SG Americas Securities LLC Invests $884,000 in NBT Bancorp Inc. (NASDAQ:NBTB)

SG Americas Securities LLC acquired a new position in NBT Bancorp Inc. (NASDAQ:NBTB - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 20,607 shares of the bank's stock, valued at approximately $884,000.

A number of other large investors have also recently made changes to their positions in NBTB. Sterling Capital Management LLC grew its position in shares of NBT Bancorp by 817.7% in the 4th quarter. Sterling Capital Management LLC now owns 1,450 shares of the bank's stock worth $69,000 after buying an additional 1,292 shares during the last quarter. Rialto Wealth Management LLC bought a new stake in shares of NBT Bancorp in the 4th quarter worth approximately $87,000. US Bancorp DE grew 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 worth $88,000 after buying an additional 543 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of NBT Bancorp by 27.7% in the 4th 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 last quarter. Finally, First National Bank & Trust Co. of Newtown bought a new stake in shares of NBT Bancorp in the 4th quarter worth approximately $202,000. 58.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NBT Bancorp

In related news, Director Heidi M. Hoeller acquired 2,588 shares of the stock in a transaction on Tuesday, May 6th. The stock was acquired at an average price of $42.88 per share, for a total transaction of $110,973.44. Following the completion of the purchase, the director now owns 11,578 shares of the company's stock, valued at $496,464.64. This represents a 28.79% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $330,655.38. Following the transaction, the director now owns 116,027 shares of the company's stock, valued at $4,875,454.54. The trade was a 6.35% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 5,491 shares of company stock worth $235,674. 3.03% of the stock is owned by insiders.

NBT Bancorp Trading Up 0.1%

NBTB opened at $39.97 on Thursday. The stock has a market cap of $1.89 billion, a PE ratio of 13.24 and a beta of 0.58. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average of $41.86 and a 200-day moving average of $44.91. NBT Bancorp Inc. has a 52 week low of $35.54 and a 52 week high of $52.44.

NBT Bancorp (NASDAQ:NBTB - Get Free Report) last released its earnings results on Thursday, April 24th. The bank reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.04. The company 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 9.57% and a net margin of 17.99%. During the same quarter last year, the business posted $0.68 EPS. Equities research analysts predict that NBT Bancorp Inc. will post 3.69 earnings per share for the current fiscal year.

NBT Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date was Monday, June 2nd. NBT Bancorp's payout ratio is 45.03%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NBTB. Wall Street Zen lowered NBT Bancorp from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. DA Davidson lowered their target price on NBT Bancorp from $57.00 to $53.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Finally, Hovde Group started coverage on NBT Bancorp in a research note on Friday, March 21st. They issued a "market perform" rating and a $50.00 target price for the company. 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. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $52.75.

About NBT Bancorp

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.

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