NBT Bancorp Inc. (NBTB) Reaches New 1-Year High at $31.27
NBT Bancorp Inc. (NASDAQ:NBTB) shares reached a new 52-week high on Wednesday . The stock traded as high as $31.27 and last traded at $31.18, with a volume of 29,046 shares changing hands. The stock had previously closed at $30.90.
NBTB has been the topic of several research analyst reports. Zacks Investment Research cut shares of NBT Bancorp from a “hold” rating to a “sell” rating in a report on Friday, June 10th. Keefe, Bruyette & Woods raised their target price on shares of NBT Bancorp from $27.00 to $28.00 and gave the stock a “market perform” rating in a report on Friday, July 29th.
The company has a 50-day moving average of $29.59 and a 200 day moving average of $27.93. The firm has a market cap of $1.34 billion and a P/E ratio of 17.54.
NBT Bancorp (NASDAQ:NBTB) last released its quarterly earnings results on Monday, July 25th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.02. The firm had revenue of $95.39 million for the quarter. During the same quarter in the previous year, the business posted $0.43 EPS. The business’s revenue was up 4.9% compared to the same quarter last year. Equities analysts predict that NBT Bancorp Inc. will post $1.80 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.98%. The ex-dividend date is Tuesday, August 30th. This is a boost from NBT Bancorp’s previous quarterly dividend of $0.22.
In other NBT Bancorp news, CEO Martin A. Dietrich sold 25,000 shares of the business’s stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $29.78, for a total value of $744,500.00. Following the transaction, the chief executive officer now directly owns 187,815 shares in the company, valued at $5,593,130.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jeffrey M. Levy sold 31,000 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now owns 57,139 shares in the company, valued at $1,704,456.37. The disclosure for this sale can be found here.
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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