NBT Bancorp Inc. (NBTB) Holdings Raised by Teachers Advisors LLC
Teachers Advisors LLC boosted its position in shares of NBT Bancorp Inc. (NASDAQ:NBTB) by 8.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 78,298 shares of the bank’s stock after acquiring an additional 6,135 shares during the period. Teachers Advisors LLC owned 0.18% of NBT Bancorp worth $2,893,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NBTB. Ameritas Investment Partners Inc. bought a new stake in NBT Bancorp during the 1st quarter worth approximately $136,000. Bank of Montreal Can raised its stake in NBT Bancorp by 37.2% during the 2nd quarter. Bank of Montreal Can now owns 4,021 shares of the bank’s stock worth $149,000 after acquiring an additional 1,090 shares during the period. Neuberger Berman Group LLC raised its stake in NBT Bancorp by 0.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 5,867 shares of the bank’s stock worth $217,000 after acquiring an additional 47 shares during the period. National Planning Corp bought a new stake in NBT Bancorp during the 2nd quarter worth approximately $219,000. Finally, SG Americas Securities LLC raised its stake in NBT Bancorp by 153.5% during the 1st quarter. SG Americas Securities LLC now owns 7,869 shares of the bank’s stock worth $292,000 after acquiring an additional 4,765 shares during the period. Institutional investors own 49.20% of the company’s stock.
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Shares of NBT Bancorp Inc. (NASDAQ NBTB) opened at 37.26 on Wednesday. The firm’s 50-day moving average is $35.03 and its 200-day moving average is $36.15. NBT Bancorp Inc. has a one year low of $31.28 and a one year high of $42.56. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 20.03 and a beta of 0.91.
NBT Bancorp (NASDAQ:NBTB) last announced its earnings results on Monday, July 24th. The bank reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The business had revenue of $99.93 million during the quarter, compared to the consensus estimate of $100.91 million. NBT Bancorp had a return on equity of 8.81% and a net margin of 19.68%. During the same period in the prior year, the company posted $0.46 EPS. Equities research analysts forecast that NBT Bancorp Inc. will post $1.95 EPS for the current year.
A number of equities research analysts have commented on the stock. Piper Jaffray Companies restated a “hold” rating and set a $35.50 target price on shares of NBT Bancorp in a research note on Friday, July 14th. BidaskClub cut shares of NBT Bancorp from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Zacks Investment Research cut shares of NBT Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, September 8th. ValuEngine cut shares of NBT Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $38.00 target price on shares of NBT Bancorp in a research note on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. NBT Bancorp has an average rating of “Hold” and a consensus target price of $35.88.
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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