Dynamic Technology Lab Private Ltd Sells 25,616 Shares of NBT Bancorp Inc. $NBTB

Dynamic Technology Lab Private Ltd lessened its holdings in NBT Bancorp Inc. (NASDAQ:NBTB) by 73.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 9,159 shares of the bank’s stock after selling 25,616 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in NBT Bancorp were worth $382,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its position in shares of NBT Bancorp by 1,645.9% in the second quarter. EverSource Wealth Advisors LLC now owns 646 shares of the bank’s stock valued at $27,000 after acquiring an additional 609 shares in the last quarter. Flagship Wealth Advisors LLC purchased a new stake in shares of NBT Bancorp during the third quarter worth about $42,000. Cloud Capital Management LLC bought a new stake in NBT Bancorp during the 3rd quarter valued at approximately $66,000. Farther Finance Advisors LLC raised its stake in NBT Bancorp by 50.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,163 shares of the bank’s stock valued at $90,000 after purchasing an additional 722 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in NBT Bancorp by 23.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 3,316 shares of the bank’s stock worth $139,000 after purchasing an additional 620 shares in the last quarter. 58.46% of the stock is owned by institutional investors.

Insider Buying and Selling at NBT Bancorp

In other news, EVP Amy Wiles sold 4,435 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $45.72, for a total value of $202,768.20. Following the sale, the executive vice president owned 21,500 shares of the company’s stock, valued at approximately $982,980. This represents a 17.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Timothy E. Delaney purchased 22,730 shares of the company’s stock in a transaction that occurred on Wednesday, January 28th. The shares were purchased at an average cost of $42.97 per share, with a total value of $976,708.10. Following the completion of the purchase, the director owned 74,615 shares in the company, valued at $3,206,206.55. This trade represents a 43.81% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 3.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NBTB. Brean Capital downgraded NBT Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Weiss Ratings raised shares of NBT Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Janney Montgomery Scott lowered shares of NBT Bancorp from a “buy” rating to a “neutral” rating in a research report on Monday, February 23rd. Finally, DA Davidson began coverage on shares of NBT Bancorp in a research note on Wednesday, February 25th. They set a “buy” rating and a $54.00 target price for the company. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, NBT Bancorp has an average rating of “Moderate Buy” and an average price target of $50.33.

NBT Bancorp Price Performance

NASDAQ:NBTB opened at $41.13 on Thursday. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 12.46 and a beta of 0.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.88 and a quick ratio of 0.88. The business has a 50 day simple moving average of $43.87 and a 200-day simple moving average of $42.74. NBT Bancorp Inc. has a 1 year low of $37.31 and a 1 year high of $46.92.

NBT Bancorp (NASDAQ:NBTB) last released its earnings results on Monday, January 26th. The bank reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.06. The firm had revenue of $185.14 million for the quarter, compared to the consensus estimate of $183.63 million. NBT Bancorp had a return on equity of 10.86% and a net margin of 18.67%. Equities analysts forecast that NBT Bancorp Inc. will post 3.69 EPS for the current year.

NBT Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.37 per share. The ex-dividend date is Monday, March 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 3.6%. NBT Bancorp’s payout ratio is 44.85%.

NBT Bancorp Profile

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.