Trade Report: Today, 808 Shares of NBT Bancorp Inc. (NBTB) are sold by Tompkins Financial Corp

Today, 808 Shares of NBT Bancorp Inc. (NBTB) are sold by Tompkins Financial Corp

Tompkins Financial Corp decreased its stake in NBT Bancorp Inc. (NASDAQ:NBTB) by 1.1% during the third quarter, Holdings Channel reports. The fund owned 74,262 shares of the company’s stock after selling 808 shares during the period. Tompkins Financial Corp’s holdings in NBT Bancorp were worth $2,440,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Profund Advisors LLC increased its position in shares of NBT Bancorp by 1.6% in the second quarter. Profund Advisors LLC now owns 9,850 shares of the company’s stock valued at $282,000 after buying an additional 154 shares in the last quarter. Community Bank N.A. increased its position in shares of NBT Bancorp by 0.3% in the second quarter. Community Bank N.A. now owns 63,215 shares of the company’s stock worth $1,810,000 after buying an additional 170 shares during the period. PineBridge Investments L.P. increased its position in shares of NBT Bancorp by 3.4% in the second quarter. PineBridge Investments L.P. now owns 5,447 shares of the company’s stock worth $156,000 after buying an additional 177 shares during the period. Arizona State Retirement System increased its position in shares of NBT Bancorp by 0.9% in the second quarter. Arizona State Retirement System now owns 22,312 shares of the company’s stock worth $639,000 after buying an additional 200 shares during the period. Finally, Capstone Asset Management Co. increased its position in shares of NBT Bancorp by 3.1% in the second quarter. Capstone Asset Management Co. now owns 11,306 shares of the company’s stock worth $324,000 after buying an additional 340 shares during the period. 47.85% of the stock is currently owned by institutional investors and hedge funds.

Shares of NBT Bancorp Inc. (NASDAQ:NBTB) traded down 1.74% during mid-day trading on Monday, reaching $38.86. 122,087 shares of the company’s stock were exchanged. The company has a market capitalization of $1.68 billion, a PE ratio of 21.83 and a beta of 0.79. The company’s 50-day moving average price is $35.33 and its 200-day moving average price is $31.57. NBT Bancorp Inc. has a one year low of $23.81 and a one year high of $40.96.

NBT Bancorp (NASDAQ:NBTB) last issued its quarterly earnings results on Monday, October 24th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.45 by $0.01. The company earned $96.31 million during the quarter. NBT Bancorp had a net margin of 19.35% and a return on equity of 8.73%. NBT Bancorp’s revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. On average, equities analysts expect that NBT Bancorp Inc. will post $1.80 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Tuesday, November 29th. NBT Bancorp’s payout ratio is presently 51.69%.

A number of research analysts recently weighed in on the stock. Boenning Scattergood downgraded shares of NBT Bancorp from a “neutral” rating to an “underperform” rating and set a $33.50 price objective on the stock. in a research report on Thursday, November 17th. Piper Jaffray Cos. downgraded shares of NBT Bancorp from a “neutral” rating to an “underweight” rating and set a $31.00 price objective on the stock. in a research report on Wednesday, November 16th. Finally, Zacks Investment Research upgraded shares of NBT Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Tuesday, November 1st.

In other news, CEO Martin A. Dietrich sold 25,000 shares of the company’s stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $32.67, for a total transaction of $816,750.00. Following the completion of the sale, the chief executive officer now owns 191,345 shares of the company’s stock, valued at $6,251,241.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John C. Mitchell sold 1,800 shares of the company’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $39.00, for a total transaction of $70,200.00. Following the sale, the director now directly owns 35,107 shares of the company’s stock, valued at approximately $1,369,173. The disclosure for this sale can be found here. 2.83% of the stock is currently owned by corporate insiders.

NBT Bancorp Company Profile

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