US Bancorp DE Increases Stock Position in NBT Bancorp Inc. (NASDAQ:NBTB)

US Bancorp DE boosted its holdings in NBT Bancorp Inc. (NASDAQ:NBTB) by 42.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,836 shares of the bank’s stock after buying an additional 543 shares during the period. US Bancorp DE’s holdings in NBT Bancorp were worth $88,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Eagle Asset Management Inc. grew its position in shares of NBT Bancorp by 76.3% in the third 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 in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in NBT Bancorp by 55.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 224,874 shares of the bank’s stock worth $9,946,000 after purchasing an additional 80,232 shares during the period. Bank of New York Mellon Corp grew its holdings in NBT Bancorp by 12.5% during the 4th quarter. Bank of New York Mellon Corp now owns 683,253 shares of the bank’s stock valued at $32,632,000 after buying an additional 75,693 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in shares of NBT Bancorp during the third quarter valued at about $439,000. Finally, Barclays PLC lifted its holdings in shares of NBT Bancorp by 41.8% in the third quarter. Barclays PLC now owns 91,880 shares of the bank’s stock worth $4,064,000 after buying an additional 27,085 shares in the last quarter. Institutional investors own 58.46% of the company’s stock.

Insider Buying and Selling

In other NBT Bancorp news, EVP Sarah A. Halliday sold 5,000 shares of the business’s stock in a transaction on Monday, February 10th. The shares were 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 directly owns 25,564 shares of the company’s stock, valued at $1,238,575.80. The trade was a 16.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 cost of $48.45 per share, for a total transaction of $32,849.10. Following the completion of the purchase, the director now directly 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 corporate insiders.

NBT Bancorp Price Performance

NBTB stock opened at $43.67 on Tuesday. The firm has a 50 day simple moving average of $46.78 and a two-hundred day simple moving average of $47.01. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market cap of $2.06 billion, a PE ratio of 14.75 and a beta of 0.48. NBT Bancorp Inc. has a one year low of $32.79 and a one year high of $52.44.

NBT Bancorp (NASDAQ:NBTB) last released its earnings results on Monday, January 27th. The bank reported $0.77 EPS 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 period in the prior year, the firm posted $0.72 earnings per share. On average, analysts predict that NBT Bancorp Inc. will post 3.69 EPS for the current fiscal year.

NBT Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.11%. NBT Bancorp’s dividend payout ratio is 45.95%.

Analysts Set New Price Targets

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

About NBT Bancorp

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.