De Lisle Partners LLP Acquires New Position in NBT Bancorp Inc. (NASDAQ:NBTB)

De Lisle Partners LLP acquired a new stake in NBT Bancorp Inc. (NASDAQ:NBTB) during the third quarter, Holdings Channel.com reports. The fund acquired 5,033 shares of the bank’s stock, valued at approximately $223,000.

A number of other hedge funds have also added to or reduced their stakes in NBTB. GAMMA Investing LLC increased its stake in NBT Bancorp by 47.9% in the third quarter. GAMMA Investing LLC now owns 778 shares of the bank’s stock valued at $34,000 after acquiring an additional 252 shares during the last quarter. US Bancorp DE bought a new position in NBT Bancorp in the third quarter valued at approximately $57,000. Quest Partners LLC bought a new position in NBT Bancorp in the third quarter valued at approximately $57,000. AQR Capital Management LLC bought a new position in NBT Bancorp in the second quarter valued at approximately $214,000. Finally, Focused Wealth Management Inc bought a new position in NBT Bancorp in the third quarter valued at approximately $217,000. 58.46% of the stock is owned by institutional investors.

Insider Transactions at NBT Bancorp

In related news, Director V Daniel Robinson II sold 20,000 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $44.10, for a total value of $882,000.00. Following the transaction, the director now owns 517,558 shares in the company, valued at $22,824,307.80. The trade was a 3.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jack H. Webb sold 10,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $50.06, for a total transaction of $500,600.00. Following the completion of the transaction, the director now owns 45,018 shares in the company, valued at approximately $2,253,601.08. The trade was a 18.18 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 182,556 shares of company stock worth $8,540,290. Company insiders own 3.32% of the company’s stock.

NBT Bancorp Stock Performance

Shares of NBT Bancorp stock opened at $50.08 on Friday. NBT Bancorp Inc. has a fifty-two week low of $32.79 and a fifty-two week high of $52.31. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market capitalization of $2.36 billion, a P/E ratio of 17.63 and a beta of 0.49. The company’s 50 day moving average price is $46.21 and its two-hundred day moving average price is $43.48.

NBT Bancorp (NASDAQ:NBTB) last issued its earnings results on Monday, October 28th. The bank reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.02. The firm had revenue of $202.00 million for the quarter, compared to analyst estimates of $144.70 million. NBT Bancorp had a net margin of 17.37% and a return on equity of 9.36%. During the same quarter last year, the business posted $0.84 earnings per share. On average, equities analysts forecast that NBT Bancorp Inc. will post 2.91 earnings per share for the current fiscal year.

NBT Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.34 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.72%. NBT Bancorp’s dividend payout ratio (DPR) is presently 47.89%.

Analyst Ratings Changes

NBTB has been the topic of a number of recent analyst reports. Stephens reissued an “equal weight” rating and issued a $49.00 price objective on shares of NBT Bancorp in a research note on Tuesday, September 10th. StockNews.com lowered shares of NBT Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $42.60.

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 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.