2 weeks Ago By ABMN Staff
Bank of Montreal Can lifted its holdings in NBT Bancorp Inc. ( NASDAQ:NBTB – Free Report ) by 6.8% in the 4th quarter, Holdings Channel.
com reports. The fund owned 7,278 shares of the bank’s stock after buying an additional 461 shares during the quarter. Bank of Montreal Can’s holdings in NBT Bancorp were worth $348,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of NBT Bancorp by 66.5% during the 4th 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. US Bancorp DE boosted its holdings in NBT Bancorp by 42.0% in the 4th quarter.
US Bancorp DE now owns 1,836 shares of the bank’s stock valued at $88,000 after purchasing an additional 543 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of NBT Bancorp by 27.7% during the 4th 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 raised its stake in shares of 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 acquiring an additional 693 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of NBT Bancorp by 0.8% during the fourth quarter.
Swiss National Bank now owns 92,800 shares of the bank’s stock worth $4,432,000 after acquiring an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 58.46% of the company’s stock.
Insider Buying and Selling at NBT Bancorp In related news, EVP Sarah A. Halliday sold 5,000 shares of NBT Bancorp 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 transaction, the executive vice president now directly owns 25,564 shares of the company’s stock, valued at $1,238,575.
80. This trade represents a 16.36 % decrease in their ownership of the stock.
The sale was disclosed in a filing with the SEC, which is available through this link . Also, Director Heidi M. Hoeller bought 678 shares of the stock in a transaction on Friday, February 7th.
The shares were bought at an average price of $48.45 per share, with a total value of $32,849.10.
Following the acquisition, the director now owns 6,437 shares of the company’s stock, valued at $311,872.65. This trade represents a 11.
77 % increase in their ownership of the stock. The disclosure for this purchase can be found here . Insiders own 3.
03% of the company’s stock. NBT Bancorp Trading Up 1.3 % NBT Bancorp ( NASDAQ:NBTB – Get Free Report ) last announced its quarterly 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 business earned $0.72 EPS.
Analysts predict that NBT Bancorp Inc. will post 3.69 EPS for the current year.
NBT Bancorp Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.34 per share.
This represents a $1.36 annualized dividend and a yield of 3.25%.
The ex-dividend date of this dividend was Monday, March 3rd. NBT Bancorp’s payout ratio is 45.95%.
Analyst Upgrades and Downgrades A number of research firms recently weighed in on NBTB. Stephens raised 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 report on Wednesday, January 29th.
StockNews.com lowered shares of NBT Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, January 16th. Finally, Hovde Group started coverage on NBT Bancorp in a report on Friday, March 21st.
They issued a “market perform” rating and a $50.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock.
Based on data from MarketBeat.com, NBT Bancorp has a consensus rating of “Hold” and an average target price of $54.50.
View Our Latest Analysis on NBTB 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.
Further Reading 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.com's FREE daily email newsletter ..
