NBT Bancorp Inc. (NASDAQ:NBTB) Shares Sold by Savant Capital LLC

Savant Capital LLC trimmed its position in shares of NBT Bancorp Inc. (NASDAQ:NBTB) by 53.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,256 shares of the bank’s stock after selling 37,758 shares during the period. Savant Capital LLC owned approximately 0.07% of NBT Bancorp worth $1,588,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of NBT Bancorp by 47.9% during the 3rd quarter. GAMMA Investing LLC now owns 778 shares of the bank’s stock worth $34,000 after buying an additional 252 shares during the last quarter. US Bancorp DE acquired a new stake in shares of NBT Bancorp during the 3rd quarter worth $57,000. Quest Partners LLC acquired a new stake in shares of NBT Bancorp during the 3rd quarter worth $57,000. Crews Bank & Trust acquired a new stake in shares of NBT Bancorp during the 4th quarter worth $98,000. Finally, KBC Group NV boosted its position in NBT Bancorp by 47.5% during the 4th quarter. KBC Group NV now owns 2,152 shares of the bank’s stock worth $103,000 after purchasing an additional 693 shares during the period. 58.46% of the stock is currently owned by institutional investors and hedge funds.

NBT Bancorp Stock Performance

NASDAQ:NBTB opened at $48.04 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a 50-day moving average of $48.38 and a two-hundred day moving average of $47.11. The stock has a market cap of $2.27 billion, a P/E ratio of 16.23 and a beta of 0.52. NBT Bancorp Inc. has a 1-year low of $32.79 and a 1-year high of $52.44.

NBT Bancorp (NASDAQ:NBTB) last posted its quarterly earnings data on Monday, January 27th. The bank reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). NBT Bancorp had a net margin of 17.84% and a return on equity of 9.39%. During the same quarter in the previous year, the firm earned $0.72 earnings per share. On average, research analysts expect that NBT Bancorp Inc. will post 3.69 earnings per share for the current fiscal year.

NBT Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.34 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.36 dividend on an annualized basis and a yield of 2.83%. NBT Bancorp’s payout ratio is currently 45.95%.

Insider Transactions at NBT Bancorp

In other news, EVP Amy Wiles sold 500 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $51.31, for a total transaction of $25,655.00. Following the transaction, the executive vice president now owns 27,409 shares of the company’s stock, valued at approximately $1,406,355.79. This trade represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jack H. Webb sold 10,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $50.06, for a total transaction of $500,600.00. Following the transaction, the director now directly owns 45,018 shares in the company, valued at $2,253,601.08. The trade was a 18.18 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,694 shares of company stock valued at $778,535. Insiders own 3.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on NBTB shares. DA Davidson started coverage on shares of NBT Bancorp in a research report on Thursday, December 12th. They set a “neutral” rating and a $60.00 price target for the company. StockNews.com cut shares of NBT Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, January 16th. Stephens raised 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 research report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods upped their price target on shares of NBT Bancorp from $50.00 to $55.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, NBT Bancorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.75.

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.