Snatch This Bargain Even Cheaper Than EVP/President Comm Banking Halliday Did

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There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on October 24, NBT Bancorp. Inc.'s EVP/President Comm Banking, Sarah A. Halliday, invested $15,015.12 into 425 shares of NBTB, for a cost per share of $35.33. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Friday, bargain hunters could buy shares of NBT Bancorp. Inc. (Symbol: NBTB) and achieve a cost basis even cheaper than Halliday, with shares changing hands as low as $35.01 per share. It should be noted that Halliday has collected $0.52/share in dividends since the time of their purchase, so they are currently up 0.6% on their purchase from a total return basis. NBT Bancorp. Inc. shares are currently trading down about 2.5% on the day. The chart below shows the one year performance of NBTB shares, versus its 200 day moving average:

NBT Bancorp. Inc. Chart

Looking at the chart above, NBTB's low point in its 52 week range is $31.87 per share, with $41.88 as the 52 week high point - that compares with a last trade of $35.10. By comparison, below is a table showing the prices at which NBTB insider buying was recorded over the last six months:

10/24/2018Sarah A. HallidayEVP/President Comm Banking425$35.33$15,015.12

The current annualized dividend paid by NBT Bancorp. Inc. is $1.04/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 02/28/2019. Below is a long-term dividend history chart for NBTB, which can be of good help in judging whether the most recent dividend with approx. 2.9% annualized yield is likely to continue.


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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Options
Referenced Symbols: NBTB

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