NBT Bancorp Inc. (NBTB) Sees Large Volume Increase
NBT Bancorp Inc. (NASDAQ:NBTB) saw an uptick in trading volume on Wednesday . 175,592 shares traded hands during trading, an increase of 57% from the previous session’s volume of 111,884 shares.The stock last traded at $29.63 and had previously closed at $29.48.
Separately, Zacks Investment Research raised shares of NBT Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, May 27th.
The company has a market capitalization of $1.27 billion and a PE ratio of 17.03. The firm has a 50-day moving average price of $28.67 and a 200-day moving average price of $27.20.
NBT Bancorp (NASDAQ:NBTB) last announced its earnings results on Monday, April 25th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. During the same quarter in the previous year, the company earned $0.41 earnings per share. Equities analysts expect that NBT Bancorp Inc. will post $1.77 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, May 27th. This represents a $0.88 annualized dividend and a yield of 2.97%.
A number of hedge funds recently bought and sold shares of the stock. WBI Investments Inc. bought a new stake in NBT Bancorp during the fourth quarter valued at about $1,506,000. Morgan Stanley boosted its stake in NBT Bancorp by 19.8% in the fourth quarter. Morgan Stanley now owns 59,029 shares of the company’s stock valued at $1,646,000 after buying an additional 9,754 shares in the last quarter. PNC Financial Services Group Inc. boosted 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 in the last quarter. Rhumbline Advisers boosted 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 in the last quarter. Finally, California State Teachers Retirement System boosted its stake in NBT Bancorp by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 81,643 shares of the company’s stock valued at $2,276,000 after buying an additional 1,290 shares in 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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