NBT Bancorp (NASDAQ:NBTB) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

NBT Bancorp Inc. (NASDAQ:NBTBGet Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $43.18 and traded as high as $45.12. NBT Bancorp shares last traded at $44.80, with a volume of 358,794 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NBTB. DA Davidson reaffirmed a “buy” rating and issued a $52.00 target price on shares of NBT Bancorp in a research report on Monday, April 27th. Hovde Group cut their price target on shares of NBT Bancorp from $47.00 to $46.50 and set a “market perform” rating on the stock in a research note on Monday, April 27th. Brean Capital lowered shares of NBT Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Janney Montgomery Scott lowered shares of NBT Bancorp from a “buy” rating to a “neutral” rating in a research note on Monday, February 23rd. Finally, Piper Sandler began coverage on shares of NBT Bancorp in a research note on Monday, March 16th. They set an “overweight” rating and a $50.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, NBT Bancorp presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.50.

Read Our Latest Report on NBT Bancorp

NBT Bancorp Stock Performance

The firm’s 50-day moving average is $43.66 and its 200 day moving average is $43.25. The stock has a market cap of $2.37 billion, a PE ratio of 12.98 and a beta of 0.47. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.87 and a current ratio of 0.87.

NBT Bancorp (NASDAQ:NBTBGet Free Report) last released its quarterly earnings results on Thursday, April 23rd. The bank reported $0.97 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.01). NBT Bancorp had a net margin of 19.59% and a return on equity of 11.06%. The business had revenue of $184.48 million during the quarter, compared to analysts’ expectations of $185.36 million. As a group, research analysts anticipate that NBT Bancorp Inc. will post 4.15 EPS for the current year.

NBT Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a $0.37 dividend. The ex-dividend date is Monday, June 1st. This represents a $1.48 annualized dividend and a yield of 3.2%. NBT Bancorp’s dividend payout ratio is 42.17%.

Institutional Trading of NBT Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of NBTB. EverSource Wealth Advisors LLC raised its position in NBT Bancorp by 1,645.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 646 shares of the bank’s stock valued at $27,000 after purchasing an additional 609 shares during the last quarter. Larson Financial Group LLC raised its position in NBT Bancorp by 13,316.7% in the 3rd quarter. Larson Financial Group LLC now owns 805 shares of the bank’s stock valued at $34,000 after purchasing an additional 799 shares during the last quarter. Bessemer Group Inc. raised its position in NBT Bancorp by 63.8% during the 1st quarter. Bessemer Group Inc. now owns 832 shares of the bank’s stock worth $35,000 after buying an additional 324 shares during the last quarter. Western Wealth Management LLC acquired a new stake in shares of NBT Bancorp in the 1st quarter worth $37,000. Finally, Flagship Wealth Advisors LLC acquired a new stake in shares of NBT Bancorp in the 3rd quarter worth $42,000. Hedge funds and other institutional investors own 58.46% of the company’s stock.

About NBT Bancorp

(Get Free Report)

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.

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