NBT Bancorp Inc. (NASDAQ:NBTB) CFO Scott Allen Kingsley Buys 3,000 Shares

NBT Bancorp Inc. (NASDAQ:NBTBGet Rating) CFO Scott Allen Kingsley acquired 3,000 shares of the stock in a transaction that occurred on Wednesday, April 27th. The shares were bought at an average cost of $35.60 per share, with a total value of $106,800.00. Following the transaction, the chief financial officer now directly owns 17,215 shares in the company, valued at approximately $612,854. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of NBT Bancorp stock traded down $0.17 during trading on Thursday, hitting $35.16. 261 shares of the stock were exchanged, compared to its average volume of 160,314. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 9.95 and a beta of 0.61. The firm’s 50-day moving average price is $37.08 and its 200 day moving average price is $37.84. NBT Bancorp Inc. has a 12-month low of $32.66 and a 12-month high of $42.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.84 and a quick ratio of 0.84.

NBT Bancorp (NASDAQ:NBTBGet Rating) last released its quarterly earnings data on Monday, April 25th. The bank reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.13. NBT Bancorp had a net margin of 31.12% and a return on equity of 12.75%. During the same quarter in the previous year, the company posted $0.92 earnings per share. As a group, research analysts forecast that NBT Bancorp Inc. will post 3.08 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the stock. Wells Fargo & Company MN increased its stake in NBT Bancorp by 42.7% in the second quarter. Wells Fargo & Company MN now owns 44,861 shares of the bank’s stock valued at $1,614,000 after purchasing an additional 13,418 shares during the period. Morgan Stanley increased its stake in shares of NBT Bancorp by 43.8% during the second quarter. Morgan Stanley now owns 216,145 shares of the bank’s stock worth $7,775,000 after acquiring an additional 65,816 shares during the period. SG Americas Securities LLC acquired a new position in shares of NBT Bancorp during the third quarter worth about $146,000. Victory Capital Management Inc. boosted its holdings in NBT Bancorp by 10.6% during the third quarter. Victory Capital Management Inc. now owns 15,483 shares of the bank’s stock worth $559,000 after buying an additional 1,478 shares in the last quarter. Finally, Richard Bernstein Advisors LLC boosted its holdings in NBT Bancorp by 12.1% during the third quarter. Richard Bernstein Advisors LLC now owns 55,727 shares of the bank’s stock worth $2,012,000 after buying an additional 6,006 shares in the last quarter. Hedge funds and other institutional investors own 54.25% of the company’s stock.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of NBT Bancorp from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Wednesday, December 29th. StockNews.com assumed coverage on shares of NBT Bancorp in a research report on Thursday, March 31st. They issued a “hold” rating for the company.

NBT Bancorp Company Profile (Get Rating)

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 commercial and industrial, commercial real estate, agricultural, and commercial construction loans; indirect and direct consumer, home equity, mortgages, business banking loans, and commercial loans; and residential real estate loans.

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