Campbell & CO Investment Adviser LLC acquired a new stake in NBT Bancorp Inc. (NASDAQ:NBTB) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,141 shares of the bank’s stock, valued at approximately $422,000.
Several other large investors also recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of NBT Bancorp by 1.1% in the third quarter. BlackRock Inc. now owns 6,260,415 shares of the bank’s stock valued at $167,905,000 after acquiring an additional 70,088 shares in the last quarter. NBT Bank N A NY increased its stake in NBT Bancorp by 67.8% in the third quarter. NBT Bank N A NY now owns 379,951 shares of the bank’s stock valued at $10,190,000 after purchasing an additional 153,534 shares during the last quarter. First Trust Advisors LP increased its stake in NBT Bancorp by 55.8% in the third quarter. First Trust Advisors LP now owns 173,283 shares of the bank’s stock valued at $4,647,000 after purchasing an additional 62,079 shares during the last quarter. Morgan Stanley increased its stake in NBT Bancorp by 5.6% in the third quarter. Morgan Stanley now owns 167,668 shares of the bank’s stock valued at $4,498,000 after purchasing an additional 8,943 shares during the last quarter. Finally, Swiss National Bank increased its stake in NBT Bancorp by 1.1% in the third quarter. Swiss National Bank now owns 98,800 shares of the bank’s stock valued at $2,650,000 after purchasing an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 53.95% of the company’s stock.
Shares of NASDAQ:NBTB opened at $36.53 on Tuesday. The firm has a market capitalization of $1.59 billion, a PE ratio of 16.24 and a beta of 0.72. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.88 and a quick ratio of 0.88. The business has a 50-day moving average of $34.60 and a two-hundred day moving average of $31.13. NBT Bancorp Inc. has a 12 month low of $26.10 and a 12 month high of $38.49.
NBT Bancorp (NASDAQ:NBTB) last posted its earnings results on Tuesday, January 26th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.16. NBT Bancorp had a return on equity of 8.73% and a net margin of 19.96%. As a group, research analysts anticipate that NBT Bancorp Inc. will post 2.3 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 15th. Investors of record on Monday, March 1st will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date is Friday, February 26th. NBT Bancorp’s dividend payout ratio is currently 39.42%.
NBTB has been the subject of several analyst reports. TheStreet upgraded NBT Bancorp from a “c+” rating to a “b-” rating in a research note on Tuesday, December 1st. Zacks Investment Research upgraded NBT Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, February 2nd.
NBT Bancorp Company Profile
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 commercial and industrial, commercial real estate, agricultural, and commercial construction loans; indirect and direct consumer, home equity, direct loans, mortgages, business banking loans, and commercial loans; and residential real estate loans.
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