Media coverage about NBT Bancorp (NASDAQ:NBTB) has trended somewhat positive on Wednesday, according to Accern. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. NBT Bancorp earned a news sentiment score of 0.01 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 46.805483839312 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
A number of research analysts have recently weighed in on NBTB shares. Keefe, Bruyette & Woods reissued a “hold” rating and set a $41.50 target price on shares of NBT Bancorp in a research report on Tuesday. Boenning Scattergood restated a “hold” rating on shares of NBT Bancorp in a research note on Wednesday, January 24th. BidaskClub upgraded shares of NBT Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. 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. Finally, Zacks Investment Research cut shares of NBT Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, December 23rd. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the stock. NBT Bancorp currently has an average rating of “Hold” and an average target price of $39.13.
Shares of NBT Bancorp (NASDAQ:NBTB) opened at $35.92 on Wednesday. The company has a market cap of $1,599.14, a P/E ratio of 19.21 and a beta of 0.86. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.83 and a current ratio of 0.85. NBT Bancorp has a 52 week low of $31.28 and a 52 week high of $41.82.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend is Wednesday, February 28th. NBT Bancorp’s payout ratio is currently 49.20%.
In other NBT Bancorp news, CFO Michael J. Chewens sold 4,190 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $38.41, for a total value of $160,937.90. Following the sale, the chief financial officer now directly owns 59,443 shares in the company, valued at approximately $2,283,205.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert A. Wadsworth sold 1,625 shares of the stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $37.20, for a total transaction of $60,450.00. Following the completion of the sale, the director now owns 16,194 shares in the company, valued at $602,416.80. The disclosure for this sale can be found here. Corporate insiders own 3.07% of the company’s stock.
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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.
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