5,033 Shares in NBT Bancorp Inc. (NASDAQ:NBTB) Purchased by De Lisle Partners LLP

De Lisle Partners LLP bought a new stake in NBT Bancorp Inc. (NASDAQ:NBTB) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,033 shares of the bank’s stock, valued at approximately $223,000.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of NBT Bancorp by 47.9% in the third quarter. GAMMA Investing LLC now owns 778 shares of the bank’s stock worth $34,000 after purchasing an additional 252 shares in the last quarter. US Bancorp DE acquired a new position in shares of NBT Bancorp during the 3rd quarter worth about $57,000. Quest Partners LLC bought a new position in shares of NBT Bancorp in the 3rd quarter valued at about $57,000. AQR Capital Management LLC acquired a new stake in shares of NBT Bancorp in the second quarter valued at about $214,000. Finally, Focused Wealth Management Inc acquired a new stake in shares of NBT Bancorp in the third quarter valued at about $217,000. Institutional investors own 58.46% of the company’s stock.

NBT Bancorp Stock Down 0.1 %

NBTB stock opened at $50.08 on Friday. NBT Bancorp Inc. has a 1-year low of $32.79 and a 1-year high of $52.31. The business’s 50 day simple moving average is $46.21 and its 200 day simple moving average is $43.48. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $2.36 billion, a PE ratio of 17.63 and a beta of 0.49.

NBT Bancorp (NASDAQ:NBTB) last released its quarterly earnings data on Monday, October 28th. The bank reported $0.80 EPS for the quarter, beating the consensus estimate of $0.78 by $0.02. The firm had revenue of $202.00 million for the quarter, compared to the consensus estimate of $144.70 million. NBT Bancorp had a net margin of 17.37% and a return on equity of 9.36%. During the same period in the previous year, the company earned $0.84 earnings per share. As a group, research analysts anticipate that NBT Bancorp Inc. will post 2.91 EPS for the current year.

NBT Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Monday, December 2nd. NBT Bancorp’s payout ratio is 47.89%.

Insiders Place Their Bets

In related news, Director V Daniel Robinson II sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $44.10, for a total value of $882,000.00. Following the completion of the sale, the director now directly owns 517,558 shares in the company, valued at approximately $22,824,307.80. The trade was a 3.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Martin Randolph Sparks sold 1,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $48.37, for a total value of $48,370.00. Following the transaction, the executive vice president now owns 15,003 shares in the company, valued at approximately $725,695.11. This trade represents a 6.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 182,556 shares of company stock worth $8,540,290 in the last 90 days. Company insiders own 3.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NBTB shares. Stephens restated an “equal weight” rating and issued a $49.00 price target on shares of NBT Bancorp in a research note on Tuesday, September 10th. StockNews.com cut shares of NBT Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, NBT Bancorp has a consensus rating of “Hold” and a consensus price target of $42.60.

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.