NBT Bancorp (NASDAQ:NBTB – Get Free Report) announced its quarterly earnings data on Monday. The bank reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01, Yahoo Finance reports. NBT Bancorp had a return on equity of 10.41% and a net margin of 16.71%. The business had revenue of $192.33 million during the quarter, compared to analysts’ expectations of $135.01 million. During the same period in the previous year, the firm earned $0.88 earnings per share.
NBT Bancorp Trading Down 0.3 %
NBTB stock traded down $0.12 during midday trading on Wednesday, hitting $35.90. 175,061 shares of the company’s stock were exchanged, compared to its average volume of 207,516. The company has a market cap of $1.69 billion, a PE ratio of 13.71 and a beta of 0.51. The stock’s fifty day moving average price is $34.77 and its 200-day moving average price is $36.23. NBT Bancorp has a one year low of $27.52 and a one year high of $43.77. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.86 and a current ratio of 0.86.
Insider Activity
In other news, Director Lowell A. Seifter sold 3,230 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $36.96, for a total value of $119,380.80. Following the sale, the director now directly owns 49,132 shares in the company, valued at $1,815,918.72. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Lowell A. Seifter sold 3,230 shares of the company’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $36.96, for a total transaction of $119,380.80. Following the sale, the director now owns 49,132 shares in the company, valued at $1,815,918.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lowell A. Seifter sold 4,770 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $37.50, for a total value of $178,875.00. Following the sale, the director now owns 44,362 shares in the company, valued at approximately $1,663,575. The disclosure for this sale can be found here. Insiders have sold a total of 8,641 shares of company stock worth $319,806 over the last three months. Corporate insiders own 3.32% of the company’s stock.
Analyst Ratings Changes
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NBT Bancorp Company Profile
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 indirect and direct consumer, home equity, mortgages, business banking loans, and commercial loans; commercial and industrial, commercial real estate, agricultural, and commercial construction loans; and residential real estate loans.
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