NBT Bancorp. Inc.’s filing revealed that its EVP, Chief Risk and Credit Wiles Amy unloaded Company’s shares for reported $25020.0 on Sep 16 ’24. In the deal valued at $45.00 per share,556 shares were sold. As a result of this transaction, Wiles Amy now holds 28,909 shares worth roughly $1.31 million.
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Then, Robinson V Daniel II sold 50,000 shares, generating $2,229,210 in total proceeds. Upon selling the shares at $44.58, the Director now owns 417,558 shares.
Before that, Robinson V Daniel II sold 30,000 shares. NBT Bancorp. Inc. shares valued at $1,343,487 were divested by the Director at a price of $44.78 per share. As a result of the transaction, Robinson V Daniel II now holds 387,558 shares, worth roughly $17.53 million.
Stephens downgraded its NBT Bancorp. Inc. [NBTB] rating to an Equal-weight from a an Overweight in a research note published on July 25, 2024; the price target was increased to $49 from $42. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in late July from “an Outperform” to “a Mkt perform”. Janney also remained covering NBTB and has increased its forecast on March 21, 2024 with a “Buy” recommendation from previously “Neutral” rating. Raymond James revised its rating on June 06, 2023. It rated NBTB as “an Outperform” which previously was an “a Strong buy”.
Price Performance Review of NBTB
On Friday, NBT Bancorp. Inc. [NASDAQ:NBTB] saw its stock fall -1.99% to $45.23. Over the last five days, the stock has gained 0.89%. NBT Bancorp. Inc. shares have risen nearly 7.92% since the year began. Nevertheless, the stocks have risen 44.69% over the past one year. While a 52-week high of $50.83 was reached on 07/23/24, a 52-week low of $30.31 was recorded on 03/20/24. SMA at 50 days reached $46.26, while 200 days put it at $39.22.
Levels Of Support And Resistance For NBTB Stock
The 24-hour chart illustrates a support level at 44.79, which if violated will result in even more drops to 44.35. On the upside, there is a resistance level at 45.86. A further resistance level may holdings at 46.48. The Relative Strength Index (RSI) on the 14-day chart is 46.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.45%. Stochastics %K at 35.86% indicates the stock is a holding.
How much short interest is there in NBT Bancorp. Inc.?
A steep rise in short interest was recorded in NBT Bancorp. Inc. stocks on 2024-08-30, dropping by 96610.0 shares to a total of 1.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 1.2 million shares. There was a decline of -8.77%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 21, 2022 when Raymond James began covering the stock and recommended ‘”a Strong buy”‘ rating along with a $49 price target.
