NBT Bancorp Inc. (NASDAQ:NBTB) Shares Sold by First Trust Advisors LP

First Trust Advisors LP trimmed its position in NBT Bancorp Inc. (NASDAQ:NBTB - Free Report) by 11.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 62,712 shares of the bank's stock after selling 7,726 shares during the period. First Trust Advisors LP owned about 0.13% of NBT Bancorp worth $2,995,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Canada Pension Plan Investment Board bought a new position in shares of NBT Bancorp in the 4th quarter valued at about $1,395,000. Ceredex Value Advisors LLC increased its stake in NBT Bancorp by 5.9% in the fourth quarter. Ceredex Value Advisors LLC now owns 327,700 shares of the bank's stock valued at $15,651,000 after acquiring an additional 18,400 shares during the last quarter. Guggenheim Capital LLC grew its position in NBT Bancorp by 9.1% in the fourth quarter. Guggenheim Capital LLC now owns 107,894 shares of the bank's stock valued at $5,153,000 after acquiring an additional 9,005 shares during the last quarter. Barclays PLC boosted its position in NBT Bancorp by 3.0% in the fourth quarter. Barclays PLC now owns 94,673 shares of the bank's stock valued at $4,522,000 after buying an additional 2,793 shares in the last quarter. Finally, Summit Investment Advisors Inc. increased its holdings in NBT Bancorp by 6.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,815 shares of the bank's stock worth $230,000 after purchasing an additional 310 shares in the last quarter. Institutional investors and hedge funds own 58.46% of the company's stock.

NBT Bancorp Stock Performance

Shares of NBT Bancorp stock traded down $0.34 during trading on Friday, hitting $42.98. 39,777 shares of the company's stock traded hands, compared to its average volume of 267,977. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.87 and a quick ratio of 0.87. NBT Bancorp Inc. has a 1 year low of $34.47 and a 1 year high of $52.44. The stock has a market capitalization of $2.03 billion, a P/E ratio of 14.52 and a beta of 0.58. The business has a 50-day simple moving average of $42.00 and a 200-day simple moving average of $46.02.

NBT Bancorp (NASDAQ:NBTB - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The bank reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.76 by $0.04. The business 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 quarter in the prior year, the business posted $0.68 earnings per share. As a group, analysts forecast that NBT Bancorp Inc. will post 3.69 EPS for the current year.

Insider Buying and Selling

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 value of $242,250.00. Following the transaction, the executive vice president now directly owns 25,564 shares in the company, valued at $1,238,575.80. This represents a 16.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Heidi M. Hoeller acquired 2,588 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were 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 approximately $496,464.64. This represents a 28.79 % increase in their position. The disclosure for this purchase can be found here. 3.03% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on NBTB. Hovde Group assumed coverage on shares of NBT Bancorp in a research report on Friday, March 21st. They set a "market perform" rating and a $50.00 target price for the company. StockNews.com upgraded shares of NBT Bancorp from a "sell" rating to a "hold" rating in a research report on Monday. DA Davidson decreased their price objective on NBT Bancorp from $57.00 to $53.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Finally, Stephens upgraded NBT Bancorp from an "equal weight" rating to an "overweight" rating and set a $53.00 target price for the company in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $52.75.

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.