NBT Bancorp Inc. (NBTB) Hits New 52-Week High at $31.80
NBT Bancorp Inc. (NASDAQ:NBTB) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $31.80 and last traded at $31.67, with a volume of 27,206 shares. The stock had previously closed at $31.65.
Several research analysts have recently commented on the company. Keefe, Bruyette & Woods lifted their target price on NBT Bancorp from $27.00 to $28.00 and gave the stock a “market perform” rating in a research note on Friday, July 29th. Zacks Investment Research downgraded NBT Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, April 28th.
The stock’s 50 day moving average is $30.13 and its 200-day moving average is $28.19. The stock has a market capitalization of $1.37 billion and a price-to-earnings ratio of 17.98.
NBT Bancorp (NASDAQ:NBTB) last released its quarterly earnings data on Monday, July 25th. The company reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.02. The company earned $95.39 million during the quarter. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.43 EPS. Analysts predict that NBT Bancorp Inc. will post $1.80 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be issued a $0.23 dividend. The ex-dividend date is Tuesday, August 30th. This represents a $0.92 annualized dividend and a dividend yield of 2.89%. This is a positive change from NBT Bancorp’s previous quarterly dividend of $0.22.
In other news, EVP Jeffrey M. Levy sold 31,000 shares of NBT Bancorp stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $29.83, for a total value of $924,730.00. Following the transaction, the executive vice president now owns 57,139 shares in the company, valued at $1,704,456.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Martin A. Dietrich sold 25,000 shares of NBT Bancorp stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $29.78, for a total value of $744,500.00. Following the completion of the transaction, the chief executive officer now 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.
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