D.A. Davidson Remains a Buy on NBT Bancorp (NBTB)

In a report released today, Manuel Navas from D.A. Davidson reiterated a Buy rating on NBT Bancorp (NBTB – Research Report). The company’s shares closed yesterday at $46.09.

Navas covers the Financial sector, focusing on stocks such as First Commonwealth, NBT Bancorp, and Northwest Bancshares. According to TipRanks, Navas has an average return of 13.3% and a 74.59% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for NBT Bancorp with a $54.00 average price target, implying a 17.16% upside from current levels. In a report released today, Stephens also upgraded the stock to a Buy with a $53.00 price target.

The company has a one-year high of $52.44 and a one-year low of $32.79. Currently, NBT Bancorp has an average volume of 240.6K.

Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NBTB in relation to earlier this year. Last month, Amy Wiles, the EVP, Chief Risk and Credit of NBTB sold 500.00 shares for a total of $25,655.00.

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NBT Bancorp (NBTB) Company Description:

NBT Bancorp, Inc. is a financial holding company, which engages in the provision of banking services through its subsidiaries NBT Bank. It also offers retail, and wealth management services. The company was founded in 1986 and is headquartered in Norwich, NY.