Schroder Investment Management Group Has $8.43 Million Position in NBT Bancorp Inc. (NASDAQ:NBTB)

Schroder Investment Management Group boosted its holdings in shares of NBT Bancorp Inc. (NASDAQ:NBTB) by 11.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 175,942 shares of the bank’s stock after acquiring an additional 18,626 shares during the period. Schroder Investment Management Group owned 0.37% of NBT Bancorp worth $8,433,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in NBT Bancorp by 66.5% during the 4th quarter. GAMMA Investing LLC now owns 1,295 shares of the bank’s stock worth $62,000 after acquiring an additional 517 shares during the last quarter. US Bancorp DE boosted its position in shares of NBT Bancorp by 42.0% during the fourth quarter. US Bancorp DE now owns 1,836 shares of the bank’s stock worth $88,000 after purchasing an additional 543 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings 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 valued at $132,000 after buying an additional 597 shares during the period. KBC Group NV increased its position in shares of NBT Bancorp by 47.5% in the 4th quarter. KBC Group NV now owns 2,152 shares of the bank’s stock valued at $103,000 after buying an additional 693 shares in the last quarter. Finally, Swiss National Bank raised its stake in NBT Bancorp by 0.8% during the 4th quarter. Swiss National Bank now owns 92,800 shares of the bank’s stock worth $4,432,000 after buying an additional 700 shares during the period. Institutional investors own 58.46% of the company’s stock.

Insiders Place Their Bets

In other news, Director Heidi M. Hoeller acquired 678 shares of the stock in a transaction dated Friday, February 7th. The shares were bought at an average cost of $48.45 per share, for a total transaction of $32,849.10. Following the purchase, the director now directly owns 6,437 shares of the company’s stock, valued at approximately $311,872.65. This trade represents a 11.77 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Sarah A. Halliday sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $48.45, for a total transaction of $242,250.00. Following the completion of the sale, the executive vice president now owns 25,564 shares of the company’s stock, valued at $1,238,575.80. This trade represents a 16.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.32% of the company’s stock.

Wall Street Analyst Weigh In

NBTB has been the subject of several recent analyst reports. StockNews.com downgraded NBT Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, January 16th. Hovde Group assumed coverage on shares of NBT Bancorp in a report on Friday, March 21st. They set a “market perform” rating and a $50.00 target price on the stock. Stephens upgraded shares of NBT Bancorp from an “equal weight” rating to an “overweight” rating and set a $53.00 price target for the company in a report on Wednesday, January 29th. Finally, DA Davidson began coverage on shares of NBT Bancorp in a report on Thursday, December 12th. They set a “neutral” rating and a $60.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, NBT Bancorp presently has a consensus rating of “Hold” and a consensus price target of $54.50.

NBT Bancorp Price Performance

NASDAQ NBTB opened at $38.83 on Friday. NBT Bancorp Inc. has a 12-month low of $32.93 and a 12-month high of $52.44. The firm’s 50 day moving average is $45.51 and its 200-day moving average is $46.65. The company has a market capitalization of $1.83 billion, a PE ratio of 13.12 and a beta of 0.53. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.17.

NBT Bancorp (NASDAQ:NBTB) last issued its quarterly earnings results on Monday, January 27th. The bank reported $0.77 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.01). 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 firm earned $0.72 EPS. Equities research analysts anticipate that NBT Bancorp Inc. will post 3.69 earnings per share for the current fiscal year.

NBT Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.34 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.36 dividend on an annualized basis and a yield of 3.50%. NBT Bancorp’s dividend payout ratio is 45.95%.

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.