Tudor Investment Corp ET AL Acquires Shares of 117,013 NBT Bancorp Inc. $NBTB

Tudor Investment Corp ET AL bought a new position in NBT Bancorp Inc. (NASDAQ:NBTB) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 117,013 shares of the bank’s stock, valued at approximately $4,886,000. Tudor Investment Corp ET AL owned about 0.22% of NBT Bancorp at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Amalgamated Bank boosted its stake in shares of NBT Bancorp by 1.9% in the 3rd quarter. Amalgamated Bank now owns 14,993 shares of the bank’s stock valued at $626,000 after purchasing an additional 282 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of NBT Bancorp by 7.0% during the second quarter. Ameritas Investment Partners Inc. now owns 5,150 shares of the bank’s stock worth $214,000 after buying an additional 335 shares during the last quarter. Asset Dedication LLC lifted its holdings in NBT Bancorp by 6.1% in the second quarter. Asset Dedication LLC now owns 7,042 shares of the bank’s stock valued at $293,000 after buying an additional 402 shares during the period. Stablepoint Partners LLC lifted its holdings in NBT Bancorp by 4.9% in the second quarter. Stablepoint Partners LLC now owns 10,582 shares of the bank’s stock valued at $440,000 after buying an additional 495 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in NBT Bancorp by 1,645.9% in the second quarter. EverSource Wealth Advisors LLC now owns 646 shares of the bank’s stock valued at $27,000 after acquiring an additional 609 shares during the last quarter. 58.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NBT Bancorp

In other NBT Bancorp news, Director Timothy E. Delaney bought 22,730 shares of the firm’s stock in a transaction on Wednesday, January 28th. The stock was purchased at an average cost of $42.97 per share, with a total value of $976,708.10. Following the completion of the purchase, the director owned 74,615 shares in the company, valued at approximately $3,206,206.55. The trade was a 43.81% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Amy Wiles sold 4,435 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $45.72, for a total value of $202,768.20. Following the completion of the sale, the executive vice president owned 21,500 shares of the company’s stock, valued at $982,980. This trade represents a 17.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 3.03% of the company’s stock.

NBT Bancorp Stock Up 1.2%

Shares of NASDAQ NBTB opened at $42.47 on Thursday. The stock has a market cap of $2.22 billion, a P/E ratio of 12.87 and a beta of 0.50. The firm has a 50 day moving average price of $43.66 and a 200 day moving average price of $42.54. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.88 and a current ratio of 0.88. NBT Bancorp Inc. has a 52-week low of $37.31 and a 52-week high of $46.92.

NBT Bancorp (NASDAQ:NBTB) last posted its earnings results on Monday, January 26th. The bank reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.06. The company had revenue of $185.14 million for the quarter, compared to analyst estimates of $183.63 million. NBT Bancorp had a net margin of 18.67% and a return on equity of 10.86%. Analysts expect that NBT Bancorp Inc. will post 3.69 EPS for the current year.

NBT Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Monday, March 2nd. NBT Bancorp’s dividend payout ratio (DPR) is presently 44.85%.

Analyst Upgrades and Downgrades

A number of research firms have commented on NBTB. Weiss Ratings raised shares of NBT Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. DA Davidson began coverage on NBT Bancorp in a research note on Wednesday, February 25th. They issued a “buy” rating and a $54.00 price target on the stock. Janney Montgomery Scott lowered NBT Bancorp from a “buy” rating to a “neutral” rating in a research report on Monday, February 23rd. Piper Sandler assumed coverage on NBT Bancorp in a research note on Monday, March 16th. They set an “overweight” rating and a $50.00 price objective for the company. Finally, Brean Capital downgraded NBT Bancorp from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $52.00.

NBT Bancorp Profile

NBT Bancorp, Inc (NASDAQ: NBTB) is the bank holding company for NBT Bank, N.A., a full-service commercial bank that serves both individual and corporate clients across the Northeastern United States. Through its branch network and digital channels, the company offers a comprehensive range of commercial banking services, including business lending, treasury management, cash management and specialized industry financing. Its consumer banking platform provides checking and savings accounts, certificates of deposit, home mortgages, home equity lines of credit and other lending solutions tailored to meet personal and household financial needs.

In addition to traditional banking, NBT Bancorp delivers wealth management and fiduciary services through its trust division, offering investment advisory, trust administration, retirement planning and estate settlement.