Markets

Snatch This Bargain Even Cheaper Than Director Santangelo Did

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 August 18, NBT Bancorp. Inc.'s Director, Joseph A. Santangelo, invested $93,450.00 into 3,000 shares of NBTB, for a cost per share of $31.15. 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 Monday, bargain hunters could buy shares of NBT Bancorp. Inc. (Symbol: NBTB) and achieve a cost basis 1.9% cheaper than Santangelo, with shares changing hands as low as $30.55 per share. NBT Bancorp. Inc. shares are currently trading up about 0.6% 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 $26.315 per share, with $41.50 as the 52 week high point — that compares with a last trade of $30.34. By comparison, below is a table showing the prices at which NBTB insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
08/18/2020 Joseph A. Santangelo Director 3,000 $31.15 $93,450.00

The current annualized dividend paid by NBT Bancorp. Inc. is $1.08/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 08/31/2020. 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. 3.6% annualized yield is likely to continue.

NBTB+Dividend+History+Chart

Click here to find out which 9 other dividend bargains you can buy cheaper than insiders »

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

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