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

Yousif Capital Management LLC lowered its position in shares of NBT Bancorp Inc. (NASDAQ:NBTB) by 2.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,462 shares of the bank’s stock after selling 365 shares during the quarter. Yousif Capital Management LLC’s holdings in NBT Bancorp were worth $749,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. lifted its position in NBT Bancorp by 6.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,815 shares of the bank’s stock worth $230,000 after buying an additional 310 shares in the last quarter. Bank of Montreal Can boosted its position in shares of NBT Bancorp by 6.8% during the 4th quarter. Bank of Montreal Can now owns 7,278 shares of the bank’s stock valued at $348,000 after acquiring an additional 461 shares in the last quarter. US Bancorp DE boosted its stake in NBT Bancorp by 42.0% in the 4th quarter. US Bancorp DE now owns 1,836 shares of the bank’s stock valued at $88,000 after buying an additional 543 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in NBT Bancorp by 27.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,755 shares of the bank’s stock worth $132,000 after buying an additional 597 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of NBT Bancorp by 0.8% during the fourth quarter. Swiss National Bank now owns 92,800 shares of the bank’s stock worth $4,432,000 after purchasing an additional 700 shares during the last quarter. 58.46% of the stock is currently owned by institutional investors.

NBT Bancorp Stock Up 0.1%

NBTB stock opened at $39.97 on Friday. NBT Bancorp Inc. has a fifty-two week low of $35.54 and a fifty-two week high of $52.44. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 13.24 and a beta of 0.58. The business’s fifty day moving average price is $41.89 and its two-hundred day moving average price is $44.84. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.86 and a quick ratio of 0.86.

NBT Bancorp (NASDAQ:NBTB) last released its earnings results on Thursday, April 24th. The bank reported $0.80 EPS for the quarter, beating the consensus estimate of $0.76 by $0.04. NBT Bancorp had a net margin of 17.99% and a return on equity of 9.57%. The firm had revenue of $155.31 million for the quarter, compared to analyst estimates of $151.00 million. During the same period last year, the firm earned $0.68 EPS. On average, equities analysts anticipate that NBT Bancorp Inc. will post 3.69 earnings per share for the current year.

NBT Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.34 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.36 dividend on an annualized basis and a yield of 3.40%. NBT Bancorp’s payout ratio is presently 45.03%.

Analyst Ratings Changes

NBTB has been the topic of several research reports. Wall Street Zen lowered NBT Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, May 21st. Hovde Group initiated coverage on NBT Bancorp in a research report on Friday, March 21st. They issued a “market perform” rating and a $50.00 target price on the stock. Finally, DA Davidson cut their price objective on NBT Bancorp from $57.00 to $53.00 and set a “buy” rating for the company in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NBT Bancorp presently has an average rating of “Hold” and a consensus price target of $52.75.

Insider Activity

In related news, Director John H. Watt, Jr. sold 7,869 shares of the company’s stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $42.02, for a total transaction of $330,655.38. Following the sale, the director now owns 116,027 shares in the company, valued at $4,875,454.54. This represents a 6.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Heidi M. Hoeller purchased 2,588 shares of NBT Bancorp stock in a transaction on Tuesday, May 6th. The stock was bought at an average price of $42.88 per share, with a total value of $110,973.44. Following the completion of the acquisition, the director now directly owns 11,578 shares of the company’s stock, valued at approximately $496,464.64. This trade represents a 28.79% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 5,491 shares of company stock valued at $235,674. Insiders own 3.03% of the company’s stock.

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.