NBT Bancorp Inc. (NASDAQ:NBTB) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lowered its stake in shares of NBT Bancorp Inc. (NASDAQ:NBTB - Free Report) by 0.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,109,383 shares of the bank's stock after selling 9,027 shares during the period. Geode Capital Management LLC owned approximately 2.35% of NBT Bancorp worth $52,995,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its stake in shares of NBT Bancorp by 66.5% in the fourth quarter. GAMMA Investing LLC now owns 1,295 shares of the bank's stock valued at $62,000 after buying an additional 517 shares in the last quarter. Rialto Wealth Management LLC acquired a new position in NBT Bancorp in the 4th quarter valued at about $87,000. US Bancorp DE increased its stake in NBT Bancorp by 42.0% during the fourth quarter. US Bancorp DE now owns 1,836 shares of the bank's stock worth $88,000 after purchasing an additional 543 shares during the period. Crews Bank & Trust purchased a new stake in NBT Bancorp during the fourth quarter worth about $98,000. Finally, KBC Group NV lifted its position in shares of NBT Bancorp by 47.5% during the fourth quarter. KBC Group NV now owns 2,152 shares of the bank's stock worth $103,000 after purchasing an additional 693 shares in the last quarter. Institutional investors and hedge funds own 58.46% of the company's stock.

NBT Bancorp Stock Up 0.5 %

NASDAQ NBTB traded up $0.18 on Friday, hitting $39.76. 297,030 shares of the stock were exchanged, compared to its average volume of 217,003. NBT Bancorp Inc. has a fifty-two week low of $33.11 and a fifty-two week high of $52.44. The company has a 50-day moving average price of $43.45 and a 200-day moving average price of $46.21. 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 company has a market cap of $1.88 billion, a PE ratio of 13.43 and a beta of 0.53.

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

NBT Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend was Monday, March 3rd. NBT Bancorp's dividend payout ratio (DPR) is 45.95%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NBTB. StockNews.com downgraded shares of NBT Bancorp from a "hold" rating to a "sell" rating in a research note on Thursday, January 16th. Stephens raised NBT Bancorp from an "equal weight" rating to an "overweight" rating and set a $53.00 price objective on the stock in a research report on Wednesday, January 29th. Finally, Hovde Group assumed coverage on NBT Bancorp in a report on Friday, March 21st. They issued a "market perform" rating and a $50.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, NBT Bancorp presently has an average rating of "Hold" and an average price target of $54.50.

Insider Buying and Selling at NBT Bancorp

In other NBT Bancorp news, EVP Sarah A. Halliday sold 5,000 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $48.45, for a total value of $242,250.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Heidi M. Hoeller bought 678 shares of the stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $48.45 per share, for a total transaction of $32,849.10. Following the completion of the transaction, the director now owns 6,437 shares of the company's stock, valued at approximately $311,872.65. The trade was a 11.77 % increase in their position. The disclosure for this purchase can be found here. 3.32% of the stock is currently owned by insiders.

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.