Dimensional Fund Advisors LP Raises Position in NBT Bancorp Inc. (NASDAQ:NBTB)

Dimensional Fund Advisors LP lifted its stake in NBT Bancorp Inc. (NASDAQ:NBTB – Get Rating) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,967,133 shares of the bank’s stock after purchasing an additional 8,579 shares during the quarter. Dimensional Fund Advisors LP owned about 4.59% of NBT Bancorp worth $85,414,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of NBTB. Goldman Sachs Group Inc. lifted its stake in shares of NBT Bancorp by 136.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 436,135 shares of the bank’s stock worth $16,394,000 after acquiring an additional 251,323 shares during the last quarter. Invesco Ltd. lifted its position in shares of NBT Bancorp by 163.7% during the first quarter. Invesco Ltd. now owns 316,061 shares of the bank’s stock worth $11,420,000 after purchasing an additional 196,226 shares during the last quarter. State Street Corp grew its holdings in shares of NBT Bancorp by 9.1% in the first quarter. State Street Corp now owns 1,909,226 shares of the bank’s stock worth $68,980,000 after purchasing an additional 159,606 shares during the last quarter. Vanguard Group Inc. increased its stake in NBT Bancorp by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 4,888,341 shares of the bank’s stock worth $185,512,000 after buying an additional 96,461 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in NBT Bancorp by 50.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 212,526 shares of the bank’s stock valued at $9,228,000 after buying an additional 70,828 shares in the last quarter. Institutional investors own 55.87% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Raymond James decreased their price target on shares of NBT Bancorp from $49.00 to $47.00 and set a “strong-buy” rating for the company in a research note on Thursday, April 6th. Keefe, Bruyette & Woods lowered their target price on NBT Bancorp from $42.00 to $37.50 and set a “market perform” rating for the company in a report on Thursday, April 6th. StockNews.com started coverage on NBT Bancorp in a research note on Thursday, May 18th. They set a “sell” rating on the stock. Finally, Stephens lowered their price objective on shares of NBT Bancorp from $47.00 to $42.00 in a research note on Thursday, January 26th.

NBT Bancorp Trading Up 0.5 %

Shares of NASDAQ:NBTB opened at $35.49 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $1.52 billion, a PE ratio of 10.44 and a beta of 0.54. NBT Bancorp Inc. has a 12-month low of $27.52 and a 12-month high of $48.68. The business’s fifty day simple moving average is $33.40 and its 200-day simple moving average is $39.24.

NBT Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be issued a $0.30 dividend. The ex-dividend date is Wednesday, May 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.38%. NBT Bancorp’s dividend payout ratio is presently 35.29%.

Insider Buying and Selling at NBT Bancorp

In other news, Director Timothy E. Delaney acquired 40,000 shares of NBT Bancorp stock in a transaction that occurred on Tuesday, May 2nd. The stock was purchased at an average price of $29.77 per share, for a total transaction of $1,190,800.00. Following the purchase, the director now directly owns 76,535 shares in the company, valued at approximately $2,278,446.95. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other NBT Bancorp news, CFO Scott Allen Kingsley bought 2,310 shares of the company’s stock in a transaction that occurred on Tuesday, March 7th. The shares were purchased at an average cost of $38.50 per share, for a total transaction of $88,935.00. Following the purchase, the chief financial officer now directly owns 21,796 shares in the company, valued at $839,146. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Timothy E. Delaney purchased 40,000 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The stock was acquired at an average price of $29.77 per share, with a total value of $1,190,800.00. Following the completion of the purchase, the director now owns 76,535 shares of the company’s stock, valued at approximately $2,278,446.95. The disclosure for this purchase can be found here. Insiders own 3.53% of the company’s stock.

NBT Bancorp Profile

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NBT Bancorp, Inc is a holding company, which engages in the provision of financial solutions. It offers commercial banking, retail banking, and wealth management, as well as trust and investment services. The company was founded in 1986 and is headquartered in Norwich, NY.