NBT Bancorp (NASDAQ:NBTB – Get Free Report) posted its quarterly earnings data on Monday. The bank reported $0.68 earnings per share (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 11.10% and a net margin of 17.86%. During the same period in the prior year, the business earned $0.88 earnings per share.
NBT Bancorp Stock Up 0.5 %
NBTB opened at $34.79 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average price of $34.72 and a 200-day moving average price of $36.21. NBT Bancorp has a twelve month low of $27.52 and a twelve month high of $43.77. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 13.08 and a beta of 0.51.
Insider Activity
In other news, Director Lowell A. Seifter sold 3,230 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $36.96, for a total transaction of $119,380.80. Following the completion of the transaction, the director now directly owns 49,132 shares of the company’s stock, valued at $1,815,918.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Scott Allen Kingsley purchased 1,000 shares of the company’s stock in a transaction on Thursday, January 25th. The stock was acquired at an average cost of $36.80 per share, for a total transaction of $36,800.00. Following the completion of the transaction, the chief financial officer now directly owns 25,513 shares in the company, valued at approximately $938,878.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Lowell A. Seifter sold 3,230 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $36.96, for a total transaction of $119,380.80. Following the completion of the transaction, the director now owns 49,132 shares of the company’s stock, valued at $1,815,918.72. The disclosure for this sale can be found here. Insiders sold 8,641 shares of company stock valued at $319,806 over the last three months. Insiders own 3.32% of the company’s stock.
Wall Street Analyst Weigh In
Get Our Latest Stock Analysis on NBTB
About NBT Bancorp
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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