2 days Ago By ABMN Staff
Arizona State Retirement System increased its holdings in shares of NBT Bancorp Inc. ( NASDAQ:NBTB – Free Report ) by 2.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
The firm owned 13,199 shares of the bank’s stock after acquiring an additional 258 shares during the period. Arizona State Retirement System’s holdings in NBT Bancorp were worth $509,000 as of its most recent SEC filing. Other institutional investors and hedge funds have also recently bought and sold shares of the company.
Register Financial Advisors LLC acquired a new position in NBT Bancorp during the first quarter worth $27,000. Union Savings Bank boosted its position in NBT Bancorp by 4,075.0% during the first quarter.
Union Savings Bank now owns 4,843 shares of the bank’s stock worth $178,000 after purchasing an additional 4,727 shares in the last quarter. SG Americas Securities LLC purchased a new stake in NBT Bancorp during the first quarter worth $178,000. B.
Riley Wealth Advisors Inc. purchased a new stake in NBT Bancorp during the first quarter worth $332,000. Finally, ProShare Advisors LLC boosted its position in NBT Bancorp by 7.
4% during the first quarter. ProShare Advisors LLC now owns 9,268 shares of the bank’s stock worth $340,000 after purchasing an additional 635 shares in the last quarter. Institutional investors and hedge funds own 58.
46% of the company’s stock. NBT Bancorp Stock Up 0.6 % Shares of NASDAQ:NBTB opened at $45.
08 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 0.
87 and a debt-to-equity ratio of 0.17. NBT Bancorp Inc.
has a 52-week low of $30.31 and a 52-week high of $50.83.
The stock’s fifty day simple moving average is $46.00 and its 200-day simple moving average is $39.53.
The company has a market capitalization of $2.13 billion, a P/E ratio of 17.41 and a beta of 0.
50. NBT Bancorp Increases Dividend The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.
34 per share. The ex-dividend date of this dividend was Friday, August 30th. This is a positive change from NBT Bancorp’s previous quarterly dividend of $0.
32. This represents a $1.36 annualized dividend and a yield of 3.
02%. NBT Bancorp’s dividend payout ratio is currently 52.51%.
Insiders Place Their Bets In other NBT Bancorp news, EVP Martin Randolph Sparks sold 1,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $48.37, for a total transaction of $48,370.
00. Following the completion of the sale, the executive vice president now directly owns 15,003 shares in the company, valued at $725,695.11.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink . In other news, Director V Daniel Robinson II sold 20,000 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $44.
10, for a total value of $882,000.00. Following the completion of the sale, the director now owns 517,558 shares in the company, valued at $22,824,307.
80. The transaction was disclosed in a legal filing with the SEC, which is available through this link . Also, EVP Martin Randolph Sparks sold 1,000 shares of the stock in a transaction dated Thursday, September 12th.
The shares were sold at an average price of $48.37, for a total value of $48,370.00.
Following the completion of the sale, the executive vice president now owns 15,003 shares of the company’s stock, valued at approximately $725,695.11. The disclosure for this sale can be found here .
3.32% of the stock is currently owned by insiders. Analyst Upgrades and Downgrades A number of research firms have commented on NBTB.
Raymond James downgraded NBT Bancorp from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 24th. Stephens restated an “equal weight” rating and issued a $49.00 price objective on shares of NBT Bancorp in a research report on Tuesday, September 10th.
One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $42.
60. Read Our Latest Report on NBTB 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. Featured Articles 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 .
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