Rhumbline Advisers boosted its holdings in NBT Bancorp Inc. (NASDAQ:NBTB) by 15.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,903 shares of the bank’s stock after acquiring an additional 13,754 shares during the quarter. Rhumbline Advisers owned 0.24% of NBT Bancorp worth $3,824,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its position in NBT Bancorp by 33.2% in the 3rd quarter. Victory Capital Management Inc. now owns 6,650 shares of the bank’s stock valued at $244,000 after acquiring an additional 1,657 shares in the last quarter. American International Group Inc. lifted its position in NBT Bancorp by 5.7% in the 3rd quarter. American International Group Inc. now owns 33,903 shares of the bank’s stock valued at $1,245,000 after acquiring an additional 1,841 shares in the last quarter. Swiss National Bank lifted its position in NBT Bancorp by 3.5% in the 4th quarter. Swiss National Bank now owns 73,300 shares of the bank’s stock valued at $2,697,000 after acquiring an additional 2,500 shares in the last quarter. CIBC Asset Management Inc bought a new position in NBT Bancorp in the 4th quarter valued at approximately $208,000. Finally, Municipal Employees Retirement System of Michigan lifted its holdings in shares of NBT Bancorp by 59.2% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 16,300 shares of the bank’s stock valued at $599,000 after buying an additional 6,060 shares during the period. 51.43% of the stock is currently owned by institutional investors and hedge funds.
In related news, CFO Michael J. Chewens sold 4,190 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $38.41, for a total value of $160,937.90. Following the transaction, the chief financial officer now directly owns 59,443 shares of the company’s stock, valued at approximately $2,283,205.63. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert A. Wadsworth sold 1,625 shares of the firm’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $37.20, for a total value of $60,450.00. Following the completion of the transaction, the director now directly owns 16,194 shares in the company, valued at $602,416.80. The disclosure for this sale can be found here. 3.07% of the stock is currently owned by company insiders.
NBT Bancorp Inc. (NASDAQ NBTB) opened at $37.31 on Wednesday. The firm has a market capitalization of $1,622.09, a price-to-earnings ratio of 19.95 and a beta of 0.88. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.85 and a current ratio of 0.85. NBT Bancorp Inc. has a twelve month low of $31.28 and a twelve month high of $40.85.
NBT Bancorp (NASDAQ:NBTB) last released its quarterly earnings results on Monday, January 22nd. The bank reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.03). The firm had revenue of $104.92 million for the quarter, compared to the consensus estimate of $103.52 million. NBT Bancorp had a net margin of 19.07% and a return on equity of 9.16%. During the same period in the previous year, the company earned $0.45 earnings per share. sell-side analysts predict that NBT Bancorp Inc. will post 2.44 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.92 dividend on an annualized basis and a yield of 2.47%. NBT Bancorp’s dividend payout ratio is currently 49.20%.
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NBT Bancorp Company Profile
NBT Bancorp Inc is a financial holding company. The Company conducts its business through NBT Bank, National Association (the Bank) and also through its other subsidiaries, which includes providing commercial banking and financial services to customers in its market area, including central and upstate New York, northeastern Pennsylvania, southern New Hampshire, western Massachusetts, Vermont and Portland, Maine area.
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