Dimensional Fund Advisors LP Has $99.25 Million Stock Holdings in NBT Bancorp Inc. $NBTB

Dimensional Fund Advisors LP increased its holdings in shares of NBT Bancorp Inc. (NASDAQ:NBTB) by 1.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,330,975 shares of the bank’s stock after purchasing an additional 30,141 shares during the quarter. Dimensional Fund Advisors LP’s holdings in NBT Bancorp were worth $99,252,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of NBTB. EverSource Wealth Advisors LLC raised its holdings in NBT Bancorp by 1,645.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 646 shares of the bank’s stock worth $27,000 after buying an additional 609 shares during the period. Larson Financial Group LLC boosted its holdings in shares of NBT Bancorp by 13,316.7% in the third 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. Bessemer Group Inc. increased its position in shares of NBT Bancorp by 63.8% during the first quarter. Bessemer Group Inc. now owns 832 shares of the bank’s stock worth $35,000 after acquiring an additional 324 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of NBT Bancorp by 62.5% during the fourth quarter. Global Retirement Partners LLC now owns 1,037 shares of the bank’s stock worth $43,000 after acquiring an additional 399 shares in the last quarter. Finally, Allworth Financial LP acquired a new stake in shares of NBT Bancorp during the third quarter worth $46,000. 58.46% of the stock is currently owned by institutional investors and hedge funds.

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% to $0.40 per share, implying an annualized payout of $1.60 and an approximately 3% yield. The increase signals confidence in capital generation and may support investor demand for the stock. Why Did NBT Bancorp Announce a Higher Dividend?
• Positive Sentiment: Management highlighted robust momentum during the Q2 earnings call, including loan growth, progress in the deposit mix and strong earnings growth. The bank also set a relatively contained 2026 expense-growth target of 2.5% to 3%, which could help protect profitability. NBT Bancorp Earnings Call Highlights Robust Momentum
• Neutral Sentiment: Analyst sentiment is mixed. Some analysts appear encouraged by the dividend and operating momentum, while others view NBTB as fully valued after its recent rally, limiting the potential for further near-term upside. Analysts Have Conflicting Sentiments on NBT Bancorp
• Negative Sentiment: Second-quarter results were slightly below expectations: EPS was $1.01 versus the $1.02 consensus, while revenue of $186.69 million missed estimates of $188.81 million. The earnings and revenue shortfalls may temper enthusiasm despite the positive operating commentary. NBT Bancorp Looks Fully Valued After Q2 Earnings and Dividend Hike

Insider Buying and Selling at NBT Bancorp

In other news, Director Heidi M. Hoeller sold 2,100 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $48.03, for a total transaction of $100,863.00. Following the completion of the transaction, the director directly owned 11,560 shares in the company, valued at $555,226.80. This represents a 15.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Ruth H. Mahoney sold 5,000 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $46.60, for a total transaction of $233,000.00. Following the transaction, the executive vice president 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. Additional details regarding this sale are available in the official SEC disclosure. 2.99% of the stock is currently owned by insiders.

NBT Bancorp Trading Up 1.2%

NASDAQ:NBTB opened at $54.26 on Thursday. The company has a market cap of $2.82 billion, a P/E ratio of 13.27 and a beta of 0.48. NBT Bancorp Inc. has a twelve month low of $39.19 and a twelve month high of $54.50. The business has a 50 day moving average price of $48.86 and a two-hundred day moving average price of $45.65. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.08.

NBT Bancorp (NASDAQ:NBTB) last posted its quarterly earnings data on Monday, July 27th. The bank reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.01). The business had revenue of $186.69 million during the quarter, compared to analyst estimates of $188.81 million. NBT Bancorp had a net margin of 22.58% and a return on equity of 11.27%. As a group, analysts expect that NBT Bancorp Inc. will post 4.14 EPS for the current fiscal year.

NBT Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.9%. This is an increase from NBT Bancorp’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Tuesday, September 1st. NBT Bancorp’s payout ratio is 42.17%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NBTB. Piper Sandler boosted their price objective on shares of NBT Bancorp from $50.00 to $56.00 and gave the company an “overweight” rating in a research report on Friday, June 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of NBT Bancorp in a report on Tuesday, July 21st. DA Davidson lifted their price target on NBT Bancorp from $52.00 to $59.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Hovde Group cut their price target 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. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, NBT Bancorp currently has a consensus rating of “Moderate Buy” and an average price target of $53.83.

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.