New York State Teachers Retirement System maintained its position in NBT Bancorp Inc. (NASDAQ:NBTB) during the fourth quarter, Holdings Channel reports. The firm owned 47,315 shares of the company’s stock at the end of the fourth quarter. New York State Teachers Retirement System’s holdings in NBT Bancorp were worth $1,982,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new position in NBT Bancorp during the third quarter valued at approximately $198,000. Two Sigma Securities LLC acquired a new position in NBT Bancorp during the third quarter valued at approximately $204,000. Neuberger Berman Group LLC acquired a new position in NBT Bancorp during the third quarter valued at approximately $213,000. Russell Investments Group Ltd. acquired a new position in NBT Bancorp during the fourth quarter valued at approximately $239,000. Finally, Aperio Group LLC boosted its position in NBT Bancorp by 6.7% in the third quarter. Aperio Group LLC now owns 9,368 shares of the company’s stock valued at $308,000 after buying an additional 591 shares during the last quarter. Institutional investors and hedge funds own 48.45% of the company’s stock.
NBT Bancorp Inc. (NASDAQ:NBTB) opened at 40.11 on Tuesday. The stock has a market capitalization of $1.74 billion, a PE ratio of 22.28 and a beta of 0.87. The stock has a 50 day moving average price of $40.53 and a 200-day moving average price of $37.75. NBT Bancorp Inc. has a 12-month low of $25.67 and a 12-month high of $42.56.
NBT Bancorp (NASDAQ:NBTB) last announced its earnings results on Monday, January 23rd. The company reported $0.45 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.45. NBT Bancorp had a return on equity of 8.71% and a net margin of 19.47%. During the same period in the previous year, the company posted $0.43 EPS. On average, equities analysts anticipate that NBT Bancorp Inc. will post $1.90 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st were issued a $0.23 dividend. The ex-dividend date of this dividend was Monday, February 27th. This represents a $0.92 dividend on an annualized basis and a yield of 2.29%. NBT Bancorp’s dividend payout ratio is currently 51.11%.
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Separately, Zacks Investment Research upgraded NBT Bancorp from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Friday, January 27th.
In related news, Director Martin A. Dietrich sold 15,000 shares of the firm’s stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $41.74, for a total value of $626,100.00. Following the transaction, the director now directly owns 108,409 shares of the company’s stock, valued at approximately $4,524,991.66. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Martin A. Dietrich sold 13,641 shares of the firm’s stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $39.73, for a total value of $541,956.93. Following the completion of the transaction, the director now directly owns 136,692 shares in the company, valued at $5,430,773.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 117,041 shares of company stock worth $4,800,675. 2.83% of the stock is owned by insiders.
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 other subsidiaries, which provide 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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