NBT Bancorp Inc. (NASDAQ:NBTB) Shares Acquired by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC raised its holdings in NBT Bancorp Inc. (NASDAQ:NBTB - Free Report) by 40.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 309,300 shares of the bank's stock after purchasing an additional 89,800 shares during the quarter. Ceredex Value Advisors LLC owned 0.66% of NBT Bancorp worth $13,680,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of NBT Bancorp by 47.9% in the 3rd quarter. GAMMA Investing LLC now owns 778 shares of the bank's stock worth $34,000 after acquiring an additional 252 shares during the last quarter. US Bancorp DE acquired a new stake in shares of NBT Bancorp in the third quarter valued at $57,000. SG Americas Securities LLC purchased a new stake in shares of NBT Bancorp in the 1st quarter valued at $178,000. AQR Capital Management LLC acquired a new position in NBT Bancorp during the 2nd quarter worth about $214,000. Finally, Union Savings Bank boosted its holdings in NBT Bancorp by 45.1% during the 2nd quarter. Union Savings Bank now owns 7,026 shares of the bank's stock valued at $271,000 after acquiring an additional 2,183 shares during the period. Institutional investors and hedge funds own 58.46% of the company's stock.

Analysts Set New Price Targets

NBTB has been the topic of a number of recent research reports. Stephens reissued an "equal weight" rating and set a $49.00 price target on shares of NBT Bancorp in a research report on Tuesday, September 10th. StockNews.com raised shares of NBT Bancorp from a "sell" rating to a "hold" rating in a research report on Wednesday. Finally, Raymond James lowered NBT Bancorp from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 24th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $42.60.

Insiders Place Their Bets

In other news, Director V Daniel Robinson II sold 50,000 shares of the company's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $44.58, for a total value of $2,229,000.00. Following the completion of the transaction, the director now owns 417,558 shares in the company, valued at approximately $18,614,735.64. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Amy Wiles sold 556 shares of NBT Bancorp stock in a transaction on Monday, September 16th. The shares were sold at an average price of $45.00, for a total value of $25,020.00. Following the transaction, the executive vice president now directly owns 28,909 shares of the company's stock, valued at $1,300,905. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director V Daniel Robinson II sold 50,000 shares of NBT Bancorp stock in a transaction on Friday, September 13th. The shares were sold at an average price of $44.58, for a total transaction of $2,229,000.00. Following the completion of the transaction, the director now owns 417,558 shares in the company, valued at approximately $18,614,735.64. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 121,556 shares of company stock valued at $5,436,790. 3.32% of the stock is owned by corporate insiders.

NBT Bancorp Stock Up 0.2 %

Shares of NASDAQ:NBTB traded up $0.08 during trading hours on Friday, reaching $44.56. The stock had a trading volume of 151,264 shares, compared to its average volume of 168,495. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 15.69 and a beta of 0.49. The firm's 50 day moving average is $45.22 and its 200-day moving average is $41.82. NBT Bancorp Inc. has a 1 year low of $32.79 and a 1 year high of $50.83. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.86 and a current ratio of 0.87.

NBT Bancorp (NASDAQ:NBTB - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The bank reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.02. NBT Bancorp had a return on equity of 9.36% and a net margin of 17.37%. The company had revenue of $202.00 million during the quarter, compared to the consensus estimate of $144.70 million. During the same period in the previous year, the business earned $0.84 EPS. Research analysts predict that NBT Bancorp Inc. will post 2.89 earnings per share for the current fiscal year.

NBT Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.34 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.36 annualized dividend and a yield of 3.05%. NBT Bancorp's dividend payout ratio is currently 47.89%.

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.