NBT Bancorp Inc. (NBTB) Hits New 52-Week High at $31.13
Shares of NBT Bancorp Inc. (NASDAQ:NBTB) hit a new 52-week high on Friday . The stock traded as high as $31.13 and last traded at $31.08, with a volume of 110,519 shares changing hands. The stock had previously closed at $30.00.
Several equities analysts have recently commented on NBTB shares. Zacks Investment Research cut shares of NBT Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, April 28th. Keefe, Bruyette & Woods increased their price target on shares of NBT Bancorp from $27.00 to $28.00 and gave the stock a “market perform” rating in a research report on Friday, July 29th.
The company has a market cap of $1.35 billion and a price-to-earnings ratio of 17.57. The company has a 50-day moving average of $29.10 and a 200 day moving average of $27.58.
NBT Bancorp (NASDAQ:NBTB) last released its quarterly earnings data on Monday, July 25th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.02. The business earned $95.39 million during the quarter. The company’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 earnings per share. Equities analysts forecast that NBT Bancorp Inc. will post $1.78 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.96%. This is an increase from NBT Bancorp’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Tuesday, August 30th.
In related news, CEO Martin A. Dietrich sold 25,000 shares of NBT Bancorp stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $29.78, for a total value of $744,500.00. Following the completion of the sale, the chief executive officer now owns 187,815 shares of the company’s stock, valued at approximately $5,593,130.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Jeffrey M. Levy sold 31,000 shares of NBT Bancorp stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $29.83, for a total transaction of $924,730.00. Following the completion of the sale, the executive vice president now directly owns 57,139 shares of the company’s stock, valued at approximately $1,704,456.37. The disclosure for this sale can be found here.
Several large investors have added to or reduced their stakes in NBTB. PNC Financial Services Group Inc. raised its stake in NBT Bancorp by 2.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 41,264 shares of the company’s stock valued at $1,150,000 after buying an additional 1,132 shares during the last quarter. Rhumbline Advisers raised its stake in NBT Bancorp by 3.6% in the fourth quarter. Rhumbline Advisers now owns 72,695 shares of the company’s stock valued at $2,027,000 after buying an additional 2,515 shares during the last quarter. WBI Investments Inc. acquired a new stake in NBT Bancorp during the fourth quarter valued at about $1,506,000. Finally, BlackRock Advisors LLC raised its stake in NBT Bancorp by 28.2% in the fourth quarter. BlackRock Advisors LLC now owns 444,935 shares of the company’s stock valued at $12,405,000 after buying an additional 97,807 shares during the last quarter.
NBT Bancorp Inc is a financial holding company. The Company conducts its business through NBT Bank, National Association (the Bank) and other subsidiaries, which provide 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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