SG Americas Securities LLC Has $1.02 Million Stock Holdings in NBT Bancorp Inc. $NBTB

SG Americas Securities LLC grew its stake in shares of NBT Bancorp Inc. (NASDAQ:NBTB) by 110.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,302 shares of the bank’s stock after purchasing an additional 12,761 shares during the quarter. SG Americas Securities LLC’s holdings in NBT Bancorp were worth $1,015,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in NBTB. EverSource Wealth Advisors LLC increased its holdings in NBT Bancorp by 1,645.9% during the second quarter. EverSource Wealth Advisors LLC now owns 646 shares of the bank’s stock worth $27,000 after buying an additional 609 shares during the last quarter. Hantz Financial Services Inc. bought a new position in shares of NBT Bancorp in the 2nd quarter valued at about $33,000. Farther Finance Advisors LLC increased its stake in shares of NBT Bancorp by 2,902.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,441 shares of the bank’s stock worth $60,000 after purchasing an additional 1,393 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of NBT Bancorp by 38.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,951 shares of the bank’s stock valued at $81,000 after purchasing an additional 546 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in NBT Bancorp by 23.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 3,316 shares of the bank’s stock valued at $139,000 after purchasing an additional 620 shares during the last quarter. Institutional investors and hedge funds own 58.46% of the company’s stock.

NBT Bancorp Stock Down 0.3%

NBTB opened at $43.59 on Monday. The stock has a fifty day moving average of $42.27 and a 200-day moving average of $42.28. The company has a market capitalization of $2.28 billion, a P/E ratio of 14.53 and a beta of 0.50. NBT Bancorp Inc. has a fifty-two week low of $37.31 and a fifty-two week high of $49.18. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.88 and a current ratio of 0.88.

NBT Bancorp (NASDAQ:NBTB) last released its quarterly earnings results on Monday, October 27th. The bank reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.08. NBT Bancorp had a net margin of 17.24% and a return on equity of 10.35%. The business had revenue of $186.07 million for the quarter, compared to analyst estimates of $183.87 million. On average, equities analysts expect that NBT Bancorp Inc. will post 3.69 EPS for the current year.

NBT Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Monday, December 1st. NBT Bancorp’s payout ratio is presently 49.33%.

Insider Activity

In related news, Director Timothy E. Delaney purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was acquired at an average cost of $40.98 per share, for a total transaction of $409,800.00. Following the completion of the purchase, the director owned 51,885 shares in the company, valued at approximately $2,126,247.30. This represents a 23.87% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Janney Montgomery Scott raised NBT Bancorp to a “strong-buy” rating in a research report on Wednesday, October 22nd. Piper Sandler set a $47.00 target price on NBT Bancorp and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NBT Bancorp in a report on Monday, December 29th. Finally, DA Davidson cut shares of NBT Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, NBT Bancorp currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.25.

About NBT Bancorp

NBT Bancorp, Inc (NASDAQ: NBTB) is the bank holding company for NBT Bank, N.A., a full-service commercial bank that serves both individual and corporate clients across the Northeastern United States. Through its branch network and digital channels, the company offers a comprehensive range of commercial banking services, including business lending, treasury management, cash management and specialized industry financing. Its consumer banking platform provides checking and savings accounts, certificates of deposit, home mortgages, home equity lines of credit and other lending solutions tailored to meet personal and household financial needs.

In addition to traditional banking, NBT Bancorp delivers wealth management and fiduciary services through its trust division, offering investment advisory, trust administration, retirement planning and estate settlement.