Louisiana State Employees Retirement System Invests $988,000 in NBT Bancorp Inc. $NBTB

Posted by Geri Gentry on Jul 5th, 2026

Louisiana State Employees Retirement System purchased a new stake in NBT Bancorp Inc. (NASDAQ:NBTB – Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 23,200 shares of the bank’s stock, valued at approximately $988,000.

A number of other large investors have also recently bought and sold shares of NBTB. EverSource Wealth Advisors LLC grew its position in NBT Bancorp by 1,645.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 646 shares of the bank’s stock worth $27,000 after purchasing an additional 609 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of NBT Bancorp by 13,316.7% in the third quarter. Larson Financial Group LLC now owns 805 shares of the bank’s stock valued at $34,000 after buying an additional 799 shares during the last quarter. Global Retirement Partners LLC boosted its stake in shares of NBT Bancorp by 62.5% during the fourth quarter. Global Retirement Partners LLC now owns 1,037 shares of the bank’s stock worth $43,000 after buying an additional 399 shares during the period. Allworth Financial LP acquired a new stake in shares of NBT Bancorp during the third quarter worth about $46,000. Finally, Quadrant Capital Group LLC purchased a new position in shares of NBT Bancorp during the fourth quarter worth about $64,000. Institutional investors and hedge funds own 58.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on NBTB shares. Weiss Ratings upgraded NBT Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, April 24th. Hovde Group lowered their target price on NBT Bancorp from $47.00 to $46.50 and set a “market perform” rating on the stock in a research note on Monday, April 27th. DA Davidson reissued a “buy” rating and issued a $52.00 target price on shares of NBT Bancorp in a report on Monday, April 27th. Finally, Piper Sandler upped their price target on NBT Bancorp from $50.00 to $56.00 and gave the stock an “overweight” rating in a research note on Friday, June 26th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $51.50.

Get Our Latest Report on NBTB

Insiders Place Their Bets

In other NBT Bancorp news, EVP Ruth H. Mahoney sold 5,000 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $46.60, for a total value of $233,000.00. Following the completion of the sale, the executive vice president owned 16,428 shares of the company’s stock, valued at approximately $765,544.80. This trade represents a 23.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Heidi M. Hoeller sold 2,100 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $48.03, for a total transaction of $100,863.00. Following the completion of the transaction, the director owned 11,560 shares of the company’s stock, valued at $555,226.80. This represents a 15.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.99% of the company’s stock.

NBT Bancorp Stock Performance

Shares of NBT Bancorp stock opened at $50.08 on Friday. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 14.27 and a beta of 0.48. NBT Bancorp Inc. has a 52-week low of $39.19 and a 52-week high of $51.09. The company’s 50-day simple moving average is $46.37 and its 200-day simple moving average is $44.54. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.09.

NBT Bancorp (NASDAQ:NBTB – Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The bank reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.01). NBT Bancorp had a net margin of 19.59% and a return on equity of 11.06%. The business had revenue of $184.48 million during the quarter, compared to analysts’ expectations of $185.35 million. As a group, equities research analysts anticipate that NBT Bancorp Inc. will post 4.14 earnings per share for the current year.

NBT Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Monday, June 1st. NBT Bancorp’s dividend payout ratio is currently 42.17%.

About NBT Bancorp

(Free Report)

NBT Bancorp, Inc (NASDAQ: NBTB) is the bank holding company for NBT Bank, N.A., a full-service commercial bank that serves both individual and corporate clients across the Northeastern United States. Through its branch network and digital channels, the company offers a comprehensive range of commercial banking services, including business lending, treasury management, cash management and specialized industry financing. Its consumer banking platform provides checking and savings accounts, certificates of deposit, home mortgages, home equity lines of credit and other lending solutions tailored to meet personal and household financial needs.

In addition to traditional banking, NBT Bancorp delivers wealth management and fiduciary services through its trust division, offering investment advisory, trust administration, retirement planning and estate settlement.