1 week Ago By ABMN Staff
Savant Capital LLC decreased its holdings in shares of NBT Bancorp Inc. ( NASDAQ:NBTB – Free Report ) by 7.7% during the 2nd quarter, HoldingsChannel.
com reports. The firm owned 64,690 shares of the bank’s stock after selling 5,430 shares during the period. Savant Capital LLC’s holdings in NBT Bancorp were worth $2,497,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. Victory Capital Management Inc. boosted its position in shares of NBT Bancorp by 540.
2% during the 2nd quarter. Victory Capital Management Inc. now owns 703,286 shares of the bank’s stock worth $27,147,000 after purchasing an additional 593,436 shares in the last quarter.
Norges Bank acquired a new stake in shares of NBT Bancorp in the fourth quarter valued at about $12,547,000. Hsbc Holdings PLC purchased a new stake in NBT Bancorp during the fourth quarter worth about $11,434,000. Bank of New York Mellon Corp grew its position in NBT Bancorp by 36.
7% during the second quarter. Bank of New York Mellon Corp now owns 629,715 shares of the bank’s stock worth $24,307,000 after buying an additional 169,180 shares during the period. Finally, Vanguard Group Inc.
increased its holdings in NBT Bancorp by 2.3% in the fourth quarter. Vanguard Group Inc.
now owns 5,642,447 shares of the bank’s stock valued at $236,475,000 after buying an additional 126,572 shares in the last quarter. 58.46% of the stock is owned by hedge funds and other institutional investors.
NBT Bancorp Price Performance Shares of NASDAQ:NBTB opened at $46.28 on Monday. NBT Bancorp Inc.
has a one year low of $30.31 and a one year high of $50.83.
The stock has a market cap of $2.18 billion, a PE ratio of 17.87 and a beta of 0.
50. The business’s fifty day moving average price is $45.21 and its two-hundred day moving average price is $39.
05. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.
86 and a current ratio of 0.87. NBT Bancorp Increases Dividend The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th.
Investors of record on Friday, August 30th will be paid a dividend of $0.34 per share. This is an increase from NBT Bancorp’s previous quarterly dividend of $0.
32. The ex-dividend date is Friday, August 30th. This represents a $1.
36 annualized dividend and a dividend yield of 2.94%. NBT Bancorp’s dividend payout ratio is presently 52.
51%. Analyst Ratings Changes Several brokerages have recently commented on NBTB. Stephens lowered NBT Bancorp from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $42.
00 to $49.00 in a research note on Thursday, July 25th. Raymond James downgraded NBT Bancorp from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 24th.
One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $42.
60. View Our Latest Analysis on NBT Bancorp Insider Buying and Selling In other NBT Bancorp news, EVP Sarah A. Halliday sold 1,325 shares of the business’s stock in a transaction on Friday, June 14th.
The stock was sold at an average price of $35.66, for a total value of $47,249.50.
Following the completion of the transaction, the executive vice president now directly owns 32,402 shares in the company, valued at approximately $1,155,455.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink .
3.32% of the stock is owned by company insiders. 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. Read More 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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