BidaskClub lowered shares of NBT Bancorp (NASDAQ:NBTB) from a hold rating to a sell rating in a research note published on Thursday morning.

Separately, Zacks Investment Research lowered shares of NBT Bancorp from a hold rating to a sell rating in a research report on Tuesday, February 5th.

NBTB traded up $0.09 during midday trading on Thursday, hitting $37.41. 102,222 shares of the company’s stock traded hands, compared to its average volume of 78,696. The firm has a market cap of $1.65 billion, a PE ratio of 14.62 and a beta of 0.88. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.85 and a current ratio of 0.85. NBT Bancorp has a one year low of $30.36 and a one year high of $41.88.

NBT Bancorp (NASDAQ:NBTB) last issued its quarterly earnings data on Monday, January 28th. The bank reported $0.65 earnings per share for the quarter, meeting the consensus estimate of $0.65. The firm had revenue of $104.82 million for the quarter, compared to analyst estimates of $110.75 million. NBT Bancorp had a net margin of 24.00% and a return on equity of 11.42%. During the same quarter last year, the firm earned $0.50 earnings per share. On average, sell-side analysts anticipate that NBT Bancorp will post 2.62 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be issued a dividend of $0.26 per share. The ex-dividend date is Thursday, February 28th. This represents a $1.04 annualized dividend and a yield of 2.78%. NBT Bancorp’s dividend payout ratio (DPR) is presently 40.63%.

In other NBT Bancorp news, CFO Michael J. Chewens sold 4,634 shares of the stock in a transaction that occurred on Wednesday, January 16th. The stock was sold at an average price of $36.33, for a total transaction of $168,353.22. Following the transaction, the chief financial officer now owns 60,556 shares in the company, valued at $2,199,999.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 3.23% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC acquired a new position in NBT Bancorp during the fourth quarter valued at approximately $30,000. Advisors Preferred LLC acquired a new position in NBT Bancorp during the fourth quarter valued at approximately $64,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in NBT Bancorp by 23.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,053 shares of the bank’s stock valued at $106,000 after purchasing an additional 570 shares during the last quarter. Bank of Montreal Can grew its holdings in NBT Bancorp by 58.6% during the fourth quarter. Bank of Montreal Can now owns 3,885 shares of the bank’s stock valued at $135,000 after purchasing an additional 1,436 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in NBT Bancorp during the fourth quarter valued at approximately $152,000. Institutional investors own 53.39% of the company’s stock.

About NBT Bancorp

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, as well as development loans.

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