Yousif Capital Management LLC Lowers Stock Position in NBT Bancorp Inc. (NASDAQ:NBTB)

Yousif Capital Management LLC cut its stake in shares of NBT Bancorp Inc. (NASDAQ:NBTB) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,827 shares of the bank’s stock after selling 458 shares during the period. Yousif Capital Management LLC’s holdings in NBT Bancorp were worth $851,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Eagle Asset Management Inc. increased its holdings in NBT Bancorp by 76.3% in the 3rd quarter. Eagle Asset Management Inc. now owns 378,898 shares of the bank’s stock valued at $16,759,000 after purchasing an additional 163,952 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of NBT Bancorp by 55.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 224,874 shares of the bank’s stock valued at $9,946,000 after buying an additional 80,232 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of NBT Bancorp in the third quarter valued at $439,000. Barclays PLC raised its holdings in shares of NBT Bancorp by 41.8% in the 3rd quarter. Barclays PLC now owns 91,880 shares of the bank’s stock valued at $4,064,000 after buying an additional 27,085 shares during the period. Finally, Geode Capital Management LLC lifted its stake in NBT Bancorp by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,118,410 shares of the bank’s stock worth $49,477,000 after acquiring an additional 10,628 shares in the last quarter. 58.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Amy Wiles sold 500 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $51.31, for a total value of $25,655.00. Following the completion of the transaction, the executive vice president now owns 27,409 shares in the company, valued at approximately $1,406,355.79. This represents a 1.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Sarah A. Halliday sold 5,000 shares of NBT Bancorp stock in a transaction on 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 owns 25,564 shares in the company, valued at $1,238,575.80. This represents a 16.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,694 shares of company stock worth $778,535. 3.32% of the stock is currently owned by insiders.

NBT Bancorp Stock Up 0.0 %

Shares of NASDAQ:NBTB opened at $48.05 on Friday. NBT Bancorp Inc. has a fifty-two week low of $32.79 and a fifty-two week high of $52.44. The firm’s 50 day moving average price is $48.31 and its 200 day moving average price is $47.10. 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 stock has a market cap of $2.27 billion, a price-to-earnings ratio of 16.23 and a beta of 0.52.

NBT Bancorp (NASDAQ:NBTB) last announced its quarterly earnings data on Monday, January 27th. The bank reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter last year, the business earned $0.72 earnings per share. As a group, equities research analysts predict that NBT Bancorp Inc. will post 3.69 earnings per share for the current fiscal year.

NBT Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.34 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.36 annualized dividend and a dividend yield of 2.83%. NBT Bancorp’s dividend payout ratio is currently 45.95%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Stephens upgraded shares of NBT Bancorp from an “equal weight” rating to an “overweight” rating and set a $53.00 price target on the stock in a research note on Wednesday, January 29th. DA Davidson initiated coverage on shares of NBT Bancorp in a research note on Thursday, December 12th. They set a “neutral” rating and a $60.00 target price on the stock. StockNews.com lowered shares of NBT Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of NBT Bancorp from $50.00 to $55.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $51.75.

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.