Dividend Channel
Free Dividend Report - Top Ranked Stocks

PARTNER NEWS:

Wed, May 1, 11:22 AM, Zacks
Mastercard (MA) Q1 Earnings Beat on Steady Spending, '24 View Cut
Mastercard (MA) repurchases 4.4 million shares for $2 billion in the first quarter.

Wed, May 1, 8:54 AM, Zacks
Private Payrolls in April Exceed Expectations
Private Payrolls in April Exceed Expectations.

Featured MNV Articles:

Ex-Dividend Reminder: Trustmark, NBT Bancorp and FNB
Tuesday, May 30, 10:37 AM ET, by Market News Video Staff

On 5/31/23, Trustmark Corp (TRMK), NBT Bancorp. Inc.. ...

Insiders Bullish on Certain Holdings of OMFS
Friday, June 9, 9:55 AM ET, by Market News Video Staff

A look at the weighted underlying holdings of the Invesco Russell 2000—Dynamic Multifactor ETF (OMFS) ...

Top Buys by Directors: Delaney's $1.2M Bet on NBTB
Tuesday, June 20, 1:02 PM ET, by Market News Video Staff

The directors of a company tend to have a unique inside view into the business, ...

Analysts Expect VIG Will Reach $176
Friday, June 23, 7:27 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

NBTB Crosses Above Average Analyst Target
Thursday, July 27, 7:31 AM ET, by Market News Video Staff

In recent trading, shares of NBT Bancorp. Inc.. ...

NBT Bancorp Named Top Dividend Stock With Insider Buying and 3.74% Yield (NBTB)

By Dividend Channel Staff, Thursday, March 14, 2:29 PM ET
Play Video: The Importance of Insider Buying


If the video does not load after a few moments, Upgrade to the Latest Flash Player.
Email EnvelopeFree Email Alerts By Stock:
Get Dividend Alerts
Get SEC Filing Alerts

In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and directors of a company tend to have a unique insider's view of the business, and presumably the only reason an insider would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So when stocks turn up that see insider buying, and are also top ranked, investors are wise to take notice. One such company is NBT Bancorp. Inc. (NASDAQ:NBTB), which saw buying by EVP & Chief Financial Officer Scott Allen Kingsley.

Back on February 5, Kingsley invested $34,000.00 into 1,000 shares of NBTB, for a cost per share of $34.00. In trading on Thursday, bargain hunters could buy shares of NBT Bancorp. Inc. (NASDAQ:NBTB) and achieve a cost basis 2.0% cheaper than Kingsley, with shares changing hands as low as $33.33 per share. It should be noted that Kingsley has collected $0.32/share in dividends since the time of their purchase, so they are currently down 1.0% on their purchase from a total return basis. NBT Bancorp. Inc. shares are currently trading -2.54% 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 $27.525 per share, with $43.77 as the 52 week high point — that compares with a last trade of $33.41. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
12/14/2023 Jason David Brown Director 350 $41.50 $14,524.61
01/25/2024 Scott Allen Kingsley EVP & Chief Financial Officer 1,000 $36.80 $36,800.00
02/05/2024 Scott Allen Kingsley EVP & Chief Financial Officer 1,000 $34.00 $34,000.00

The DividendRank report noted that among the coverage universe, NBTB shares displayed both attractive valuation metrics and strong profitability metrics. The report also cited the strong quarterly dividend history at NBT Bancorp. Inc., and favorable long-term multi-year growth rates in key fundamental data points.

The report stated, ''Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. That's what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most 'interesting' stocks, meant for investors as a source of ideas that merit further research.''

The annualized dividend paid by NBT Bancorp. Inc. is $1.28/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 02/29/2024. Below is a long-term dividend history chart for NBTB, which the report stressed as being of key importance. Indeed, studying a company's past dividend history can be of good help in judging whether the most recent dividend is likely to continue.


This Article's Word Cloud:   Allen   Bancorp   Chief   Dividend   DividendRank   Financial   Insider   Kingsley   NBTB   Officer   Scott   also   attractive   basis   below   both   buying   chart   companies   company   cost   coverage   currently   dividend   escape   fillColor   find   from   have   history   insider   investors   last   long   maybe   mdash   metrics   months   most   recent   report   share   shares   that   their   they   trading   valuation   which   with

NBT Bancorp Named Top Dividend Stock With Insider Buying and 3.74% Yield (NBTB) | www.DividendChannel.com | Copyright © 2010 - 2024, All Rights Reserved

Nothing in Dividend Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Dividend Channel; Meet Our Editorial Staff.