Stock Analysis

Trade Alert: The Executive VP & CFO Of NBT Bancorp Inc. (NASDAQ:NBTB), Scott Kingsley, Has Just Spent US$89k Buying 18% More Shares

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Even if it's not a huge purchase, we think it was good to see that Scott Kingsley, the Executive VP & CFO of NBT Bancorp Inc. (NASDAQ:NBTB) recently shelled out US$89k to buy stock, at US$38.50 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 18%.

Check out our latest analysis for NBT Bancorp

NBT Bancorp Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the Independent Chairman, Martin Dietrich, for US$433k worth of shares, at about US$42.50 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of US$35.34. So it is hard to draw any strong conclusion from it.

Happily, we note that in the last year insiders paid US$302k for 8.06k shares. But insiders sold 11.45k shares worth US$483k. In total, NBT Bancorp insiders sold more than they bought over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

NasdaqGS:NBTB Insider Trading Volume March 16th 2023

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Insider Ownership Of NBT Bancorp

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 2.2% of NBT Bancorp shares, worth about US$33m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At NBT Bancorp Tell Us?

The recent insider purchases are heartening. On the other hand the transaction history, over the last year, isn't so positive. The more recent transactions are a positive, but NBT Bancorp insiders haven't shown the sustained enthusiasm that we look for, although they do own a decent number of shares, overall. Overall they seem reasonably aligned. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for NBT Bancorp.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

What are the risks and opportunities for NBT Bancorp?

NBT Bancorp Inc., a financial holding company, provides commercial banking, retail banking, and wealth management services.

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  • Trading at 50.8% below our estimate of its fair value

  • Earnings are forecast to grow 8.11% per year


No risks detected for NBTB from our risks checks.

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