NBT Bancorp Inc. (NBTB) Hits New 1-Year High at $31.80
Shares of NBT Bancorp Inc. (NASDAQ:NBTB) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $31.80 and last traded at $31.67, with a volume of 27,206 shares traded. The stock had previously closed at $31.65.
NBTB has been the topic of several analyst reports. Zacks Investment Research lowered NBT Bancorp from a “hold” rating to a “sell” rating in a report on Friday, June 10th. Keefe, Bruyette & Woods upped their target price on NBT Bancorp from $27.00 to $28.00 and gave the stock a “market perform” rating in a report on Friday, July 29th.
The firm has a market cap of $1.36 billion and a PE ratio of 17.85. The firm has a 50-day moving average price of $29.97 and a 200 day moving average price of $28.11.
NBT Bancorp (NASDAQ:NBTB) last announced its quarterly earnings results on Monday, July 25th. The company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.02. The business earned $95.39 million during the quarter. During the same quarter last year, the firm posted $0.43 earnings per share. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, analysts forecast that NBT Bancorp Inc. will post $1.80 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, August 30th. This is a boost from NBT Bancorp’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 2.91%.
In other NBT Bancorp news, EVP Jeffrey M. Levy sold 31,000 shares of NBT Bancorp stock in a transaction that occurred 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 transaction, the executive vice president now owns 57,139 shares of the company’s stock, valued at approximately $1,704,456.37. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Martin A. Dietrich sold 25,000 shares of NBT Bancorp stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $29.78, for a total transaction of $744,500.00. Following the transaction, the chief executive officer now directly owns 187,815 shares in the company, valued at approximately $5,593,130.70. 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.