1 week Ago By ABMN Staff
Barclays PLC increased its position in NBT Bancorp Inc. ( NASDAQ:NBTB – Free Report ) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC.
The fund owned 94,673 shares of the bank’s stock after buying an additional 2,793 shares during the period. Barclays PLC owned 0.20% of NBT Bancorp worth $4,522,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of NBTB. GAMMA Investing LLC raised its position in shares of NBT Bancorp by 66.5% in the fourth quarter.
GAMMA Investing LLC now owns 1,295 shares of the bank’s stock valued at $62,000 after purchasing an additional 517 shares during the period. Sterling Capital Management LLC grew its holdings in NBT Bancorp by 817.7% in the 4th quarter.
Sterling Capital Management LLC now owns 1,450 shares of the bank’s stock valued at $69,000 after buying an additional 1,292 shares during the last quarter. Rialto Wealth Management LLC bought a new position in NBT Bancorp in the 4th quarter worth approximately $87,000. US Bancorp DE lifted its holdings 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 buying an additional 543 shares during the last quarter. Finally, Crews Bank & Trust bought a new stake in shares of NBT Bancorp in the fourth quarter valued at approximately $98,000.
Institutional investors and hedge funds own 58.46% of the company’s stock. NBT Bancorp Price Performance NASDAQ:NBTB opened at $42.
60 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.
87 and a current ratio of 0.87. The company has a 50-day moving average of $42.
81 and a 200-day moving average of $46.20. NBT Bancorp Inc.
has a 52 week low of $34.47 and a 52 week high of $52.44.
The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 14.39 and a beta of 0.
53. Analyst Upgrades and Downgrades NBTB has been the subject of several research analyst reports. Stephens upgraded shares of NBT Bancorp from an “equal weight” rating to an “overweight” rating and set a $53.
00 target price for the company in a research note on Wednesday, January 29th. Hovde Group began coverage on shares of NBT Bancorp in a research note on Friday, March 21st. They issued a “market perform” rating and a $50.
00 target price for the company. Finally, StockNews.com downgraded NBT Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, January 16th.
One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, NBT Bancorp presently has an average rating of “Hold” and an average price target of $54.
50. Check Out Our Latest Research Report on NBTB Insiders Place Their Bets In other news, EVP Sarah A. Halliday sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 10th.
The shares were sold at an average price of $48.45, for a total transaction of $242,250.00.
Following the completion of the sale, the executive vice president now owns 25,564 shares of the company’s stock, valued at approximately $1,238,575.80. This trade represents a 16.
36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link . Also, Director Heidi M.
Hoeller bought 678 shares of NBT Bancorp stock in a transaction dated Friday, February 7th. The stock was acquired at an average cost of $48.45 per share, for a total transaction of $32,849.
10. Following the completion of the acquisition, the director now directly owns 6,437 shares in the company, valued at $311,872.65.
This represents a 11.77 % increase in their ownership of the stock. The disclosure for this purchase can be found here .
Corporate insiders own 3.03% of the company’s stock. NBT Bancorp Company Profile ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding NBTB? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for NBT Bancorp Inc. ( NASDAQ:NBTB – Free Report ). Receive News & Ratings for NBT Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NBT Bancorp and related companies with MarketBeat.
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