New insider activity at NBT Bancorp ( (NBTB) ) has taken place on February 12, 2025.
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Sarah A Halliday, the Executive Vice President and President of Commercial Banking at NBT Bancorp, has recently sold 5,000 shares of the company’s stock. This transaction amounted to a total of $242,250.
Recent Updates on NBTB stock
In the latest developments for NBT Bancorp, the company reported a strong performance in its Q4 earnings, highlighting significant growth in non-interest income and a record tangible book value. The earnings call emphasized strategic expansion through the Evans Bancorp merger, increased dividends, and favorable net interest margin trends. However, challenges were noted in decreased loan yields and increased non-performing assets and operating expenses. Stephens upgraded NBT Bancorp to Overweight, citing ‘best-of-breed fundamentals,’ including a strong low-cost deposit base, diversified revenue composition, and an improving yield curve. The strategic expansion, particularly through the Evans Bancorp merger, positions NBT as a leading community bank in Upstate New York and is seen as a strong thematic story with a positive profitability outlook.
More about NBT Bancorp
YTD Price Performance: 2.44%
Average Trading Volume: 227,995
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.29B