New insider activity at NBT Bancorp ( (NBTB) ) has taken place on February 8, 2025.
Director Heidi M Hoeller has made a significant investment in NBT Bancorp by purchasing 678 shares of the company’s stock for a total value of $32,849.
Recent Updates on NBTB stock
In the last 24 hours, NBT Bancorp has experienced significant developments following its Q4 earnings call. The call highlighted a positive outlook with notable achievements in non-interest income growth, a record tangible book value, and an increased dividend, demonstrating strong financial health and shareholder commitment. NBT also announced a strategic merger with Evans Bancorp, enhancing its market position in Upstate New York. Despite these positives, challenges such as decreased loan yields, increased non-performing assets, and higher operating expenses were noted. Stephens upgraded NBT Bancorp to Overweight, citing strong fundamentals including a low-cost deposit base, diversified revenue, and improved market conditions in areas like Syracuse and Albany, bolstered by the CHIPS Act. The upgrade reflects confidence in NBT’s profitability outlook and strategic expansions.
More about NBT Bancorp
YTD Price Performance: 3.97%
Average Trading Volume: 228,612
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $2.31B
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