Independent Director of NBT Bancorp Timothy Delaney Buys 86% More Shares \
NBT Bancorp Inc. (NASDAQ:NBTB) shareholders (or potential shareholders) will be happy to see that the Independent Director, Timothy Delaney, recently bought a whopping US$1.2m worth of stock, at a price of US$29.77. That increased their holding by a full 86%, which arguably implies the sort of confidence required for a shy sweet-natured nerd to ask the most popular kid in the school to go out on a date.
View our latest analysis for NBT Bancorp
The Last 12 Months Of Insider Transactions At NBT Bancorp
Notably, that recent purchase by Timothy Delaney is the biggest insider purchase of NBT Bancorp shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is US$31.73. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for NBT Bancorp share holders is that insiders were buying at near the current price.
Over the last year, we can see that insiders have bought 45.06k shares worth US$1.4m. But insiders sold 11.45k shares worth US$483k. In total, NBT Bancorp insiders bought more than they sold over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
NBT Bancorp is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does NBT Bancorp Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. NBT Bancorp insiders own about US$31m worth of shares. That equates to 2.3% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About NBT Bancorp Insiders?
It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest NBT Bancorp insiders are well aligned, and that they may think the share price is too low. Of course, the future is what matters most. So if you are interested in NBT Bancorp, you should check out this free report on analyst forecasts for the company.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
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.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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