NBT Bancorp (NASDAQ:NBTB) Share Price Passes Above 200-Day Moving Average – Should You Sell?

NBT Bancorp Inc. (NASDAQ:NBTB)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $42.58 and traded as high as $46.21. NBT Bancorp shares last traded at $45.82, with a volume of 168,538 shares changing hands.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NBTB shares. Janney Montgomery Scott raised shares of NBT Bancorp to a “strong-buy” rating in a report on Wednesday, October 22nd. DA Davidson cut NBT Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of NBT Bancorp in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, NBT Bancorp currently has a consensus rating of “Moderate Buy” and an average target price of $50.67.

NBT Bancorp Stock Performance

The company has a 50 day simple moving average of $43.79 and a 200-day simple moving average of $42.58. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market cap of $2.40 billion, a P/E ratio of 13.88 and a beta of 0.51.

NBT Bancorp (NASDAQ:NBTB) last announced its quarterly earnings data on Monday, January 26th. The bank reported $1.05 EPS for the quarter, beating the consensus estimate of $0.99 by $0.06. The firm had revenue of $185.14 million for the quarter, compared to analyst estimates of $183.63 million. NBT Bancorp had a return on equity of 10.86% and a net margin of 18.67%. On average, equities analysts expect that NBT Bancorp Inc. will post 3.69 earnings per share for the current fiscal year.

NBT Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Monday, March 2nd. NBT Bancorp’s payout ratio is presently 44.85%.

Insider Activity

In other NBT Bancorp news, Director Timothy E. Delaney bought 22,730 shares of the firm’s stock in a transaction that occurred on Wednesday, January 28th. The shares were bought at an average price of $42.97 per share, for a total transaction of $976,708.10. Following the transaction, the director directly owned 74,615 shares in the company, valued at $3,206,206.55. This trade represents a 43.81% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.03% of the company’s stock.

Institutional Trading of NBT Bancorp

Several institutional investors have recently added to or reduced their stakes in NBTB. Members Advisory Group LLC bought a new position in shares of NBT Bancorp during the second quarter valued at approximately $1,393,000. Savant Capital LLC raised its holdings in NBT Bancorp by 168.4% in the 3rd quarter. Savant Capital LLC now owns 71,060 shares of the bank’s stock worth $2,967,000 after purchasing an additional 44,585 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of NBT Bancorp by 110.6% in the 3rd quarter. SG Americas Securities LLC now owns 24,302 shares of the bank’s stock worth $1,015,000 after purchasing an additional 12,761 shares during the period. PL Capital Advisors LLC purchased a new stake in shares of NBT Bancorp in the 2nd quarter worth about $16,326,000. Finally, First Citizens Bank & Trust Co. bought a new stake in shares of NBT Bancorp during the 2nd quarter valued at about $292,000. 58.46% of the stock is currently owned by hedge funds and other institutional investors.

NBT Bancorp Company Profile

NBT Bancorp, Inc (NASDAQ: NBTB) is the bank holding company for NBT Bank, N.A., a full-service commercial bank that serves both individual and corporate clients across the Northeastern United States. Through its branch network and digital channels, the company offers a comprehensive range of commercial banking services, including business lending, treasury management, cash management and specialized industry financing. Its consumer banking platform provides checking and savings accounts, certificates of deposit, home mortgages, home equity lines of credit and other lending solutions tailored to meet personal and household financial needs.

In addition to traditional banking, NBT Bancorp delivers wealth management and fiduciary services through its trust division, offering investment advisory, trust administration, retirement planning and estate settlement.