1 week Ago By ABMN Staff
JPMorgan Chase & Co. raised its stake in NBT Bancorp Inc. ( NASDAQ:NBTB – Free Report ) by 307.
0% during the 4th quarter, HoldingsChannel reports. The firm owned 376,849 shares of the bank’s stock after acquiring an additional 284,267 shares during the quarter. JPMorgan Chase & Co.
’s holdings in NBT Bancorp were worth $17,998,000 as of its most recent SEC filing. Other hedge funds and other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC grew 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 valued at $49,477,000 after buying an additional 10,628 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings 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 acquiring an additional 75,693 shares during the period. Victory Capital Management Inc.
boosted its holdings in NBT Bancorp by 8.1% in the 4th quarter. Victory Capital Management Inc.
now owns 666,562 shares of the bank’s stock worth $31,835,000 after acquiring an additional 50,152 shares during the period. Charles Schwab Investment Management Inc. grew its position in 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 acquiring an additional 9,713 shares in the last quarter.
Finally, Raymond James Financial Inc. purchased a new stake in shares of NBT Bancorp during the fourth quarter valued at approximately $23,651,000. Institutional investors and hedge funds own 58.
46% of the company’s stock. NBT Bancorp Price Performance Shares of NBTB stock opened at $38.62 on Friday.
The firm has a fifty day moving average of $44.37 and a two-hundred day moving average of $46.37.
The firm has a market cap of $1.82 billion, a P/E ratio of 13.05 and a beta of 0.
53. NBT Bancorp Inc. has a 1-year low of $32.
93 and a 1-year high of $52.44. The company has a debt-to-equity ratio of 0.
17, a current ratio of 0.87 and a quick ratio of 0.87.
NBT Bancorp Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.34 dividend.
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 dividend payout ratio (DPR) is 45.95%.
Insider Activity at NBT Bancorp In other NBT Bancorp news, Director Heidi M. Hoeller purchased 678 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was acquired at an average cost 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 approximately $311,872.
65. This represents a 11.77 % increase in their position.
The purchase was disclosed in a filing with the SEC, which is accessible through this link . Also, EVP Sarah A. Halliday sold 5,000 shares of the business’s stock in a transaction dated Monday, February 10th.
The shares were sold at an average price of $48.45, for a total transaction of $242,250.00.
Following the sale, the executive vice president now directly owns 25,564 shares of the company’s stock, valued at approximately $1,238,575.80. This represents a 16.
36 % decrease in their position. The disclosure for this sale can be found here . Corporate insiders own 3.
32% of the company’s stock. Wall Street Analysts Forecast Growth Several brokerages have recently weighed in on NBTB. 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. StockNews.com cut shares of NBT Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, January 16th.
Finally, Hovde Group began coverage on NBT Bancorp in a research report on Friday, March 21st. They set 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 issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, NBT Bancorp presently has an average rating of “Hold” and a consensus target price of $54.50.
Get Our Latest Stock Analysis on NBT Bancorp 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 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 ).
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