Curi RMB Capital LLC Sells 25,000 Shares of NBT Bancorp Inc. (NASDAQ:NBTB)

Curi RMB Capital LLC decreased its position in shares of NBT Bancorp Inc. (NASDAQ:NBTB - Free Report) by 62.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 15,000 shares of the bank's stock after selling 25,000 shares during the period. Curi RMB Capital LLC's holdings in NBT Bancorp were worth $716,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in NBT Bancorp by 66.5% in the 4th quarter. GAMMA Investing LLC now owns 1,295 shares of the bank's stock worth $62,000 after acquiring an additional 517 shares during the period. Sterling Capital Management LLC increased its position in NBT Bancorp by 817.7% in the fourth quarter. Sterling Capital Management LLC now owns 1,450 shares of the bank's stock worth $69,000 after buying an additional 1,292 shares during the period. Rialto Wealth Management LLC bought a new stake in NBT Bancorp in the 4th quarter valued at about $87,000. US Bancorp DE increased its position in NBT Bancorp by 42.0% in the 4th 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. Finally, Crews Bank & Trust acquired a new position in shares of NBT Bancorp during the fourth quarter valued at $98,000. 58.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. StockNews.com downgraded shares of NBT Bancorp from a "hold" rating to a "sell" rating in a research report on Thursday, January 16th. Hovde Group started coverage on NBT Bancorp in a report on Friday, March 21st. They set a "market perform" rating and a $50.00 price objective on the stock. Finally, Stephens raised 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $54.50.

Insiders Place Their Bets

In other NBT Bancorp news, Director Heidi M. Hoeller acquired 678 shares of the business's stock in a transaction dated 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 purchase, the director now owns 6,437 shares of the company's stock, valued at approximately $311,872.65. This trade represents a 11.77 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Sarah A. Halliday sold 5,000 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $48.45, for a total transaction of $242,250.00. Following the completion of the transaction, the executive vice president now owns 25,564 shares in the company, valued at $1,238,575.80. The trade was a 16.36 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.03% of the company's stock.

NBT Bancorp Stock Performance

Shares of NBTB traded up $0.49 during mid-day trading on Thursday, hitting $42.36. 224,917 shares of the company's stock were exchanged, compared to its average volume of 218,452. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.17. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 14.31 and a beta of 0.53. The stock's 50-day simple moving average is $43.03 and its 200-day simple moving average is $46.17. NBT Bancorp Inc. has a 52 week low of $34.47 and a 52 week high of $52.44.

NBT Bancorp (NASDAQ:NBTB - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The bank reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.04. NBT Bancorp had a net margin of 17.84% and a return on equity of 9.39%. During the same period last year, the firm posted $0.68 earnings per share. On average, equities research analysts expect that NBT Bancorp Inc. will post 3.69 EPS for the current year.

NBT Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.36 annualized dividend and a dividend yield of 3.21%. NBT Bancorp's payout ratio is 45.95%.

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.