Community Bank N.A. Purchases 2,462 Shares of NBT Bancorp Inc. (NBTB)
Community Bank N.A. boosted its position in NBT Bancorp Inc. (NASDAQ:NBTB) by 3.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,677 shares of the company’s stock after buying an additional 2,462 shares during the period. Community Bank N.A. owned about 0.15% of NBT Bancorp worth $2,158,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its stake in NBT Bancorp by 77.5% in the second quarter. Victory Capital Management Inc. now owns 4,270 shares of the company’s stock worth $122,000 after buying an additional 1,864 shares during the last quarter. Bank of Montreal Can purchased a new stake in NBT Bancorp during the second quarter worth $137,000. Societe Generale purchased a new stake in NBT Bancorp during the second quarter worth $141,000. SG Americas Securities LLC purchased a new stake in NBT Bancorp during the second quarter worth $141,000. Finally, PineBridge Investments L.P. increased its stake in NBT Bancorp by 3.4% in the second quarter. PineBridge Investments L.P. now owns 5,447 shares of the company’s stock worth $156,000 after buying an additional 177 shares during the last quarter. Institutional investors own 47.85% of the company’s stock.
NBT Bancorp Inc. (NASDAQ:NBTB) traded down 1.74% on Monday, reaching $38.86. The company’s stock had a trading volume of 122,087 shares. The firm’s 50-day moving average price is $35.33 and its 200-day moving average price is $31.57. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 21.83 and a beta of 0.79. NBT Bancorp Inc. has a 52-week low of $23.81 and a 52-week high of $40.96.
NBT Bancorp (NASDAQ:NBTB) last issued its earnings results on Monday, October 24th. The company reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.01. The firm had revenue of $96.31 million for the quarter. NBT Bancorp had a return on equity of 8.73% and a net margin of 19.35%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 EPS. On average, equities analysts expect that NBT Bancorp Inc. will post $1.80 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Tuesday, November 29th. NBT Bancorp’s dividend payout ratio is presently 51.69%.
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A number of equities research analysts recently commented on NBTB shares. Zacks Investment Research downgraded NBT Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, September 28th. Piper Jaffray Cos. downgraded NBT Bancorp from a “neutral” rating to an “underweight” rating and set a $31.00 price objective for the company. in a report on Wednesday, November 16th. Finally, Boenning Scattergood downgraded NBT Bancorp from a “neutral” rating to an “underperform” rating and set a $33.50 price objective for the company. in a report on Thursday, November 17th.
In other NBT Bancorp news, CEO Martin A. Dietrich sold 21,741 shares of the firm’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $40.20, for a total value of $873,988.20. Following the sale, the chief executive officer now owns 186,920 shares of the company’s stock, valued at approximately $7,514,184. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Martin A. Dietrich sold 25,000 shares of the firm’s stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $32.67, for a total value of $816,750.00. Following the completion of the sale, the chief executive officer now directly owns 191,345 shares in the company, valued at approximately $6,251,241.15. The disclosure for this sale can be found here. 2.83% of the stock is owned by company insiders.
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 other subsidiaries, which provide 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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