Schroder Investment Management Group Increases Position in NBT Bancorp Inc. (NASDAQ:NBTB)

Schroder Investment Management Group increased its position in NBT Bancorp Inc. (NASDAQ:NBTB - Free Report) by 11.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 175,942 shares of the bank's stock after purchasing an additional 18,626 shares during the quarter. Schroder Investment Management Group owned approximately 0.37% of NBT Bancorp worth $8,433,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of NBTB. GAMMA Investing LLC increased its holdings 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 purchasing an additional 517 shares during 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 raised its holdings 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. Crews Bank & Trust bought a new position in NBT Bancorp in the 4th quarter valued at about $98,000. Finally, KBC Group NV lifted its position in 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 acquiring an additional 693 shares during the last quarter. 58.46% of the stock is currently owned by institutional investors and hedge funds.

NBT Bancorp Stock Up 4.7 %

NASDAQ:NBTB traded up $1.81 on Wednesday, hitting $40.45. The stock had a trading volume of 368,387 shares, compared to its average volume of 214,091. The firm's fifty day simple moving average is $44.71 and its two-hundred day simple moving average is $46.45. 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 stock has a market cap of $1.91 billion, a P/E ratio of 13.67 and a beta of 0.53. NBT Bancorp Inc. has a 1 year low of $32.93 and a 1 year high of $52.44.

NBT Bancorp (NASDAQ:NBTB - Get Free Report) last announced 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 net margin of 17.84% and a return on equity of 9.39%. During the same period in the previous year, the firm earned $0.72 earnings per share. Analysts predict that NBT Bancorp Inc. will post 3.69 earnings per share for the current year.

NBT Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.34 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.36 annualized dividend and a dividend yield of 3.36%. NBT Bancorp's payout ratio is presently 45.95%.

Insiders Place Their Bets

In other NBT Bancorp news, EVP Sarah A. Halliday sold 5,000 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $48.45, for a total transaction of $242,250.00. Following the sale, the executive vice president now directly owns 25,564 shares of the company's stock, valued at $1,238,575.80. This trade represents a 16.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Heidi M. Hoeller acquired 678 shares of NBT Bancorp stock in a transaction dated 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 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 ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 3.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on NBTB shares. Stephens upgraded NBT Bancorp from an "equal weight" rating to an "overweight" rating and set a $53.00 target price on the stock in a research note on Wednesday, January 29th. DA Davidson initiated coverage on shares of NBT Bancorp in a report on Thursday, December 12th. They set a "neutral" rating and a $60.00 price target for the company. Hovde Group began coverage on NBT Bancorp in a research note on Friday, March 21st. They set a "market perform" rating and a $50.00 target price for the company. Finally, StockNews.com downgraded NBT Bancorp from a "hold" rating to a "sell" rating in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $54.50.

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.