Register Financial Advisors LLC Makes New Investment in NBT Bancorp Inc. (NASDAQ:NBTB)

Register Financial Advisors LLC acquired a new position in shares of NBT Bancorp Inc. (NASDAQ:NBTB) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 737 shares of the bank’s stock, valued at approximately $27,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. boosted its position in shares of NBT Bancorp by 69.9% during the 4th quarter. Blue Trust Inc. now owns 671 shares of the bank’s stock worth $28,000 after acquiring an additional 276 shares in the last quarter. Bare Financial Services Inc acquired a new stake in shares of NBT Bancorp in the 4th quarter valued at about $98,000. Naples Money Management LLC acquired a new stake in shares of NBT Bancorp in the 4th quarter valued at about $156,000. Ascent Wealth Partners LLC acquired a new stake in shares of NBT Bancorp in the 4th quarter valued at about $204,000. Finally, Fidelity D & D Bancorp Inc. acquired a new stake in shares of NBT Bancorp in the 4th quarter valued at about $207,000. 58.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NBTB. Keefe, Bruyette & Woods decreased their target price on NBT Bancorp from $41.00 to $39.00 and set a “market perform” rating for the company in a research report on Wednesday, April 24th. Stephens reissued an “overweight” rating and issued a $42.00 target price on shares of NBT Bancorp in a research report on Tuesday, April 23rd. Finally, Janney Montgomery Scott raised NBT Bancorp from a “neutral” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $41.20.

Insider Transactions at NBT Bancorp

In other news, EVP Sarah A. Halliday sold 1,325 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $35.66, for a total transaction of $47,249.50. Following the completion of the transaction, the executive vice president now directly owns 32,402 shares of the company’s stock, valued at approximately $1,155,455.32. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.32% of the company’s stock.

NBT Bancorp Stock Up 2.4 %

NBT Bancorp stock opened at $38.60 on Friday. NBT Bancorp Inc. has a twelve month low of $30.31 and a twelve month high of $43.77. The stock has a 50 day moving average of $36.62 and a two-hundred day moving average of $36.77. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 14.90 and a beta of 0.52.

NBT Bancorp (NASDAQ:NBTB) last posted its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. NBT Bancorp had a return on equity of 10.20% and a net margin of 16.71%. The company had revenue of $192.33 million during the quarter, compared to analysts’ expectations of $135.01 million. During the same period last year, the firm earned $0.88 EPS. As a group, research analysts expect that NBT Bancorp Inc. will post 2.84 earnings per share for the current year.

NBT Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date was Friday, May 31st. NBT Bancorp’s dividend payout ratio (DPR) is 49.42%.

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.