BNP Paribas Financial Markets Has $410,000 Holdings in NBT Bancorp Inc. (NASDAQ:NBTB)

BNP Paribas Financial Markets cut its position in NBT Bancorp Inc. (NASDAQ:NBTB - Free Report) by 45.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,585 shares of the bank's stock after selling 7,031 shares during the quarter. BNP Paribas Financial Markets' holdings in NBT Bancorp were worth $410,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its stake in NBT Bancorp by 817.7% during the 4th quarter. Sterling Capital Management LLC now owns 1,450 shares of the bank's stock valued at $69,000 after acquiring an additional 1,292 shares during the last quarter. Rialto Wealth Management LLC bought a new stake in NBT Bancorp in the 4th quarter valued at about $87,000. US Bancorp DE raised its stake in NBT Bancorp by 42.0% during the 4th quarter. US Bancorp DE now owns 1,836 shares of the bank's stock valued at $88,000 after acquiring an additional 543 shares in the last quarter. Crews Bank & Trust bought a new stake in shares of NBT Bancorp during the fourth quarter valued at about $98,000. Finally, KBC Group NV raised its position in shares of NBT Bancorp by 47.5% during the 4th quarter. KBC Group NV now owns 2,152 shares of the bank's stock worth $103,000 after buying an additional 693 shares in the last quarter. 58.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NBT Bancorp

In other NBT Bancorp news, Director John H. Watt, Jr. sold 7,869 shares of NBT Bancorp stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $42.02, for a total transaction of $330,655.38. Following the completion of the transaction, the director now directly owns 116,027 shares of the company's stock, valued at $4,875,454.54. The trade was a 6.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Heidi M. Hoeller purchased 2,553 shares of NBT Bancorp stock in a transaction that occurred on Tuesday, April 29th. The stock was purchased at an average price of $43.21 per share, with a total value of $110,315.13. Following the completion of the purchase, the director now directly owns 8,990 shares in the company, valued at $388,457.90. This trade represents a 39.66% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.03% of the company's stock.

NBT Bancorp Stock Performance

NASDAQ NBTB traded up $0.03 during midday trading on Friday, hitting $42.07. The company had a trading volume of 7,572 shares, compared to its average volume of 237,345. NBT Bancorp Inc. has a fifty-two week low of $34.47 and a fifty-two week high of $52.44. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 14.21 and a beta of 0.58. The firm has a fifty day simple moving average of $41.86 and a two-hundred day simple moving average of $45.72. 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 (NASDAQ:NBTB - Get Free Report) last issued 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. The company had revenue of $155.31 million for the quarter, compared to the consensus estimate of $151.00 million. NBT Bancorp had a net margin of 17.84% and a return on equity of 9.39%. During the same quarter in the previous year, the company earned $0.68 EPS. Equities analysts forecast that NBT Bancorp Inc. will post 3.69 earnings per share for the current fiscal year.

NBT Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Monday, June 2nd. NBT Bancorp's dividend payout ratio (DPR) is currently 45.03%.

Analysts Set New Price Targets

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

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.