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

NBT Bancorp Inc. (NASDAQ:NBTB) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $43.63 and traded as high as $46.54. NBT Bancorp shares last traded at $46.43, with a volume of 289,686 shares trading hands.

Analysts Set New Price Targets

A number of research analysts recently commented on NBTB shares. Brean Capital lowered NBT Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. DA Davidson restated a “buy” rating and issued a $52.00 target price on shares of NBT Bancorp in a research note on Monday, April 27th. Janney Montgomery Scott lowered NBT Bancorp from a “buy” rating to a “neutral” rating in a research note on Monday, February 23rd. Weiss Ratings upgraded NBT Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, April 24th. Finally, Hovde Group cut their target price on NBT Bancorp from $47.00 to $46.50 and set a “market perform” rating for the company in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $49.50.

NBT Bancorp Stock Performance

The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 13.22 and a beta of 0.49. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a 50 day moving average price of $44.78 and a two-hundred day moving average price of $43.65.

NBT Bancorp (NASDAQ:NBTB) last announced its earnings results on Thursday, April 23rd. The bank reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.01). NBT Bancorp had a net margin of 19.59% and a return on equity of 11.06%. The business had revenue of $184.48 million during the quarter, compared to analyst estimates of $185.36 million. On average, analysts predict that NBT Bancorp Inc. will post 4.15 EPS for the current fiscal year.

NBT Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a $0.37 dividend. The ex-dividend date is Monday, June 1st. This represents a $1.48 annualized dividend and a yield of 3.2%. NBT Bancorp’s dividend payout ratio (DPR) is currently 42.17%.

Hedge Funds Weigh In On NBT Bancorp

Several hedge funds have recently added to or reduced their stakes in NBTB. EverSource Wealth Advisors LLC boosted its holdings in NBT Bancorp by 1,645.9% in the second 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 last quarter. Larson Financial Group LLC boosted its holdings in NBT Bancorp by 13,316.7% in the third quarter. Larson Financial Group LLC now owns 805 shares of the bank’s stock valued at $34,000 after acquiring an additional 799 shares during the last quarter. Bessemer Group Inc. boosted its holdings in NBT Bancorp by 63.8% in the first quarter. Bessemer Group Inc. now owns 832 shares of the bank’s stock valued at $35,000 after acquiring an additional 324 shares during the last quarter. Western Wealth Management LLC bought a new position in NBT Bancorp in the first quarter valued at about $37,000. Finally, Global Retirement Partners LLC boosted its holdings in NBT Bancorp by 62.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,037 shares of the bank’s stock valued at $43,000 after acquiring an additional 399 shares during the last quarter. Institutional investors own 58.46% of the company’s stock.

About NBT Bancorp

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.