NBT Bancorp Inc. (NASDAQ:NBTB) Shares Purchased by Swiss National Bank

Swiss National Bank raised its position in NBT Bancorp Inc. (NASDAQ:NBTB) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,800 shares of the bank’s stock after purchasing an additional 700 shares during the quarter. Swiss National Bank owned about 0.20% of NBT Bancorp worth $4,432,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in NBTB. GAMMA Investing LLC increased its stake in NBT Bancorp by 66.5% during the 4th quarter. GAMMA Investing LLC now owns 1,295 shares of the bank’s stock worth $62,000 after buying an additional 517 shares during the period. US Bancorp DE increased its position in shares of NBT Bancorp by 42.0% during the fourth quarter. US Bancorp DE now owns 1,836 shares of the bank’s stock worth $88,000 after acquiring an additional 543 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of NBT Bancorp by 27.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,755 shares of the bank’s stock valued at $132,000 after acquiring an additional 597 shares in the last quarter. KBC Group NV boosted its holdings in NBT Bancorp by 47.5% in the fourth quarter. KBC Group NV now owns 2,152 shares of the bank’s stock valued at $103,000 after purchasing an additional 693 shares during the period. Finally, Handelsbanken Fonder AB grew its stake in NBT Bancorp by 12.9% during the 4th quarter. Handelsbanken Fonder AB now owns 10,495 shares of the bank’s stock worth $501,000 after purchasing an additional 1,200 shares in the last quarter. 58.46% of the stock is currently owned by institutional investors and hedge funds.

NBT Bancorp Trading Up 0.3 %

NBT Bancorp stock opened at $43.92 on Wednesday. The stock has a 50-day moving average price of $46.43 and a 200 day moving average price of $46.83. NBT Bancorp Inc. has a 52 week low of $32.93 and a 52 week high of $52.44. The stock has a market cap of $2.08 billion, a PE ratio of 14.84 and a beta of 0.48. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.17.

NBT Bancorp (NASDAQ:NBTB) last posted its quarterly earnings data 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 quarter last year, the company posted $0.72 EPS. Equities research analysts predict that NBT Bancorp Inc. will post 3.69 earnings per share for the current fiscal year.

NBT Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.34 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.36 annualized dividend and a dividend yield of 3.10%. NBT Bancorp’s dividend payout ratio is presently 45.95%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. DA Davidson assumed coverage on shares of NBT Bancorp in a research note on Thursday, December 12th. They issued a “neutral” rating and a $60.00 price target for the company. Stephens upgraded shares of NBT Bancorp from an “equal weight” rating to an “overweight” rating and set a $53.00 price objective on the stock in a report on Wednesday, January 29th. StockNews.com downgraded shares of NBT Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods increased their target price on NBT Bancorp from $50.00 to $55.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, Hovde Group began coverage on NBT Bancorp in a report on Friday, March 21st. They set a “market perform” rating and a $50.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $54.50.

Insider Buying and Selling

In other news, Director Heidi M. Hoeller acquired 678 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average cost of $48.45 per share, for a total transaction of $32,849.10. Following the transaction, the director now directly owns 6,437 shares in the company, valued at $311,872.65. This trade represents a 11.77 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, 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 shares were sold at an average price of $48.45, for a total value of $242,250.00. Following the sale, the executive vice president now directly owns 25,564 shares in the company, valued at $1,238,575.80. The trade was a 16.36 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.32% of the company’s stock.

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.