NBT Bancorp Inc. (NASDAQ:NBTB) Shares Bought by Thrivent Financial For Lutherans
Thrivent Financial For Lutherans raised its position in shares of NBT Bancorp Inc. (NASDAQ:NBTB) by 5.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,620 shares of the bank’s stock after buying an additional 1,330 shares during the period. Thrivent Financial For Lutherans owned 0.06% of NBT Bancorp worth $913,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in NBT Bancorp during the fourth quarter worth about $20,182,000. Bank of New York Mellon Corp increased its stake in NBT Bancorp by 28.9% in the first quarter. Bank of New York Mellon Corp now owns 796,715 shares of the bank’s stock worth $29,534,000 after buying an additional 178,423 shares in the last quarter. State Street Corp increased its stake in NBT Bancorp by 13.9% in the fourth quarter. State Street Corp now owns 1,092,535 shares of the bank’s stock worth $45,754,000 after buying an additional 133,238 shares in the last quarter. Chicago Equity Partners LLC purchased a new stake in NBT Bancorp during the first quarter worth about $950,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in NBT Bancorp during the first quarter worth about $665,000. 49.90% of the stock is owned by institutional investors.
Shares of NBT Bancorp Inc. (NBTB) traded up 1.05% on Friday, reaching $35.70. The company had a trading volume of 56,462 shares. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 19.19 and a beta of 0.88. NBT Bancorp Inc. has a 52 week low of $29.59 and a 52 week high of $42.56. The stock’s 50 day moving average is $36.80 and its 200 day moving average is $38.20.
NBT Bancorp (NASDAQ:NBTB) last released its earnings results on Monday, July 24th. The bank reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. NBT Bancorp had a net margin of 19.68% and a return on equity of 8.81%. The company had revenue of $99.93 million during the quarter, compared to analysts’ expectations of $100.91 million. During the same quarter last year, the business earned $0.46 EPS. On average, equities analysts anticipate that NBT Bancorp Inc. will post $1.95 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a $0.23 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.58%. NBT Bancorp’s dividend payout ratio is presently 49.46%.
A number of equities analysts have recently commented on NBTB shares. Zacks Investment Research raised NBT Bancorp from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research note on Thursday, April 27th. BidaskClub upgraded NBT Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, June 9th. Keefe, Bruyette & Woods restated a “hold” rating and set a $38.50 price target on shares of NBT Bancorp in a research report on Tuesday, July 25th. ValuEngine upgraded NBT Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $35.00 price target on shares of NBT Bancorp in a research report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. NBT Bancorp has a consensus rating of “Hold” and an average price target of $36.75.
In other news, Director John C. Mitchell sold 1,438 shares of NBT Bancorp stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $35.48, for a total transaction of $51,020.24. Following the completion of the sale, the director now directly owns 32,781 shares in the company, valued at $1,163,069.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John C. Mitchell sold 1,570 shares of NBT Bancorp stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $36.27, for a total transaction of $56,943.90. Following the sale, the director now owns 34,219 shares of the company’s stock, valued at $1,241,123.13. The disclosure for this sale can be found here. Company insiders own 2.83% of the company’s stock.
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.
Receive News & Stock Ratings for NBT Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NBT Bancorp Inc. and related stocks with our FREE daily email newsletter.