Price T Rowe Associates Inc. MD Boosts Stake in NBT Bancorp Inc. (NASDAQ:NBTB)

Price T Rowe Associates Inc. MD raised its position in NBT Bancorp Inc. (NASDAQ:NBTB) by 4.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,210 shares of the bank’s stock after buying an additional 1,662 shares during the period. Price T Rowe Associates Inc. MD owned 0.10% of NBT Bancorp worth $1,482,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. Captrust Financial Advisors increased its stake in shares of NBT Bancorp by 687.1% during the 1st quarter. Captrust Financial Advisors now owns 669 shares of the bank’s stock worth $27,000 after purchasing an additional 584 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of NBT Bancorp by 6.0% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,920 shares of the bank’s stock worth $177,000 after purchasing an additional 279 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of NBT Bancorp during the 2nd quarter worth approximately $207,000. Profund Advisors LLC increased its stake in shares of NBT Bancorp by 5.3% during the 2nd quarter. Profund Advisors LLC now owns 5,885 shares of the bank’s stock worth $211,000 after purchasing an additional 298 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its stake in shares of NBT Bancorp by 6.1% during the 2nd quarter. Mutual of America Capital Management LLC now owns 6,174 shares of the bank’s stock worth $222,000 after purchasing an additional 353 shares during the last quarter. Hedge funds and other institutional investors own 54.24% of the company’s stock.

NBT Bancorp stock opened at $38.09 on Thursday. NBT Bancorp Inc. has a 1-year low of $29.89 and a 1-year high of $42.79. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 10.98 and a beta of 0.67. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17. The firm has a 50 day simple moving average of $36.76 and a 200 day simple moving average of $36.61.

NBT Bancorp (NASDAQ:NBTB) last released its quarterly earnings data on Monday, October 25th. The bank reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. NBT Bancorp had a net margin of 30.86% and a return on equity of 12.62%. The business had revenue of $118.00 million during the quarter, compared to analyst estimates of $120.37 million. During the same period in the previous year, the business earned $0.80 EPS. On average, equities research analysts forecast that NBT Bancorp Inc. will post 3.55 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 15th. Shareholders of record on Wednesday, December 1st will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.94%. The ex-dividend date is Tuesday, November 30th. NBT Bancorp’s payout ratio is 32.28%.

NBTB has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of NBT Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, October 29th. Piper Sandler upgraded shares of NBT Bancorp from a “neutral” rating to an “overweight” rating and set a $40.00 price objective for the company in a research note on Wednesday, July 28th.

About NBT Bancorp

NBT Bancorp, Inc is a holding company, which engages in the provision of financial solutions. It offers commercial banking, retail banking, and wealth management, as well as trust and investment services. The company was founded in 1986 and is headquartered in Norwich, NY.

See Also: What Is an EV Stock

Institutional Ownership by Quarter for NBT Bancorp (NASDAQ:NBTB)

Receive News & Ratings for NBT Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NBT Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.