Royal Bank of Canada lifted its position in shares of NBT Bancorp Inc. (NASDAQ:NBTB) by 47.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 27,985 shares of the bank’s stock after purchasing an additional 8,979 shares during the quarter. Royal Bank of Canada’s holdings in NBT Bancorp were worth $1,049,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC grew its holdings in shares of NBT Bancorp by 1.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 98,577 shares of the bank’s stock worth $3,697,000 after purchasing an additional 1,438 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of NBT Bancorp by 27.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 12,829 shares of the bank’s stock worth $480,000 after purchasing an additional 2,770 shares in the last quarter. Advisory Services Network LLC boosted its stake in NBT Bancorp by 316.7% in the 2nd quarter. Advisory Services Network LLC now owns 1,546 shares of the bank’s stock valued at $58,000 after buying an additional 1,175 shares in the last quarter. Aperio Group LLC boosted its stake in NBT Bancorp by 1.9% in the 2nd quarter. Aperio Group LLC now owns 16,373 shares of the bank’s stock valued at $614,000 after buying an additional 309 shares in the last quarter. Finally, Morgan Stanley boosted its stake in NBT Bancorp by 98.2% in the 2nd quarter. Morgan Stanley now owns 232,626 shares of the bank’s stock valued at $8,727,000 after buying an additional 115,235 shares in the last quarter. 54.60% of the stock is currently owned by institutional investors.

NBTB stock traded down $0.09 during trading on Wednesday, hitting $37.75. The company had a trading volume of 476 shares, compared to its average volume of 115,547. The company has a fifty day moving average price of $36.56 and a two-hundred day moving average price of $36.90. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17. The company has a market cap of $1.66 billion, a P/E ratio of 14.76 and a beta of 0.85. NBT Bancorp Inc. has a fifty-two week low of $30.36 and a fifty-two week high of $39.58.

NBT Bancorp (NASDAQ:NBTB) last announced its quarterly earnings results on Monday, July 22nd. The bank reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.03. The business had revenue of $112.87 million for the quarter, compared to analyst estimates of $112.65 million. NBT Bancorp had a return on equity of 11.47% and a net margin of 24.08%. During the same quarter in the previous year, the firm earned $0.64 EPS. On average, analysts expect that NBT Bancorp Inc. will post 2.63 earnings per share for the current year.

NBTB has been the topic of several recent analyst reports. Piper Jaffray Companies set a $38.00 price target on NBT Bancorp and gave the company a “hold” rating in a research note on Wednesday, August 7th. Boenning Scattergood reaffirmed a “neutral” rating on shares of NBT Bancorp in a research note on Wednesday, July 24th. BidaskClub raised NBT Bancorp from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 17th. Finally, Zacks Investment Research lowered NBT Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, July 27th.

NBT Bancorp Profile

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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Institutional Ownership by Quarter for NBT Bancorp (NASDAQ:NBTB)

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