NBT Bancorp Inc. (NASDAQ:NBTB) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lifted its stake in shares of NBT Bancorp Inc. (NASDAQ:NBTB - Free Report) by 5.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 131,101 shares of the bank's stock after buying an additional 7,316 shares during the quarter. Commonwealth Equity Services LLC owned about 0.28% of NBT Bancorp worth $6,261,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. GAMMA Investing LLC grew its stake in NBT Bancorp by 66.5% during the 4th quarter. GAMMA Investing LLC now owns 1,295 shares of the bank's stock worth $62,000 after buying an additional 517 shares during the last quarter. US Bancorp DE boosted its holdings in shares of NBT Bancorp by 42.0% in the fourth quarter. US Bancorp DE now owns 1,836 shares of the bank's stock valued at $88,000 after acquiring an additional 543 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of NBT Bancorp by 27.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,755 shares of the bank's stock valued at $132,000 after acquiring an additional 597 shares during the period. KBC Group NV raised its position in NBT Bancorp by 47.5% in the 4th quarter. KBC Group NV now owns 2,152 shares of the bank's stock valued at $103,000 after purchasing an additional 693 shares during the last quarter. Finally, Swiss National Bank boosted its stake in NBT Bancorp by 0.8% during the 4th quarter. Swiss National Bank now owns 92,800 shares of the bank's stock worth $4,432,000 after purchasing an additional 700 shares during the period. Institutional investors and hedge funds own 58.46% of the company's stock.

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NBT Bancorp Price Performance

Shares of NBT Bancorp stock traded down $0.33 during trading on Wednesday, reaching $43.59. The company's stock had a trading volume of 167,652 shares, compared to its average volume of 207,637. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.17. NBT Bancorp Inc. has a 12-month low of $32.93 and a 12-month high of $52.44. The company has a market capitalization of $2.06 billion, a P/E ratio of 14.73 and a beta of 0.48. The business has a 50 day moving average price of $46.43 and a 200-day moving average price of $46.83.

NBT Bancorp (NASDAQ:NBTB - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The bank reported $0.77 earnings per share (EPS) 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 last year, the firm earned $0.72 EPS. As a group, sell-side analysts anticipate that NBT Bancorp Inc. will post 3.69 EPS for the current year.

NBT Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.34 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.36 annualized dividend and a yield of 3.12%. NBT Bancorp's dividend payout ratio is presently 45.95%.

Insider Activity

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

Wall Street Analyst Weigh In

A number of research analysts have commented on NBTB shares. Stephens upgraded shares of NBT Bancorp from an "equal weight" rating to an "overweight" rating and set a $53.00 price objective on the stock in a research note on Wednesday, January 29th. Hovde Group started coverage on NBT Bancorp in a research note on Friday, March 21st. They set a "market perform" rating and a $50.00 price objective for the company. StockNews.com cut NBT Bancorp from a "hold" rating to a "sell" rating in a research report on Thursday, January 16th. Keefe, Bruyette & Woods boosted their target price on NBT Bancorp from $50.00 to $55.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Finally, DA Davidson started coverage on NBT Bancorp in a report on Thursday, December 12th. They set a "neutral" rating and a $60.00 price target for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $54.50.

NBT Bancorp 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.