1 week Ago By Defense World Staff
JPMorgan Chase & Co. lifted its stake in shares of NBT Bancorp Inc. ( NASDAQ:NBTB – Free Report ) by 307.
0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 376,849 shares of the bank’s stock after purchasing an additional 284,267 shares during the period. JPMorgan Chase & Co.
owned about 0.80% of NBT Bancorp worth $17,998,000 as of its most recent filing with the Securities & Exchange Commission. Several other hedge funds have also recently modified their holdings of the stock.
Geode Capital Management LLC boosted its stake in shares of NBT Bancorp by 1.0% in the third quarter. Geode Capital Management LLC now owns 1,118,410 shares of the bank’s stock worth $49,477,000 after acquiring an additional 10,628 shares during the last quarter.
Bank of New York Mellon Corp lifted its stake in NBT Bancorp by 12.5% in the 4th quarter. Bank of New York Mellon Corp now owns 683,253 shares of the bank’s stock worth $32,632,000 after purchasing an additional 75,693 shares in the last quarter.
Victory Capital Management Inc. boosted its holdings in shares of NBT Bancorp by 8.1% during the 4th quarter.
Victory Capital Management Inc. now owns 666,562 shares of the bank’s stock worth $31,835,000 after purchasing an additional 50,152 shares during the last quarter. Charles Schwab Investment Management Inc.
grew its position in shares of NBT Bancorp by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc.
now owns 595,349 shares of the bank’s stock valued at $28,434,000 after purchasing an additional 9,713 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of NBT Bancorp in the fourth quarter valued at approximately $23,651,000.
Institutional investors and hedge funds own 58.46% of the company’s stock. Wall Street Analyst Weigh In Several analysts have issued reports on the company.
StockNews.com cut NBT Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, January 16th. Stephens raised shares of NBT Bancorp from an “equal weight” rating to an “overweight” rating and set a $53.
00 price target on the stock in a research report on Wednesday, January 29th. Finally, Hovde Group started coverage on shares of NBT Bancorp in a research report on Friday, March 21st. They set a “market perform” rating and a $50.
00 price objective for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $54.
50. Insider Activity at NBT Bancorp In related news, EVP Sarah A. Halliday sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 10th.
The stock was sold at an average price of $48.45, for a total transaction of $242,250.00.
Following the completion of the transaction, the executive vice president now directly owns 25,564 shares in the company, valued at $1,238,575.80. This trade represents a 16.
36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link . Also, Director Heidi M.
Hoeller bought 678 shares of the company’s stock in a transaction on Friday, February 7th. The stock was purchased at an average cost of $48.45 per share, with a total value of $32,849.
10. Following the completion of the transaction, the director now 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 .
3.32% of the stock is owned by insiders. NBT Bancorp Price Performance NASDAQ:NBTB opened at $38.
62 on Friday. The company has a market capitalization of $1.82 billion, a P/E ratio of 13.
05 and a beta of 0.53. 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 52 week low of $32.93 and a 52 week high of $52.
44. The stock’s fifty day moving average is $44.37 and its two-hundred day moving average is $46.
37. NBT Bancorp ( NASDAQ:NBTB – Get Free Report ) last posted its 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 quarter last year, the firm posted $0.72 earnings per share. Equities analysts expect that NBT Bancorp Inc.
will post 3.69 EPS for the current year. NBT Bancorp Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th.
Investors of record on Monday, March 3rd were given a dividend of $0.34 per share. The ex-dividend date was Monday, March 3rd.
This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.52%.
NBT Bancorp’s payout ratio is currently 45.95%. About NBT Bancorp ( 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. See Also Five stocks we like better than NBT Bancorp Insider Trading – What You Need to Know JPMorgan is a Buy, if You Can Handle The Volatility How to Know Which Cryptocurrency to Buy: A Guide for Investors United States Steel’s Crash: An Unmissable Buying Opportunity How to Calculate Inflation Rate Rocket Lab Stock: Weathering the Storm, Time for a Comeback? 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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