November 28, 2016 - By Adrian Mccoy
Nbt Bancorp Inc director and an insider John Mitchell in the last few days sold 1,800 company shares having a worth of $70,200 at the avg market share price which was $39.0. Presently, John Mitchell has 199,148 shares or exactly 0.47% of the company’s market capitalization (total value of the shares outstanding). The stock sale by Mr. John – was recorded on November 28, 2016 and disclosed in a SEC’s document available here.
Out of 3 analysts covering NBT Bancorp Inc (NASDAQ:NBTB), 0 rate it a “Buy”, 2 “Sell”, while 1 “Hold”. This means 0 are positive. $30.0 is the highest target while $26 is the lowest. The $27.67 average target is -29.21% below today’s ($39.09) stock price. NBT Bancorp Inc has been the topic of 5 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Piper Jaffray downgraded the shares of NBTB in a report on Wednesday, November 16 to “Underweight” rating. The firm earned “Neutral” rating on Thursday, January 7 by Piper Jaffray. The stock has “Underweight” rating given by PiperJaffray on Wednesday, November 16.
Insitutional Activity: The institutional sentiment increased to 1.75 in Q2 2016. Its up 0.81, from 0.94 in 2016Q1. The ratio increased, as 10 funds sold all NBT Bancorp Inc. shares owned while 39 reduced positions. 8 funds bought stakes while 38 increased positions. They now own 19.73 million shares or 0.20% more from 19.69 million shares in 2016Q1.
The New York-based Jpmorgan Chase has invested 0% in NBT Bancorp Inc. (NASDAQ:NBTB). Victory Capital accumulated 0% or 4,270 shares. Mendon Cap Advsrs Corporation has invested 0.24% of its portfolio in NBT Bancorp Inc. (NASDAQ:NBTB). Parametric Portfolio Associate Ltd Company holds 106,606 shares or 0% of its portfolio. Comerica Bank & Trust has invested 0.01% of its portfolio in NBT Bancorp Inc. (NASDAQ:NBTB). The Massachusetts-based State Street Corporation has invested 0% in NBT Bancorp Inc. (NASDAQ:NBTB). Sg Americas Securities Ltd Company reported 4,911 shares or 0% of all its holdings. Profund Advisors Limited Liability Corporation, a Maryland-based fund reported 9,850 shares. Ameriprise Finance accumulated 0% or 215,608 shares. Voya Mgmt Ltd Limited Liability Company, a Georgia-based fund reported 20,225 shares. The New York-based New York State Teachers Retirement System has invested 0% in NBT Bancorp Inc. (NASDAQ:NBTB). Tower Research Capital Ltd Liability Co (Trc) holds 0.01% or 2,512 shares in its portfolio. Tompkins Finance accumulated 75,070 shares or 0.64% of the stock. Retail Bank Of Ny Mellon has 571,165 shares for 0% of their US portfolio. Allsquare Wealth Mgmt Limited Liability Company has 0.06% invested in the company for 2,217 shares.
Insider Transactions: Since July 27, 2016, the stock had 0 buys, and 8 selling transactions for $4.04 million net activity. On Thursday, September 22 the insider DIETRICH MARTIN A sold $816,638. $385,900 worth of shares were sold by DELANEY TIMOTHY E on Thursday, November 17. $125,894 worth of NBT Bancorp Inc. (NASDAQ:NBTB) shares were sold by CIVIL PATRICIA T. $924,758 worth of shares were sold by LEVY JEFFREY M on Wednesday, July 27. SANTANGELO JOSEPH A sold $116,700 worth of NBT Bancorp Inc. (NASDAQ:NBTB) on Wednesday, November 16. 1,375 shares with value of $53,270 were sold by Wadsworth Robert A on Wednesday, November 16.
About 10,435 shares traded hands. NBT Bancorp Inc. (NASDAQ:NBTB) has risen 41.60% since April 25, 2016 and is uptrending. It has outperformed by 35.59% the S&P500.
NBT Bancorp Inc. is a financial holding company. The company has a market cap of $1.69 billion. The Firm conducts its business through NBT Bank, National Association and other subsidiaries, which provide commercial banking and financial services to clients in its market area, including central and upstate New York, northeastern Pennsylvania, southern New Hampshire, western Massachusetts, Vermont and Portland, Maine area. It has a 21.91 P/E ratio. The Bank It offers deposit products, such as demand deposit accounts, negotiable order of withdrawal accounts, money market deposit accounts and certificate of deposit accounts.
According to Zacks Investment Research, “NBT BANCORP INC. is a one bank holding company engaged in general banking business.”
Analysts await NBT Bancorp Inc. (NASDAQ:NBTB) to report earnings on January, 23. They expect $0.46 EPS, up 6.98% or $0.03 from last year’s $0.43 per share. NBTB’s profit will be $19.89 million for 21.24 P/E if the $0.46 EPS becomes a reality. After $0.46 actual EPS reported by NBT Bancorp Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
More news for NBT Bancorp Inc. (NASDAQ:NBTB) were recently published by: Streetinsider.com, which released: “Form 4 NBT BANCORP INC For: Nov 23 Filed by: MITCHELL JOHN C” on November 28, 2016. Globenewswire.com‘s article titled: “NBT Bancorp Inc. Elects New Chairman, Announces Succession Plan And Expanded ..” and published on May 04, 2016 is yet another important article.
NBT Bancorp Inc., incorporated on January 3, 1986, is a financial holding company. The Company’s principal assets consist of its subsidiaries, including NBT Bank, National Association (the Bank), NBT Financial Services, Inc. (NBT Financial), NBT Holdings, Inc. (NBT Holdings), Hathaway Agency, Inc., and CNBF Capital Trust I, NBT Statutory Trust I and NBT Statutory Trust II (collectively, the Trusts). The Firm conducts its business through the Bank and other subsidiaries, which provide commercial banking and financial services to clients in its market area, including central and upstate New York, northeastern Pennsylvania, southern New Hampshire, western Massachusetts, Vermont and Portland, Maine area.
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By Adrian Mccoy