The NBT Bancorp Inc. (NBTB) To Go Ex-Dividend on November 29th

The NBT Bancorp Inc. (NBTB) To Go Ex-Dividend on November 29th

NBT Bancorp Inc. (NASDAQ:NBTB) announced a quarterly dividend on Tuesday, October 25th. Stockholders of record on Thursday, December 1st will be paid a dividend of 0.23 per share on Thursday, December 15th. This represents a $0.92 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Tuesday, November 29th.

Shares of NBT Bancorp (NASDAQ:NBTB) opened at 39.55 on Monday. The firm has a market capitalization of $1.71 billion, a P/E ratio of 22.22 and a beta of 0.79. NBT Bancorp has a 52 week low of $23.81 and a 52 week high of $40.96. The stock has a 50 day moving average price of $35.18 and a 200 day moving average price of $31.44.

NBT Bancorp (NASDAQ:NBTB) last announced its earnings results on Monday, October 24th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.01. NBT Bancorp had a net margin of 19.35% and a return on equity of 8.73%. The company earned $96.31 million during the quarter. During the same quarter last year, the firm posted $0.45 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. Analysts forecast that NBT Bancorp will post $1.80 EPS for the current year.

NBTB has been the subject of several recent research reports. Zacks Investment Research raised shares of NBT Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Tuesday, November 1st. Boenning Scattergood downgraded shares of NBT Bancorp from a “neutral” rating to an “underperform” rating and set a $33.50 price target for the company. in a research note on Thursday, November 17th. Finally, Piper Jaffray Cos. downgraded shares of NBT Bancorp from a “neutral” rating to an “underweight” rating and set a $31.00 price target for the company. in a research note on Wednesday, November 16th.

In other news, CEO Martin A. Dietrich sold 21,741 shares of the company’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $40.20, for a total transaction of $873,988.20. Following the completion of the transaction, the chief executive officer now directly owns 186,920 shares of the company’s stock, valued at $7,514,184. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Martin A. Dietrich sold 25,000 shares of the business’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $32.67, for a total transaction of $816,750.00. Following the transaction, the chief executive officer now owns 191,345 shares in the company, valued at approximately $6,251,241.15. The disclosure for this sale can be found here. Insiders own 2.83% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. BlackRock Investment Management LLC boosted its position in shares of NBT Bancorp by 4.5% in the second quarter. BlackRock Investment Management LLC now owns 194,713 shares of the company’s stock valued at $5,575,000 after buying an additional 8,416 shares in the last quarter. BlackRock Inc. boosted its position in shares of NBT Bancorp by 345.8% in the second quarter. BlackRock Inc. now owns 13,112 shares of the company’s stock valued at $376,000 after buying an additional 10,171 shares in the last quarter. BlackRock Fund Advisors boosted its position in shares of NBT Bancorp by 1.8% in the second quarter. BlackRock Fund Advisors now owns 2,763,625 shares of the company’s stock valued at $79,123,000 after buying an additional 48,151 shares in the last quarter. Teachers Advisors Inc. boosted its position in shares of NBT Bancorp by 7.6% in the second quarter. Teachers Advisors Inc. now owns 68,345 shares of the company’s stock valued at $1,957,000 after buying an additional 4,846 shares in the last quarter. Finally, Profund Advisors LLC boosted 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. Institutional investors own 47.12% of the company’s stock.

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