NBT Bancorp Inc. (NBTB) Hits New 12-Month High at $31.13
NBT Bancorp Inc. (NASDAQ:NBTB) shares reached a new 52-week high during trading on Friday . The company traded as high as $31.13 and last traded at $31.08, with a volume of 110,519 shares changing hands. The stock had previously closed at $30.00.
NBTB has been the topic of a number of recent research reports. Keefe, Bruyette & Woods boosted their price target on shares of 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 upgraded shares of NBT Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, June 4th.
The stock has a 50 day moving average price of $29.02 and a 200 day moving average price of $27.56. The firm has a market cap of $1.35 billion and a P/E ratio of 17.57.
NBT Bancorp (NASDAQ:NBTB) last posted its quarterly earnings data on Monday, July 25th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. The company had revenue of $95.39 million for the quarter. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 EPS. Equities research analysts anticipate that NBT Bancorp Inc. will post $1.78 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Tuesday, August 30th. This is a boost from NBT Bancorp’s previous quarterly dividend of $0.22.
In related news, 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 transaction of $744,500.00. Following the completion of the sale, the chief executive officer now owns 187,815 shares in the company, valued at approximately $5,593,130.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 sale, the executive vice president now owns 57,139 shares of the company’s stock, valued at approximately $1,704,456.37. The disclosure for this sale can be found here.
A number of hedge funds recently bought and sold shares of the company. 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 worth $1,150,000 after buying an additional 1,132 shares in the last quarter. WBI Investments Inc. bought a new stake in NBT Bancorp during the fourth quarter worth approximately $1,506,000. 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 worth $2,027,000 after buying an additional 2,515 shares in the last quarter. Finally, BlackRock Advisors LLC boosted its stake in NBT Bancorp by 28.2% in the fourth quarter. BlackRock Advisors LLC now owns 444,935 shares of the company’s stock worth $12,405,000 after buying an additional 97,807 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.
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.