NBT Bancorp (NASDAQ:NBTB) Share Price Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• Price action: NBT Bancorp's shares crossed above their 200-day moving average ($42.55), trading as high as $42.65 and rising roughly 3.1% on the move.
• Analyst sentiment: The consensus is a Moderate Buy with an average price target of $52, while recent notes range from buys/overweights (DA Davidson, Piper Sandler) to downgrades (Janney, Brean Capital).
• Fundamentals & corporate activity: The company beat quarterly EPS estimates ($1.05 vs. $0.99), pays an annualized dividend of $1.48 (≈3.5% yield), and saw insider activity including a director buying 22,730 shares while an EVP sold 4,435 shares.

NBT Bancorp Inc. (NASDAQ:NBTB - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $42.55 and traded as high as $42.65. NBT Bancorp shares last traded at $41.99, with a volume of 302,490 shares trading hands.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. DA Davidson started coverage on NBT Bancorp in a report on Wednesday, February 25th. They set a "buy" rating and a $54.00 price target for the company. Janney Montgomery Scott downgraded NBT Bancorp from a "buy" rating to a "neutral" rating in a research report on Monday, February 23rd. Piper Sandler assumed coverage on shares of NBT Bancorp in a report on Monday, March 16th. They issued an "overweight" rating and a $50.00 target price for the company. Weiss Ratings upgraded shares of NBT Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, February 23rd. Finally, Brean Capital downgraded shares of NBT Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $52.00.

NBT Bancorp Trading Up 3.1%

The company has a 50-day moving average of $43.67 and a 200 day moving average of $42.55. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market cap of $2.19 billion, a PE ratio of 12.72 and a beta of 0.50.

NBT Bancorp (NASDAQ:NBTB - Get Free Report) last issued its quarterly earnings data on Monday, January 26th. The bank reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.99 by $0.06. The business had revenue of $185.14 million for the quarter, compared to the consensus estimate of $183.63 million. NBT Bancorp had a return on equity of 10.86% and a net margin of 18.67%. Analysts predict that NBT Bancorp Inc. will post 3.69 earnings per share for the current year.

NBT Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were given a $0.37 dividend. The ex-dividend date was Monday, March 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 3.5%. NBT Bancorp's dividend payout ratio (DPR) is currently 44.85%.

Insider Buying and Selling at NBT Bancorp

In other news, Director Timothy E. Delaney bought 22,730 shares of the stock in a transaction dated Wednesday, January 28th. The stock was purchased at an average price of $42.97 per share, for a total transaction of $976,708.10. Following the acquisition, the director owned 74,615 shares of the company's stock, valued at $3,206,206.55. The trade was a 43.81% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Amy Wiles sold 4,435 shares of NBT Bancorp stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $45.72, for a total transaction of $202,768.20. Following the transaction, the executive vice president directly owned 21,500 shares of the company's stock, valued at approximately $982,980. This represents a 17.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.03% of the stock is owned by insiders.

Institutional Trading of NBT Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in shares of NBT Bancorp by 1,645.9% during the second quarter. EverSource Wealth Advisors LLC now owns 646 shares of the bank's stock valued at $27,000 after buying an additional 609 shares during the period. Larson Financial Group LLC raised its holdings in shares of NBT Bancorp by 13,316.7% in the third quarter. Larson Financial Group LLC now owns 805 shares of the bank's stock worth $34,000 after buying an additional 799 shares during the period. Flagship Wealth Advisors LLC purchased a new stake in shares of NBT Bancorp in the third quarter worth approximately $42,000. Global Retirement Partners LLC lifted its stake in shares of NBT Bancorp by 62.5% during the 4th quarter. Global Retirement Partners LLC now owns 1,037 shares of the bank's stock worth $43,000 after acquiring an additional 399 shares during the last quarter. Finally, Allworth Financial LP bought a new stake in shares of NBT Bancorp during the 3rd quarter worth approximately $46,000. 58.46% of the stock is owned by hedge funds and other institutional investors.

NBT Bancorp Company Profile

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.

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