NBT Bancorp Inc. (NBTB) CFO Michael J. Chewens Sells 4,190 Shares

NBT Bancorp Inc. (NASDAQ:NBTB) CFO Michael J. Chewens sold 4,190 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $38.41, for a total transaction of $160,937.90. Following the sale, the chief financial officer now owns 59,443 shares of the company’s stock, valued at approximately $2,283,205.63. The sale was disclosed in a legal filing with the SEC, which is available at this link.

NBT Bancorp Inc. (NBTB) opened at $37.71 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market cap of $1,631.79, a price-to-earnings ratio of 19.64 and a beta of 0.89. NBT Bancorp Inc. has a fifty-two week low of $31.28 and a fifty-two week high of $42.55.

NBT Bancorp (NASDAQ:NBTB) last posted its quarterly earnings data on Tuesday, October 24th. The bank reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.02. The firm had revenue of $102.71 million for the quarter, compared to the consensus estimate of $101.31 million. NBT Bancorp had a net margin of 20.02% and a return on equity of 9.01%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 EPS. sell-side analysts anticipate that NBT Bancorp Inc. will post 2 earnings per share for the current fiscal year.

NBT Bancorp declared that its board has initiated a share buyback program on Monday, October 23rd that permits the company to buyback 1,000,000 outstanding shares. This buyback authorization permits the bank to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

A number of analysts have commented on the stock. Keefe, Bruyette & Woods restated a “hold” rating and set a $38.00 price target on shares of NBT Bancorp in a research note on Tuesday, October 3rd. Zacks Investment Research lowered shares of NBT Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. BidaskClub lowered shares of NBT Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Finally, Sandler O’Neill set a $38.00 price target on shares of NBT Bancorp and gave the company a “hold” rating in a research note on Wednesday, January 3rd. Six investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. NBT Bancorp presently has an average rating of “Hold” and a consensus target price of $38.25.

Institutional investors and hedge funds have recently bought and sold shares of the business. Biondo Investment Advisors LLC purchased a new position in NBT Bancorp during the 2nd quarter worth $201,000. Amalgamated Bank boosted its holdings in NBT Bancorp by 1.1% during the 2nd quarter. Amalgamated Bank now owns 5,814 shares of the bank’s stock worth $215,000 after acquiring an additional 66 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in NBT Bancorp by 0.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 5,867 shares of the bank’s stock worth $217,000 after acquiring an additional 47 shares during the last quarter. GSA Capital Partners LLP purchased a new position in NBT Bancorp during the 2nd quarter worth $218,000. Finally, Crossmark Global Holdings Inc. purchased a new position in NBT Bancorp during the 3rd quarter worth $239,000. 49.44% of the stock is currently owned by hedge funds and other institutional investors.

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About NBT Bancorp

NBT Bancorp Inc is a financial holding company. The Company conducts its business through NBT Bank, National Association (the Bank) and also through its other subsidiaries, which includes providing 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.

Insider Buying and Selling by Quarter for NBT Bancorp (NASDAQ:NBTB)

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