Timothy Delaney Buys 10,000 Shares of NBT Bancorp (NASDAQ:NBTB) Stock

NBT Bancorp Inc. (NASDAQ:NBTB) Director Timothy Delaney acquired 10,000 shares of NBT Bancorp stock in a transaction that occurred on Thursday, November 6th. The shares were purchased at an average cost of $40.98 per share, for a total transaction of $409,800.00. Following the purchase, the director directly owned 51,885 shares in the company, valued at $2,126,247.30. The trade was a 23.87% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NBT Bancorp Trading Up 0.4%

NASDAQ:NBTB traded up $0.17 during trading hours on Friday, hitting $41.02. The stock had a trading volume of 92,749 shares, compared to its average volume of 228,994. The business’s 50 day moving average is $41.93 and its 200-day moving average is $42.23. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 13.68 and a beta of 0.55. NBT Bancorp Inc. has a one year low of $37.31 and a one year high of $52.44.

NBT Bancorp (NASDAQ:NBTB) last announced its earnings results on Monday, October 27th. The bank reported $1.05 EPS for the quarter, topping the consensus estimate of $0.97 by $0.08. The firm had revenue of $186.07 million for the quarter, compared to the consensus estimate of $183.87 million. NBT Bancorp had a net margin of 17.24% and a return on equity of 10.35%. Sell-side analysts anticipate that NBT Bancorp Inc. will post 3.69 EPS for the current fiscal year.

NBT Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, December 1st. NBT Bancorp’s payout ratio is presently 49.33%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC increased 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 acquiring an additional 609 shares during the period. Hantz Financial Services Inc. bought a new position in shares of NBT Bancorp during the 2nd quarter worth approximately $33,000. TD Private Client Wealth LLC grew its position in shares of NBT Bancorp by 51.3% during the 1st quarter. TD Private Client Wealth LLC now owns 867 shares of the bank’s stock worth $37,000 after buying an additional 294 shares during the period. Flagship Wealth Advisors LLC bought a new stake in shares of NBT Bancorp in the 3rd quarter valued at $42,000. Finally, Farther Finance Advisors LLC increased its stake in shares of NBT Bancorp by 2,902.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,441 shares of the bank’s stock valued at $60,000 after acquiring an additional 1,393 shares in the last quarter. 58.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Janney Montgomery Scott raised NBT Bancorp to a “strong-buy” rating in a research report on Wednesday, October 22nd. Piper Sandler set a $47.00 price objective on shares of NBT Bancorp and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Wall Street Zen raised shares of NBT Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. DA Davidson cut shares of NBT Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of NBT Bancorp in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $52.00.

About NBT Bancorp

NBT Bancorp Inc, a financial holding company, provides commercial banking, retail banking, and wealth management services. Its deposit products include demand deposit, savings, negotiable order of withdrawal, money market deposit, and certificate of deposit accounts. The company's loan portfolio comprises indirect and direct consumer, home equity, mortgages, business banking loans, and commercial loans; commercial and industrial, commercial real estate, agricultural, and commercial construction loans; and residential real estate loans.