Louisiana State Employees Retirement System Sells 900 Shares of NBT Bancorp Inc. (NASDAQ:NBTB)

Louisiana State Employees Retirement System decreased its position in NBT Bancorp Inc. (NASDAQ:NBTB) by 3.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,800 shares of the bank’s stock after selling 900 shares during the period. Louisiana State Employees Retirement System’s holdings in NBT Bancorp were worth $1,008,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. BNP Paribas Financial Markets lifted its stake in NBT Bancorp by 51.8% in the first quarter. BNP Paribas Financial Markets now owns 22,962 shares of the bank’s stock valued at $842,000 after buying an additional 7,831 shares during the period. Texas Permanent School Fund Corp lifted its position in shares of NBT Bancorp by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 41,211 shares of the bank’s stock valued at $1,512,000 after acquiring an additional 534 shares during the period. SG Americas Securities LLC bought a new position in NBT Bancorp during the first quarter worth $178,000. Inspire Investing LLC grew its holdings in NBT Bancorp by 6.9% in the first quarter. Inspire Investing LLC now owns 9,759 shares of the bank’s stock worth $358,000 after purchasing an additional 634 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in NBT Bancorp by 978.7% in the first quarter. Russell Investments Group Ltd. now owns 90,457 shares of the bank’s stock worth $3,318,000 after purchasing an additional 82,071 shares during the period. Institutional investors own 58.46% of the company’s stock.

Insider Activity at NBT Bancorp

In other NBT Bancorp news, Director V Daniel Robinson II sold 20,000 shares of NBT Bancorp stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $44.10, for a total transaction of $882,000.00. Following the transaction, the director now directly owns 517,558 shares of the company’s stock, valued at $22,824,307.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other NBT Bancorp news, Director V Daniel Robinson II sold 20,000 shares of NBT Bancorp stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $44.10, for a total transaction of $882,000.00. Following the transaction, the director now owns 517,558 shares of the company’s stock, valued at $22,824,307.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Martin Randolph Sparks sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $48.37, for a total value of $48,370.00. Following the completion of the transaction, the executive vice president now directly owns 15,003 shares of the company’s stock, valued at approximately $725,695.11. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 121,556 shares of company stock valued at $5,436,790. 3.32% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Stephens reiterated an “equal weight” rating and set a $49.00 price objective on shares of NBT Bancorp in a report on Tuesday, September 10th. StockNews.com raised NBT Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Raymond James cut NBT Bancorp from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 24th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $42.60.

NBT Bancorp Trading Up 0.2 %

NASDAQ:NBTB opened at $44.56 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.87 and a quick ratio of 0.86. NBT Bancorp Inc. has a one year low of $32.79 and a one year high of $50.83. The company has a market cap of $2.10 billion, a PE ratio of 15.69 and a beta of 0.49. The firm has a 50-day moving average of $45.22 and a 200-day moving average of $41.82.

NBT Bancorp (NASDAQ:NBTB) last issued its quarterly earnings data on Monday, October 28th. The bank reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. The firm had revenue of $202.00 million during the quarter, compared to analyst estimates of $144.70 million. NBT Bancorp had a return on equity of 9.36% and a net margin of 17.37%. During the same period in the previous year, the company posted $0.84 EPS. As a group, equities research analysts expect that NBT Bancorp Inc. will post 2.89 EPS for the current fiscal year.

NBT Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date is Monday, December 2nd. NBT Bancorp’s payout ratio is currently 47.89%.

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.