NBT Bancorp (NASDAQ:NBTB – Get Free Report) released its quarterly earnings data on Tuesday. The bank reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01, Yahoo Finance reports. NBT Bancorp had a return on equity of 10.20% and a net margin of 16.71%. The company had revenue of $192.33 million for the quarter, compared to analyst estimates of $135.01 million. During the same period in the previous year, the company posted $0.88 EPS.
NBT Bancorp Stock Performance
NASDAQ:NBTB opened at $35.90 on Thursday. The business’s 50-day moving average price is $34.79 and its two-hundred day moving average price is $36.23. NBT Bancorp has a twelve month low of $27.52 and a twelve month high of $43.77. The stock has a market cap of $1.69 billion, a P/E ratio of 13.86 and a beta of 0.51. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.17.
Insider Buying and Selling at NBT Bancorp
In related news, Director Lowell A. Seifter sold 4,770 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $37.50, for a total transaction of $178,875.00. Following the transaction, the director now directly owns 44,362 shares of the company’s stock, valued at approximately $1,663,575. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Lowell A. Seifter sold 3,230 shares of the firm’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 transaction, the director now directly owns 49,132 shares in the company, valued at approximately $1,815,918.72. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Lowell A. Seifter sold 4,770 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $37.50, for a total value of $178,875.00. Following the transaction, the director now owns 44,362 shares in the company, valued at $1,663,575. The disclosure for this sale can be found here. Insiders have sold a total of 8,641 shares of company stock valued at $319,806 in the last 90 days. Corporate insiders own 3.32% of the company’s stock.
Analysts Set New Price Targets
Read Our Latest Report on NBTB
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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