New Age Alpha Advisors LLC reduced its stake in shares of NBT Bancorp Inc. (NASDAQ:NBTB - Free Report) by 13.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,254 shares of the bank's stock after selling 8,727 shares during the quarter. New Age Alpha Advisors LLC owned about 0.12% of NBT Bancorp worth $2,456,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Principal Financial Group Inc. increased its stake in NBT Bancorp by 2.7% in the first quarter. Principal Financial Group Inc. now owns 234,849 shares of the bank's stock valued at $10,075,000 after purchasing an additional 6,150 shares during the period. SG Americas Securities LLC acquired a new position in NBT Bancorp in the 1st quarter valued at about $884,000. Deutsche Bank AG raised its stake in NBT Bancorp by 53.1% during the 4th quarter. Deutsche Bank AG now owns 39,645 shares of the bank's stock valued at $1,893,000 after acquiring an additional 13,742 shares during the last quarter. GAMMA Investing LLC lifted its position in NBT Bancorp by 4,554.4% during the 1st quarter. GAMMA Investing LLC now owns 60,275 shares of the bank's stock worth $2,586,000 after acquiring an additional 58,980 shares during the period. Finally, Picton Mahoney Asset Management purchased a new position in shares of NBT Bancorp in the 1st quarter valued at approximately $278,000. 58.46% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on NBTB. DA Davidson upped their price target on NBT Bancorp from $53.00 to $55.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Wall Street Zen raised shares of NBT Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Piper Sandler upgraded shares of NBT Bancorp to a "neutral" rating and set a $47.00 price objective for the company in a research report on Tuesday, July 8th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, NBT Bancorp presently has a consensus rating of "Hold" and a consensus price target of $52.00.
Get Our Latest Report on NBT Bancorp
NBT Bancorp Price Performance
NBTB stock traded up $0.30 on Friday, reaching $40.95. 131,433 shares of the company's stock were exchanged, compared to its average volume of 211,324. The stock has a fifty day moving average of $41.93 and a 200-day moving average of $43.24. The firm has a market cap of $1.94 billion, a PE ratio of 14.78 and a beta of 0.59. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.17. NBT Bancorp Inc. has a twelve month low of $37.31 and a twelve month high of $52.44.
NBT Bancorp (NASDAQ:NBTB - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The bank reported $0.88 EPS for the quarter, beating the consensus estimate of $0.82 by $0.06. The firm had revenue of $171.15 million during the quarter, compared to analysts' expectations of $171.04 million. NBT Bancorp had a net margin of 16.10% and a return on equity of 9.81%. As a group, equities analysts predict that NBT Bancorp Inc. will post 3.69 EPS for the current fiscal year.
NBT Bancorp Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 1st will be paid a dividend of $0.37 per share. This is a positive change from NBT Bancorp's previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.48 annualized dividend and a dividend yield of 3.6%. NBT Bancorp's dividend payout ratio is presently 49.10%.
Insider Activity at NBT Bancorp
In related news, Director John H. Watt, Jr. sold 7,869 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $42.02, for a total value of $330,655.38. Following the completion of the transaction, the director directly owned 116,027 shares of the company's stock, valued at $4,875,454.54. This trade represents a 6.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.03% of the stock is owned by company insiders.
NBT Bancorp Profile
(
Free Report)
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.
Featured Stories

Before you consider NBT Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NBT Bancorp wasn't on the list.
While NBT Bancorp currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.