The stock of NBT Bancorp Inc. (NASDAQ:NBTB) hit a new 52-week high and has $54.93 target or 39.00% above today’s $39.52 share price. The 5 months bullish chart indicates low risk for the $1.78 billion company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $54.93 price target is reached, the company will be worth $694.20 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 5.22% or $1.96 during the last trading session, hitting $39.52. About 341,287 shares traded hands or 252.49% up from the average. NBT Bancorp Inc. (NASDAQ:NBTB) has risen 43.69% since April 11, 2016 and is uptrending. It has outperformed by 37.54% the S&P500.
NBT Bancorp Inc. (NASDAQ:NBTB) Ratings Coverage
Out of 2 analysts covering NBT Bancorp Inc (NASDAQ:NBTB), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. NBT Bancorp Inc has been the topic of 3 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The rating was initiated by Piper Jaffray on Thursday, January 7 with “Neutral”.
According to Zacks Investment Research, “NBT BANCORP INC. is a one bank holding company engaged in general banking business.”
Insitutional Activity: The institutional sentiment decreased to 0.94 in 2016 Q2. Its down 0.18, from 1.12 in 2016Q1. The ratio dropped, 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.
New York State Teachers Retirement System holds 0% or 47,315 shares in its portfolio. Peoples Fincl Corporation last reported 4.88% of its portfolio in the stock. Glenmede Na has 0% invested in the company for 7,396 shares. Los Angeles Management & Equity Rech holds 0% or 12,541 shares in its portfolio. Wells Fargo And Mn reported 21,035 shares or 0% of all its holdings. Hancock Hldgs accumulated 0.03% or 29,200 shares. Schwab Charles Investment Mngmt holds 187,173 shares or 0.01% of its portfolio. The New York-based Arrow Fincl Corporation has invested 0.02% in NBT Bancorp Inc. (NASDAQ:NBTB). Bridgeway Cap Mgmt last reported 0.02% of its portfolio in the stock. Thrivent Financial For Lutherans has invested 0% of its portfolio in NBT Bancorp Inc. (NASDAQ:NBTB). Tompkins Fin holds 0.64% or 75,070 shares in its portfolio. Swiss Financial Bank reported 68,000 shares or 0% of all its holdings. State Street, a Massachusetts-based fund reported 932,369 shares. Great West Life Assurance Can holds 5,333 shares or 0% of its portfolio. Teachers Retirement System Of The State Of Kentucky has 0.01% invested in the company for 13,600 shares.
Insider Transactions: Since July 27, 2016, the stock had 0 buys, and 3 selling transactions for $2.49 million net activity. DIETRICH MARTIN A sold $816,638 worth of stock or 25,000 shares. $924,758 worth of NBT Bancorp Inc. (NASDAQ:NBTB) was sold by LEVY JEFFREY M.
Another recent and important NBT Bancorp Inc. (NASDAQ:NBTB) news was published by Globenewswire.com which published an article titled: “NBT Bancorp Inc. Elects New Chairman, Announces Succession Plan And Expanded …” on May 04, 2016.
NBTB Company Profile
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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