The stock of NBT Bancorp Inc. (NASDAQ:NBTB) reached all time high today, Nov, 14 and still has $56.50 target or 43.00% above today’s $39.51 share price. This indicates more upside for the $1.79 billion company. This technical setup was reported by Barchart.com. If the $56.50 PT is reached, the company will be worth $769.70 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 219,083 shares traded hands or 110.97% up from the average. NBT Bancorp Inc. (NASDAQ:NBTB) has risen 48.52% since April 12, 2016 and is uptrending. It has outperformed by 43.53% 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 firm has “Neutral” rating given on Thursday, January 7 by Piper Jaffray.
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 worsened, 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.
State Street last reported 0% of its portfolio in the stock. Renaissance Technologies Lc has 179,700 shares for 0.01% of their US portfolio. Deutsche Comml Bank Ag holds 0% or 67,721 shares in its portfolio. Blackrock Institutional Trust Communications Na holds 1.17 million shares or 0.01% of its portfolio. Allsquare Wealth Management Limited Liability reported 2,217 shares or 0.06% of all its holdings. Susquehanna Grp Incorporated Llp has 0% invested in the company for 13,200 shares. The Washington-based Parametric Associate Ltd has invested 0% in NBT Bancorp Inc. (NASDAQ:NBTB). Aperio Grp Incorporated Limited Liability holds 0% of its portfolio in NBT Bancorp Inc. (NASDAQ:NBTB) for 8,777 shares. The North Carolina-based Retail Bank Of America De has invested 0% in NBT Bancorp Inc. (NASDAQ:NBTB). Community National Bank Na, a New York-based fund reported 63,215 shares. Grp reported 31,654 shares or 0% of all its holdings. The California-based Cap Fin Advisers Ltd Limited Liability Company has invested 0.02% in NBT Bancorp Inc. (NASDAQ:NBTB). Nbt Retail Bank N A New York reported 270,839 shares or 1.35% of all its holdings. Rhumbline Advisers has 64,779 shares for 0.01% of their US portfolio. State Teachers Retirement System has 0% invested in the company for 47,315 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. Another trade for 31,000 shares valued at $924,758 was made by LEVY JEFFREY M on Wednesday, July 27.
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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