Tudor Investment Corp ET AL Purchases Shares of 117,013 NBT Bancorp Inc. $NBTB

Tudor Investment Corp ET AL purchased a new stake in NBT Bancorp Inc. (NASDAQ:NBTB) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 117,013 shares of the bank’s stock, valued at approximately $4,886,000.

Several other large investors also recently made changes to their positions in the stock. Amalgamated Bank lifted its position in NBT Bancorp by 1.9% in the 3rd quarter. Amalgamated Bank now owns 14,993 shares of the bank’s stock valued at $626,000 after acquiring an additional 282 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in NBT Bancorp by 7.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,150 shares of the bank’s stock worth $214,000 after purchasing an additional 335 shares in the last quarter. Asset Dedication LLC raised its stake in shares of NBT Bancorp by 6.1% in the 2nd quarter. Asset Dedication LLC now owns 7,042 shares of the bank’s stock valued at $293,000 after purchasing an additional 402 shares during the period. Stablepoint Partners LLC raised its stake in shares of NBT Bancorp by 4.9% in the 2nd quarter. Stablepoint Partners LLC now owns 10,582 shares of the bank’s stock valued at $440,000 after purchasing an additional 495 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of NBT Bancorp by 1,645.9% in the second quarter. EverSource Wealth Advisors LLC now owns 646 shares of the bank’s stock valued at $27,000 after purchasing an additional 609 shares in the last quarter. Institutional investors own 58.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Brean Capital cut NBT Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Janney Montgomery Scott lowered NBT Bancorp from a “buy” rating to a “neutral” rating in a research report on Monday, February 23rd. DA Davidson began coverage on NBT Bancorp in a research note on Wednesday, February 25th. They issued a “buy” rating and a $54.00 target price on the stock. Weiss Ratings raised NBT Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Finally, Piper Sandler began coverage on shares of NBT Bancorp in a research note on Monday, March 16th. They set an “overweight” rating and a $50.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $52.00.

NBT Bancorp Trading Up 1.2%

NBT Bancorp stock opened at $42.47 on Thursday. The firm has a 50-day moving average of $43.66 and a 200-day moving average of $42.54. NBT Bancorp Inc. has a one year low of $37.31 and a one year high of $46.92. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 12.87 and a beta of 0.50.

NBT Bancorp (NASDAQ:NBTB) last released its earnings results on Monday, January 26th. The bank reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.06. NBT Bancorp had a return on equity of 10.86% and a net margin of 18.67%.The business had revenue of $185.14 million for the quarter, compared to the consensus estimate of $183.63 million. On average, equities analysts expect 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 16th. Shareholders of record on Monday, March 2nd were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Monday, March 2nd. NBT Bancorp’s dividend payout ratio (DPR) is currently 44.85%.

Insider Buying and Selling

In related news, Director Timothy E. Delaney acquired 22,730 shares of the business’s stock in a transaction dated Wednesday, January 28th. The stock was bought at an average price of $42.97 per share, with a total value of $976,708.10. Following the acquisition, the director owned 74,615 shares in the company, valued at $3,206,206.55. This represents a 43.81% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Amy Wiles sold 4,435 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $45.72, for a total value of $202,768.20. Following the completion of the sale, the executive vice president directly owned 21,500 shares of the company’s stock, valued at approximately $982,980. The trade was a 17.10% decrease in their position. The SEC filing for this sale provides additional information. 3.03% of the stock is owned by company insiders.

About NBT Bancorp

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.