NBT Bancorp Inc. $NBTB Shares Acquired by Stone House Investment Management LLC

Stone House Investment Management LLC boosted its position in NBT Bancorp Inc. (NASDAQ:NBTB) by 151.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,164 shares of the bank’s stock after buying an additional 3,113 shares during the quarter. Stone House Investment Management LLC’s holdings in NBT Bancorp were worth $215,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of NBTB. PL Capital Advisors LLC acquired a new position in shares of NBT Bancorp in the 2nd quarter worth approximately $16,326,000. Bank of Montreal Can lifted its stake in NBT Bancorp by 10.5% during the second quarter. Bank of Montreal Can now owns 10,724 shares of the bank’s stock worth $446,000 after purchasing an additional 1,021 shares during the last quarter. Amalgamated Bank boosted its holdings in NBT Bancorp by 9.3% in the second quarter. Amalgamated Bank now owns 14,711 shares of the bank’s stock worth $611,000 after purchasing an additional 1,254 shares during the period. HBK Sorce Advisory LLC bought a new stake in NBT Bancorp during the second quarter valued at $513,000. Finally, Hantz Financial Services Inc. bought a new stake in NBT Bancorp during the second quarter valued at $33,000. Institutional investors own 58.46% of the company’s stock.

NBT Bancorp Stock Up 2.4%

NBTB stock opened at $41.72 on Thursday. The firm’s 50-day moving average is $42.01 and its two-hundred day moving average is $42.24. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 13.91 and a beta of 0.55. NBT Bancorp Inc. has a 52 week low of $37.31 and a 52 week high of $52.44. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.10.

NBT Bancorp (NASDAQ:NBTB) last posted its quarterly earnings data on Monday, October 27th. The bank reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.08. NBT Bancorp had a net margin of 17.24% and a return on equity of 10.35%. The business had revenue of $186.07 million during the quarter, compared to analysts’ expectations of $183.87 million. On average, analysts forecast that NBT Bancorp Inc. will post 3.69 earnings per share for the current fiscal year.

NBT Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.37 per share. The ex-dividend date is Monday, December 1st. This represents a $1.48 annualized dividend and a dividend yield of 3.5%. NBT Bancorp’s dividend payout ratio (DPR) is 49.33%.

Insiders Place Their Bets

In other NBT Bancorp news, Director David J. Nasca sold 19,603 shares of the business’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $43.42, for a total value of $851,162.26. Following the sale, the director directly owned 82,910 shares in the company, valued at approximately $3,599,952.20. The trade was a 19.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Timothy E. Delaney purchased 2,000 shares of the business’s stock in a transaction on Friday, October 31st. The stock was acquired at an average cost of $40.50 per share, with a total value of $81,000.00. Following the completion of the acquisition, the director directly owned 41,885 shares in the company, valued at $1,696,342.50. The trade was a 5.01% increase in their position. The SEC filing for this purchase provides additional information. 3.03% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NBTB shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NBT Bancorp in a report on Wednesday, October 8th. Wall Street Zen raised shares of NBT Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Janney Montgomery Scott raised NBT Bancorp to a “strong-buy” rating in a report on Wednesday, October 22nd. DA Davidson cut NBT Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Finally, Piper Sandler set a $47.00 price target on NBT Bancorp and gave the stock an “overweight” rating in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $52.00.

NBT Bancorp Company 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 indirect and direct consumer, home equity, mortgages, business banking loans, and commercial loans; commercial and industrial, commercial real estate, agricultural, and commercial construction loans; and residential real estate loans.