Dividend Worth Watching: $0.23 dividends are within arm’s reach for NBT Bancorp Inc. (NASDAQ:NBTB) shareholders.

Dividend Worth Watching: $0.23 dividends are within arm's reach for NBT Bancorp Inc. (NASDAQ:NBTB) shareholders.

NBT Bancorp Inc. (NASDAQ:NBTB) is expected to pay $0.23 on Dec 15, 2016. The indicated annual dividend is $0.92. Shareholders owning the stock before Nov 29, 2016 will be eligible to receive the payout. Based on NBT Bancorp Inc.’s current price of $39.55, the dividend is 0.58%. This dividend’s record date is Dec 1, 2016 and the announcement date is Oct 25, 2016. The stock increased 0.08% or $0.03 on November 25, hitting $39.55. 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 $1.71 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 22.17 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.

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.
Sg Americas Securities Lc, a New York-based fund reported 4,911 shares. Capstone Asset Mngmt has 0.01% invested in the company for 11,306 shares. Los Angeles Capital Mngmt & Equity Research Incorporated accumulated 0% or 12,541 shares. Moreover, Gemmer Asset Management Ltd Llc has 0% invested in NBT Bancorp Inc. (NASDAQ:NBTB) for 238 shares. Zurcher Kantonalbank (Zurich Cantonalbank) owns 932 shares or 0% of their US portfolio. Chemung Canal Trust Co last reported 0.05% of its portfolio in the stock. Halsey Associate Ct holds 0.1% or 15,347 shares in its portfolio. New York State Common Retirement Fund reported 44,300 shares or 0% of all its holdings. Blackrock Ltd holds 66,294 shares or 0% of its portfolio. Deutsche National Bank & Trust Ag holds 67,721 shares or 0% of its portfolio. Principal Fincl Group last reported 311,316 shares in the company. Schwab Charles Management has 187,173 shares for 0.01% of their US portfolio. Creative Planning accumulated 0.01% or 27,013 shares. Loomis Sayles & L P has 0% invested in the company for 225 shares. Ls Invest Advisors Llc last reported 1,536 shares in the company.

Insider Transactions: Since July 27, 2016, the stock had 0 buys, and 8 sales for $4.04 million net activity. Another trade for 3,250 shares valued at $125,894 was sold by CIVIL PATRICIA T. 10,000 shares with value of $385,900 were sold by DELANEY TIMOTHY E on Thursday, November 17. Shares for $873,962 were sold by DIETRICH MARTIN A on Monday, November 14. $116,700 worth of NBT Bancorp Inc. (NASDAQ:NBTB) was sold by SANTANGELO JOSEPH A. $924,758 worth of NBT Bancorp Inc. (NASDAQ:NBTB) was sold by LEVY JEFFREY M on Wednesday, July 27. On Wednesday, November 16 Wadsworth Robert A sold $53,270 worth of the stock or 1,375 shares.

NBT Bancorp Inc. (NASDAQ:NBTB) Ratings Coverage

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. NBT Bancorp Inc has been the topic of 5 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The rating was downgraded by Piper Jaffray on Wednesday, November 16 to “Underweight”. The rating was downgraded by PiperJaffray on Wednesday, November 16 to “Underweight”. Piper Jaffray initiated the shares of NBTB in a report on Thursday, January 7 with “Neutral” rating.

More news for NBT Bancorp Inc. (NASDAQ:NBTB) were recently published by: Globenewswire.com, which released: “NBT Bancorp Inc. Elects New Chairman, Announces Succession Plan And Expanded …” on May 04, 2016. Globenewswire.com‘s article titled: “NBT Bancorp Inc. Successfully Closes Merger With Alliance Financial Corporation” and published on March 08, 2013 is yet another important article.

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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