Curi RMB Capital LLC Sells 25,000 Shares of NBT Bancorp Inc. (NASDAQ:NBTB)

Curi RMB Capital LLC reduced its stake in NBT Bancorp Inc. (NASDAQ:NBTB - Free Report) by 62.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,000 shares of the bank's stock after selling 25,000 shares during the period. Curi RMB Capital LLC's holdings in NBT Bancorp were worth $716,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Summit Investment Advisors Inc. boosted its stake in NBT Bancorp by 6.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,815 shares of the bank's stock valued at $230,000 after purchasing an additional 310 shares during the period. Bank of Montreal Can raised its holdings in shares of NBT Bancorp by 6.8% in the 4th quarter. Bank of Montreal Can now owns 7,278 shares of the bank's stock worth $348,000 after purchasing an additional 461 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of NBT Bancorp by 66.5% during the 4th quarter. GAMMA Investing LLC now owns 1,295 shares of the bank's stock valued at $62,000 after acquiring an additional 517 shares during the last quarter. US Bancorp DE boosted its position in shares of 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 purchasing an additional 543 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of NBT Bancorp by 27.7% in 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 period. 58.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

NBTB has been the subject of several recent analyst reports. Hovde Group started coverage on NBT Bancorp in a research report on Friday, March 21st. They issued a "market perform" rating and a $50.00 target price for the company. StockNews.com cut NBT Bancorp from a "hold" rating to a "sell" rating in a research report on Thursday, January 16th. Finally, Stephens upgraded shares of NBT Bancorp from an "equal weight" rating to an "overweight" rating and set a $53.00 target price on the stock in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, NBT Bancorp has an average rating of "Hold" and a consensus price target of $54.50.

Insider Activity at NBT Bancorp

In other NBT Bancorp news, EVP Sarah A. Halliday sold 5,000 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $48.45, for a total transaction of $242,250.00. Following the sale, the executive vice president now directly owns 25,564 shares of the company's stock, valued at approximately $1,238,575.80. This represents a 16.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Heidi M. Hoeller purchased 678 shares of NBT Bancorp stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average price of $48.45 per share, for a total transaction of $32,849.10. Following the transaction, the director now owns 6,437 shares in the company, valued at $311,872.65. This represents a 11.77 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.03% of the stock is currently owned by insiders.

NBT Bancorp Stock Performance

NBT Bancorp stock traded up $0.24 during trading hours on Friday, hitting $42.60. The stock had a trading volume of 403,258 shares, compared to its average volume of 219,349. The company has a 50-day moving average of $42.81 and a two-hundred day moving average of $46.16. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.17. NBT Bancorp Inc. has a fifty-two week low of $34.47 and a fifty-two week high of $52.44. The company has a market cap of $2.01 billion, a PE ratio of 14.39 and a beta of 0.53.

NBT Bancorp (NASDAQ:NBTB - Get Free Report) last issued its earnings results on Thursday, April 24th. The bank reported $0.80 EPS for the quarter, topping the consensus estimate of $0.76 by $0.04. The firm had revenue of $155.31 million during the quarter, compared to analysts' expectations of $151.00 million. NBT Bancorp had a return on equity of 9.39% and a net margin of 17.84%. During the same period last year, the business earned $0.68 earnings per share. On average, equities research analysts anticipate that NBT Bancorp Inc. will post 3.69 EPS for the current fiscal year.

NBT Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.36 annualized dividend and a dividend yield of 3.19%. NBT Bancorp's dividend payout ratio (DPR) is currently 45.95%.

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.