NBT Bancorp Inc. (NASDAQ:NBTB) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of NBT Bancorp Inc. (NASDAQ:NBTB - Free Report) by 13.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,895 shares of the bank's stock after buying an additional 17,225 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.30% of NBT Bancorp worth $6,825,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Bank of New York Mellon Corp increased its stake in NBT Bancorp by 12.5% during the fourth quarter. Bank of New York Mellon Corp now owns 683,253 shares of the bank's stock worth $32,632,000 after purchasing an additional 75,693 shares during the period. Barclays PLC grew its holdings in shares of NBT Bancorp by 41.8% in the third quarter. Barclays PLC now owns 91,880 shares of the bank's stock valued at $4,064,000 after purchasing an additional 27,085 shares in the last quarter. Lisanti Capital Growth LLC increased its stake in NBT Bancorp by 53.0% during the 4th quarter. Lisanti Capital Growth LLC now owns 66,035 shares of the bank's stock worth $3,154,000 after buying an additional 22,865 shares during the period. Sanctuary Advisors LLC acquired a new stake in NBT Bancorp during the 4th quarter worth approximately $284,000. Finally, Deutsche Bank AG lifted its holdings in NBT Bancorp by 53.1% during the 4th quarter. Deutsche Bank AG now owns 39,645 shares of the bank's stock worth $1,893,000 after buying an additional 13,742 shares in the last quarter. 58.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NBTB. DA Davidson dropped 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. Hovde Group initiated coverage on NBT Bancorp in a report on Friday, March 21st. They set a "market perform" rating and a $50.00 price target on the stock. Finally, Wall Street Zen cut shares of NBT Bancorp from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $52.75.

Insiders Place Their Bets

In other 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 shares were sold at an average price of $42.02, for a total transaction of $330,655.38. Following the completion of the sale, the director now owns 116,027 shares of the company's stock, valued at approximately $4,875,454.54. This trade represents a 6.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Heidi M. Hoeller purchased 2,588 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was bought at an average cost of $42.88 per share, for a total transaction of $110,973.44. Following the completion of the acquisition, the director now directly 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 disclosure for this purchase can be found here. Insiders have bought 5,491 shares of company stock worth $235,674 in the last quarter. 3.03% of the stock is owned by corporate insiders.

NBT Bancorp Trading Down 0.2%

NBTB traded down $0.07 during trading on Thursday, hitting $41.04. 160,016 shares of the company's stock were exchanged, compared to its average volume of 239,563. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.17. NBT Bancorp Inc. has a 1 year low of $34.47 and a 1 year high of $52.44. The firm has a market cap of $1.94 billion, a P/E ratio of 13.86 and a beta of 0.58. The stock has a 50 day moving average price of $41.65 and a 200 day moving average price of $45.44.

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

NBT Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Monday, June 2nd. NBT Bancorp's dividend payout ratio (DPR) is 45.03%.

NBT Bancorp Company 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.