBT Bank, National Association (the Bank) and also through its other subsidiaries, which includes providing commercial banking and financial services to customers in its market area, including central and upstate New York, northeastern Pennsylvania, southern New Hampshire, western Massachusetts, Vermont and Portland, Maine area.
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