NBT Bancorp (NASDAQ:NBTB) Stock Passes Above 200-Day Moving Average – Should You Sell?

Shares of NBT Bancorp Inc. (NASDAQ:NBTB) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $42.79 and traded as high as $43.30. NBT Bancorp shares last traded at $43.01, with a volume of 186,022 shares.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. DA Davidson started coverage on shares of NBT Bancorp in a research report on Wednesday, February 25th. They set a “buy” rating and a $54.00 price objective for the company. Weiss Ratings raised NBT Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Brean Capital lowered NBT Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Finally, Janney Montgomery Scott downgraded NBT Bancorp from a “buy” rating to a “neutral” rating in a research note on Monday, February 23rd. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $50.33.

NBT Bancorp Stock Up 0.8%

The firm has a 50-day moving average of $43.93 and a two-hundred day moving average of $42.79. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $2.25 billion, a PE ratio of 13.03 and a beta of 0.50.

NBT Bancorp (NASDAQ:NBTB) last announced its quarterly earnings results on Monday, January 26th. The bank reported $1.05 EPS for the quarter, beating the consensus estimate of $0.99 by $0.06. The business had revenue of $185.14 million for the quarter, compared to analyst estimates of $183.63 million. NBT Bancorp had a return on equity of 10.86% and a net margin of 18.67%. Equities research analysts predict that NBT Bancorp Inc. will post 3.69 earnings per share for the current fiscal year.

NBT Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Monday, March 2nd. NBT Bancorp’s dividend payout ratio (DPR) is 44.85%.

Insider Transactions at NBT Bancorp

In related news, Director Timothy E. Delaney bought 22,730 shares of the company’s stock in a transaction that occurred on Wednesday, January 28th. The stock was purchased at an average price of $42.97 per share, for a total transaction of $976,708.10. Following the acquisition, the director owned 74,615 shares of the company’s stock, valued at approximately $3,206,206.55. This trade represents a 43.81% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Amy Wiles sold 4,435 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $45.72, for a total value of $202,768.20. Following the completion of the sale, the executive vice president directly owned 21,500 shares in the company, valued at approximately $982,980. The trade was a 17.10% decrease in their position. The SEC filing for this sale provides additional information. 3.03% of the stock is owned by company insiders.

Institutional Investors Weigh In On NBT Bancorp

A number of institutional investors have recently modified their holdings of the company. State Street Corp lifted its stake in NBT Bancorp by 7.8% during the 2nd quarter. State Street Corp now owns 2,531,336 shares of the bank’s stock worth $105,177,000 after acquiring an additional 182,793 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in NBT Bancorp by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,300,834 shares of the bank’s stock worth $95,531,000 after purchasing an additional 8,044 shares in the last quarter. Geode Capital Management LLC increased its holdings in NBT Bancorp by 10.8% during the 2nd quarter. Geode Capital Management LLC now owns 1,298,769 shares of the bank’s stock worth $53,971,000 after purchasing an additional 126,718 shares during the period. Victory Capital Management Inc. raised its position in NBT Bancorp by 2.0% in the 4th quarter. Victory Capital Management Inc. now owns 663,092 shares of the bank’s stock valued at $27,532,000 after purchasing an additional 12,967 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of NBT Bancorp by 63.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 451,047 shares of the bank’s stock valued at $18,741,000 after buying an additional 174,639 shares during the period. 58.46% of the stock is owned by institutional investors and hedge funds.

NBT Bancorp Company Profile

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.