NBT Bancorp Inc. (NASDAQ:NBTB)’s share price reached a new 52-week high during trading 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.

Several research firms have commented on NBTB. Keefe, Bruyette & Woods raised their target price on shares of NBT Bancorp from $27.00 to $28.00 and gave the company a “market perform” rating in a research note on Friday, July 29th. Zacks Investment Research raised shares of NBT Bancorp from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Friday, July 29th.

The firm has a market cap of $1.35 billion and a P/E ratio of 17.73. The stock has a 50-day moving average of $29.80 and a 200 day moving average of $27.98.

NBT Bancorp (NASDAQ:NBTB) last posted its quarterly earnings results on Monday, July 25th. The company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.02. During the same quarter in the prior year, the company earned $0.43 EPS. The business had revenue of $95.39 million for the quarter. NBT Bancorp’s quarterly revenue was up 4.9% on a year-over-year basis. Equities analysts expect that NBT Bancorp Inc. will post $1.80 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be paid a dividend of $0.23 per share. The ex-dividend date is Tuesday, August 30th. This represents a $0.92 dividend on an annualized basis and a yield of 2.93%. This is an increase from NBT Bancorp’s previous quarterly dividend of $0.22.

In other news, CEO Martin A. Dietrich sold 25,000 shares of the business’s 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 sale, the chief executive officer now owns 187,815 shares in the company, valued at approximately $5,593,130.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jeffrey M. Levy sold 31,000 shares of the business’s 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 owns 57,139 shares in the company, valued at approximately $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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