NBT Bancorp Inc. (NASDAQ:NBTB) Shares Sold by Savant Capital LLC

Savant Capital LLC decreased its holdings in shares of NBT Bancorp Inc. (NASDAQ:NBTB) by 53.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,256 shares of the bank’s stock after selling 37,758 shares during the quarter. Savant Capital LLC’s holdings in NBT Bancorp were worth $1,588,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Crews Bank & Trust acquired a new stake in NBT Bancorp during the fourth quarter worth about $98,000. KBC Group NV raised its stake in NBT Bancorp by 47.5% during the fourth quarter. KBC Group NV now owns 2,152 shares of the bank’s stock worth $103,000 after acquiring an additional 693 shares during the period. Burney Co. acquired a new stake in NBT Bancorp during the fourth quarter worth about $441,000. Assenagon Asset Management S.A. acquired a new stake in NBT Bancorp during the fourth quarter worth about $12,007,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in NBT Bancorp by 55.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 224,874 shares of the bank’s stock worth $9,946,000 after acquiring an additional 80,232 shares during the period. Institutional investors and hedge funds own 58.46% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on NBTB. DA Davidson began coverage on shares of NBT Bancorp in a research note on Thursday, December 12th. They issued a “neutral” rating and a $60.00 price target on the stock. Keefe, Bruyette & Woods raised their price target on shares of NBT Bancorp from $50.00 to $55.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. StockNews.com lowered shares of NBT Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, January 16th. Finally, Stephens upgraded shares of NBT Bancorp from an “equal weight” rating to an “overweight” rating and set a $53.00 price target on the stock in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, NBT Bancorp has an average rating of “Moderate Buy” and an average price target of $51.75.

Insider Activity

In related news, EVP Amy Wiles sold 500 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $51.31, for a total transaction of $25,655.00. Following the completion of the sale, the executive vice president now directly owns 27,409 shares in the company, valued at approximately $1,406,355.79. This trade represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Heidi M. Hoeller bought 678 shares of NBT Bancorp stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average price of $48.45 per share, with a total value of $32,849.10. Following the completion of the acquisition, the director now directly owns 6,437 shares of the company’s stock, valued at $311,872.65. This represents a 11.77 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 15,694 shares of company stock worth $778,535 over the last three months. Corporate insiders own 3.32% of the company’s stock.

NBT Bancorp Trading Up 0.6 %

NBT Bancorp stock opened at $48.04 on Friday. The firm has a 50 day simple moving average of $48.38 and a 200-day simple moving average of $47.11. 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 stock has a market capitalization of $2.27 billion, a PE ratio of 16.23 and a beta of 0.52. NBT Bancorp Inc. has a 12-month low of $32.79 and a 12-month high of $52.44.

NBT Bancorp (NASDAQ:NBTB) last posted its quarterly earnings data on Monday, January 27th. The bank reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.01). NBT Bancorp had a net margin of 17.84% and a return on equity of 9.39%. During the same quarter in the prior year, the firm earned $0.72 earnings per share. As a group, equities research analysts expect that NBT Bancorp Inc. will post 3.69 EPS for the current fiscal year.

NBT Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Monday, March 3rd. NBT Bancorp’s dividend payout ratio (DPR) is presently 45.95%.

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 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.