NBT Bancorp Inc. (NASDAQ:NBTB) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in shares of NBT Bancorp Inc. (NASDAQ:NBTB - Free Report) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 595,349 shares of the bank's stock after purchasing an additional 9,713 shares during the period. Charles Schwab Investment Management Inc. owned 1.26% of NBT Bancorp worth $28,434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of NBTB. US Bancorp DE bought a new stake in NBT Bancorp in the third quarter worth about $57,000. Quest Partners LLC bought a new stake in NBT Bancorp during the 3rd quarter valued at about $57,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in NBT Bancorp in the 3rd quarter valued at about $342,000. Intech Investment Management LLC purchased a new stake in NBT Bancorp in the 3rd quarter valued at about $365,000. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of NBT Bancorp during the third quarter worth approximately $439,000. 58.46% of the stock is currently owned by institutional investors.

NBT Bancorp Price Performance

Shares of NBTB stock traded down $0.43 on Friday, reaching $42.77. 295,036 shares of the company were exchanged, compared to its average volume of 209,953. NBT Bancorp Inc. has a 1 year low of $32.93 and a 1 year high of $52.44. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.87 and a current ratio of 0.87. The business has a 50-day moving average price of $46.59 and a 200 day moving average price of $46.92. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 14.45 and a beta of 0.48.

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NBT Bancorp (NASDAQ:NBTB - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The bank reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.01). NBT Bancorp had a return on equity of 9.39% and a net margin of 17.84%. During the same quarter in the previous year, the company earned $0.72 earnings per share. Equities research analysts forecast that NBT Bancorp Inc. will post 3.69 earnings per share for the current fiscal year.

NBT Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.34 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.36 annualized dividend and a yield of 3.18%. NBT Bancorp's dividend payout ratio (DPR) is currently 45.95%.

Insider Transactions at NBT Bancorp

In other NBT Bancorp news, Director Heidi M. Hoeller purchased 678 shares of the firm's stock in a transaction on Friday, February 7th. The stock was bought at an average price of $48.45 per share, with a total value of $32,849.10. Following the transaction, the director now directly owns 6,437 shares of the company's stock, valued at approximately $311,872.65. This represents a 11.77 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sarah A. Halliday sold 5,000 shares of the company's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $48.45, for a total value of $242,250.00. Following the sale, the executive vice president now owns 25,564 shares in the company, valued at approximately $1,238,575.80. This trade represents a 16.36 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.32% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. StockNews.com lowered NBT Bancorp from a "hold" rating to a "sell" rating in a report on Thursday, January 16th. DA Davidson began coverage on shares of NBT Bancorp in a research note on Thursday, December 12th. They issued a "neutral" rating and a $60.00 price objective for the company. Stephens upgraded shares of NBT Bancorp from an "equal weight" rating to an "overweight" rating and set a $53.00 price target for the company in a report on Wednesday, January 29th. Hovde Group assumed coverage on shares of NBT Bancorp in a research note on Friday. They set a "market perform" rating and a $50.00 price objective on the stock. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of NBT Bancorp from $50.00 to $55.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, NBT Bancorp presently has a consensus rating of "Hold" and an average price target of $51.40.

NBT Bancorp Company Profile

NBT Bancorp Inc, a financial holding company, provides commercial banking, retail banking, and wealth management services. Its deposit products include demand deposit, savings, negotiable order of withdrawal, money market deposit, and certificate of deposit accounts. The company's loan portfolio comprises indirect and direct consumer, home equity, mortgages, business banking loans, and commercial loans; commercial and industrial, commercial real estate, agricultural, and commercial construction loans; and residential real estate loans.