Hsbc Holdings PLC Takes $1.01 Million Position in NBT Bancorp Inc. $NBTB

Hsbc Holdings PLC purchased a new stake in shares of NBT Bancorp Inc. (NASDAQ:NBTB) during the first quarter, Holdings Channel.com reports. The institutional investor purchased 23,827 shares of the bank’s stock, valued at approximately $1,013,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings in NBT Bancorp by 1,645.9% in the second quarter. EverSource Wealth Advisors LLC now owns 646 shares of the bank’s stock worth $27,000 after purchasing an additional 609 shares during the period. Larson Financial Group LLC increased its stake in NBT Bancorp by 13,316.7% during the 3rd quarter. Larson Financial Group LLC now owns 805 shares of the bank’s stock valued at $34,000 after buying an additional 799 shares during the period. Global Retirement Partners LLC raised its position in shares of NBT Bancorp by 62.5% during the 4th quarter. Global Retirement Partners LLC now owns 1,037 shares of the bank’s stock worth $43,000 after buying an additional 399 shares in the last quarter. Allworth Financial LP bought a new stake in shares of NBT Bancorp during the 3rd quarter worth about $46,000. Finally, Quadrant Capital Group LLC acquired a new stake in shares of NBT Bancorp in the 4th quarter worth approximately $64,000. 58.46% of the stock is currently owned by institutional investors.

Trending Headlines about NBT Bancorp

Here are the key news stories impacting NBT Bancorp this week:

• Positive Sentiment: NBT Bancorp raised its quarterly dividend 8.1%, from $0.37 to $0.40 per share. The new payout represents an annualized dividend of $1.60 and an indicated yield of approximately 3%, supporting the stock’s income appeal. NBT Bancorp Second Quarter Results and Dividend Increase
• Positive Sentiment: Second-quarter earnings per share rose to $1.01 from $0.88 a year earlier, indicating continued year-over-year earnings growth despite the estimate miss. NBT Bancorp Lags Q2 Estimates
• Positive Sentiment: Management outlined a 2.5%-3% expense-growth target for 2026. A disciplined expense outlook could help protect margins and support future profitability. NBT Expense Growth Target and Dividend Increase
• Neutral Sentiment: Loan growth was a constructive element of the quarter, but changes in the deposit mix produced mixed results, leaving investors to weigh growth against funding and margin considerations. NBTB Q2 Loan Growth and Deposit Mix
• Negative Sentiment: Quarterly EPS of $1.01 fell just short of the $1.02 consensus estimate, while revenue of $186.69 million also missed the $188.81 million forecast. These modest shortfalls may limit near-term upside. Key Metrics in NBT Q2 Earnings

NBT Bancorp Stock Performance

NASDAQ:NBTB opened at $53.64 on Wednesday. The company has a 50-day moving average of $48.69 and a 200-day moving average of $45.58. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 13.11 and a beta of 0.48. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.09. NBT Bancorp Inc. has a twelve month low of $39.19 and a twelve month high of $54.02.

NBT Bancorp (NASDAQ:NBTB) last released its earnings results on Monday, July 27th. The bank reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.01). NBT Bancorp had a return on equity of 11.36% and a net margin of 22.58%.The business had revenue of $186.69 million during the quarter, compared to the consensus estimate of $188.81 million. Analysts forecast that NBT Bancorp Inc. will post 4.14 earnings per share for the current fiscal year.

NBT Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.40 dividend. This is an increase from NBT Bancorp’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 1st. NBT Bancorp’s dividend payout ratio is currently 42.17%.

Analyst Upgrades and Downgrades

NBTB has been the subject of several recent analyst reports. Piper Sandler increased their price objective on shares of NBT Bancorp from $50.00 to $56.00 and gave the company an “overweight” rating in a report on Friday, June 26th. Hovde Group dropped their target price on NBT Bancorp from $47.00 to $46.50 and set a “market perform” rating on the stock in a report on Monday, April 27th. DA Davidson restated a “buy” rating and issued a $52.00 target price on shares of NBT Bancorp in a research report on Monday, April 27th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of NBT Bancorp in a research note on Tuesday, July 21st. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, NBT Bancorp currently has a consensus rating of “Moderate Buy” and an average target price of $51.50.

Insiders Place Their Bets

In other news, Director Heidi M. Hoeller sold 2,100 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $48.03, for a total transaction of $100,863.00. Following the completion of the sale, the director owned 11,560 shares in the company, valued at approximately $555,226.80. This represents a 15.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ruth H. Mahoney sold 5,000 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $46.60, for a total value of $233,000.00. Following the sale, the executive vice president directly owned 16,428 shares of the company’s stock, valued at approximately $765,544.80. This represents a 23.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.99% of the stock is currently owned by corporate insiders.

NBT Bancorp Profile

NBT Bancorp, Inc (NASDAQ: NBTB) is the bank holding company for NBT Bank, N.A., a full-service commercial bank that serves both individual and corporate clients across the Northeastern United States. Through its branch network and digital channels, the company offers a comprehensive range of commercial banking services, including business lending, treasury management, cash management and specialized industry financing. Its consumer banking platform provides checking and savings accounts, certificates of deposit, home mortgages, home equity lines of credit and other lending solutions tailored to meet personal and household financial needs.

In addition to traditional banking, NBT Bancorp delivers wealth management and fiduciary services through its trust division, offering investment advisory, trust administration, retirement planning and estate settlement.