First National Trust Co. held its position in shares of NBT Bancorp Inc. (NASDAQ:NBTB) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,685 shares of the company’s stock at the end of the second quarter. First National Trust Co.’s holdings in NBT Bancorp were worth $420,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of Montreal Can acquired a new stake in NBT Bancorp during the second quarter valued at approximately $137,000. Huntington Asset Advisors Inc. purchased a new position in shares of NBT Bancorp during the first quarter valued at about $162,000. Canandaigua National Bank & Trust Co. purchased a new position in shares of NBT Bancorp during the first quarter valued at about $247,000. Capstone Asset Management Co. increased its position in shares of NBT Bancorp by 3.1% in the second quarter. Capstone Asset Management Co. now owns 11,306 shares of the company’s stock valued at $324,000 after buying an additional 340 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of NBT Bancorp by 105.9% in the second quarter. BNP Paribas Arbitrage SA now owns 13,899 shares of the company’s stock valued at $398,000 after buying an additional 7,147 shares during the last quarter. Institutional investors own 46.02% of the company’s stock.
NBT Bancorp Inc. (NASDAQ:NBTB) traded up 0.54% during trading on Thursday, reaching $33.56. 96,823 shares of the company’s stock were exchanged. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 18.96 and a beta of 0.91. The company’s 50 day moving average price is $32.32 and its 200-day moving average price is $29.49. NBT Bancorp Inc. has a 52 week low of $23.81 and a 52 week high of $33.74.
NBT Bancorp (NASDAQ:NBTB) last released its earnings results on Monday, July 25th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.02. The business had revenue of $95.39 million for the quarter. NBT Bancorp had a net margin of 19.38% and a return on equity of 8.79%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the business earned $0.43 earnings per share. On average, equities analysts expect that NBT Bancorp Inc. will post $1.80 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were given a $0.23 dividend. This is an increase from NBT Bancorp’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend was Tuesday, August 30th. NBT Bancorp’s dividend payout ratio (DPR) is 51.98%.
NBTB has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of NBT Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, June 10th. Keefe, Bruyette & Woods upped their price objective on shares of NBT Bancorp from $27.00 to $28.00 and gave the company a “market perform” rating in a research note on Friday, July 29th.
In other news, EVP Jeffrey M. Levy sold 31,000 shares of NBT Bancorp stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $29.83, for a total value of $924,730.00. Following the transaction, the executive vice president now directly owns 57,139 shares of the company’s stock, valued at $1,704,456.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Martin A. Dietrich sold 25,000 shares of NBT Bancorp stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $32.67, for a total transaction of $816,750.00. Following the completion of the transaction, the chief executive officer now directly owns 191,345 shares in the company, valued at $6,251,241.15. The disclosure for this sale can be found here. 2.83% of the stock is currently owned by insiders.
NBT Bancorp Company Profile
NBT Bancorp Inc is a financial holding company. The Company conducts its business through NBT Bank, National Association (the Bank) and other subsidiaries, which provide commercial banking and financial services to customers in its market area, including central and upstate New York, northeastern Pennsylvania, southern New Hampshire, western Massachusetts, Vermont and Portland, Maine area.
Want to see what other hedge funds are holding NBTB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NBT Bancorp Inc. (NASDAQ:NBTB).
Receive News & Ratings for NBT Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NBT Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.