NBT Bancorp Inc. (NASDAQ:NBTB) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its position in NBT Bancorp Inc. (NASDAQ:NBTB) by 68.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 15,616 shares of the bank’s stock after acquiring an additional 6,358 shares during the quarter. BNP Paribas Financial Markets’ holdings in NBT Bancorp were worth $691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of NBT Bancorp by 47.9% during the 3rd quarter. GAMMA Investing LLC now owns 778 shares of the bank’s stock valued at $34,000 after buying an additional 252 shares in the last quarter. US Bancorp DE acquired a new position in NBT Bancorp during the third quarter worth $57,000. Quest Partners LLC purchased a new position in NBT Bancorp during the third quarter valued at $57,000. Focused Wealth Management Inc acquired a new stake in shares of NBT Bancorp in the third quarter valued at about $217,000. Finally, Ascent Wealth Partners LLC purchased a new stake in shares of NBT Bancorp during the third quarter worth about $218,000. Institutional investors and hedge funds own 58.46% of the company’s stock.

Insider Transactions at NBT Bancorp

In other news, Director Timothy E. Delaney sold 40,000 shares of NBT Bancorp stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $51.47, for a total transaction of $2,058,800.00. Following the completion of the sale, the director now directly owns 38,853 shares in the company, valued at $1,999,763.91. The trade was a 50.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Amy Wiles sold 556 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $45.00, for a total value of $25,020.00. Following the transaction, the executive vice president now owns 28,909 shares in the company, valued at approximately $1,300,905. This trade represents a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 111,556 shares of company stock worth $5,380,920. 3.32% of the stock is currently owned by company insiders.

NBT Bancorp Trading Up 0.2 %

Shares of NBT Bancorp stock opened at $51.68 on Friday. The firm has a market cap of $2.44 billion, a PE ratio of 18.20 and a beta of 0.52. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.17. NBT Bancorp Inc. has a fifty-two week low of $32.79 and a fifty-two week high of $52.31. The business’s fifty day moving average is $47.50 and its two-hundred day moving average is $44.35.

NBT Bancorp (NASDAQ:NBTB) last released its quarterly earnings data on Monday, October 28th. The bank reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.02. The company had revenue of $202.00 million during the quarter, compared to analyst estimates of $144.70 million. NBT Bancorp had a net margin of 17.37% and a return on equity of 9.36%. During the same quarter in the prior year, the business earned $0.84 earnings per share. Analysts anticipate that NBT Bancorp Inc. will post 2.94 earnings per share for the current year.

NBT Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Monday, December 2nd. NBT Bancorp’s dividend payout ratio (DPR) is presently 47.89%.

Analysts Set New Price Targets

Several research analysts recently commented on NBTB shares. DA Davidson began coverage on NBT Bancorp in a research note on Thursday. They issued a “neutral” rating and a $60.00 price objective for the company. 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 report on Wednesday, December 4th. StockNews.com upgraded shares of NBT Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Stephens restated an “equal weight” rating and set a $49.00 target price on shares of NBT Bancorp in a report on Tuesday, September 10th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, NBT Bancorp has a consensus rating of “Hold” and a consensus price target of $48.17.

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.