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

Yousif Capital Management LLC decreased its position in NBT Bancorp Inc. (NASDAQ:NBTB) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,254 shares of the bank’s stock after selling 1,020 shares during the quarter. Yousif Capital Management LLC’s holdings in NBT Bancorp were worth $975,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in NBT Bancorp by 69.9% during the 4th quarter. Blue Trust Inc. now owns 671 shares of the bank’s stock valued at $28,000 after purchasing an additional 276 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of NBT Bancorp by 4.5% during the third quarter. Oregon Public Employees Retirement Fund now owns 14,014 shares of the bank’s stock valued at $444,000 after acquiring an additional 600 shares in the last quarter. Maryland State Retirement & Pension System increased its position in shares of NBT Bancorp by 4.1% during the third quarter. Maryland State Retirement & Pension System now owns 17,396 shares of the bank’s stock worth $551,000 after acquiring an additional 681 shares during the last quarter. Longfellow Investment Management Co. LLC acquired a new position in shares of NBT Bancorp in the third quarter worth about $27,000. Finally, New York State Common Retirement Fund boosted its holdings in NBT Bancorp by 5.3% in the fourth quarter. New York State Common Retirement Fund now owns 18,300 shares of the bank’s stock valued at $767,000 after purchasing an additional 926 shares during the last quarter. Hedge funds and other institutional investors own 58.46% of the company’s stock.

NBT Bancorp Stock Up 1.0 %

Shares of NBT Bancorp stock opened at $36.89 on Friday. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 14.24 and a beta of 0.52. NBT Bancorp Inc. has a twelve month low of $27.52 and a twelve month high of $43.77. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17. The business’s 50 day simple moving average is $34.95 and its 200-day simple moving average is $36.37.

NBT Bancorp (NASDAQ:NBTB) last posted its earnings results on Tuesday, April 23rd. The bank reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. NBT Bancorp had a return on equity of 10.20% and a net margin of 16.71%. The company had revenue of $192.33 million for the quarter, compared to analysts’ expectations of $135.01 million. During the same period last year, the business posted $0.88 earnings per share. Equities research analysts forecast that NBT Bancorp Inc. will post 2.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

NBTB has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods cut their target price on NBT Bancorp from $41.00 to $39.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 24th. Janney Montgomery Scott raised shares of NBT Bancorp from a “neutral” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Thursday, March 21st. Stephens reaffirmed an “overweight” rating and set a $42.00 price target on shares of NBT Bancorp in a research report on Tuesday, April 23rd. Finally, Piper Sandler lowered their price objective on NBT Bancorp from $42.00 to $41.00 and set an “overweight” rating for the company in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $41.20.

NBT Bancorp Company 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.