Nisa Investment Advisors LLC maintained its position in shares of NBT Bancorp Inc. (NASDAQ:NBTB) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 10,000 shares of the bank’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in NBT Bancorp were worth $351,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Fenimore Asset Management Inc. boosted its position in shares of NBT Bancorp by 49.9% in the second quarter. Fenimore Asset Management Inc. now owns 37,270 shares of the bank’s stock valued at $1,377,000 after buying an additional 12,414 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of NBT Bancorp by 79.0% in the second quarter. State of Alaska Department of Revenue now owns 8,573 shares of the bank’s stock valued at $316,000 after buying an additional 3,783 shares during the last quarter. Bank of Montreal Can boosted its position in shares of NBT Bancorp by 37.2% in the second quarter. Bank of Montreal Can now owns 4,021 shares of the bank’s stock valued at $149,000 after buying an additional 1,090 shares during the last quarter. State Street Corp boosted its position in shares of NBT Bancorp by 14.1% in the first quarter. State Street Corp now owns 1,246,976 shares of the bank’s stock valued at $46,225,000 after buying an additional 154,441 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of NBT Bancorp by 62.1% in the first quarter. Bank of America Corp DE now owns 71,613 shares of the bank’s stock valued at $2,655,000 after buying an additional 27,422 shares during the last quarter. Institutional investors own 49.90% of the company’s stock.

Shares of NBT Bancorp Inc. (NBTB) traded down 1.47% during midday trading on Friday, hitting $33.46. 88,061 shares of the company traded hands. The stock has a 50 day moving average of $36.25 and a 200-day moving average of $37.92. The stock has a market capitalization of $1.46 billion, a PE ratio of 17.99 and a beta of 0.88. NBT Bancorp Inc. has a 52 week low of $30.28 and a 52 week high of $42.56.

NBT Bancorp (NASDAQ:NBTB) last announced its earnings results on Monday, July 24th. The bank reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $99.93 million for the quarter, compared to the consensus estimate of $100.91 million. NBT Bancorp had a net margin of 19.68% and a return on equity of 8.81%. During the same period last year, the firm posted $0.46 earnings per share. Equities analysts forecast that NBT Bancorp Inc. will post $1.95 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Wednesday, August 30th. NBT Bancorp’s dividend payout ratio is currently 49.46%.

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Several brokerages have recently commented on NBTB. ValuEngine cut shares of NBT Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. BidaskClub cut shares of NBT Bancorp from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Zacks Investment Research raised shares of NBT Bancorp from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Friday, July 28th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $35.00 price target on shares of NBT Bancorp in a report on Wednesday, July 26th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $38.50 price target on shares of NBT Bancorp in a report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $36.75.

In related news, Director John C. Mitchell sold 1,570 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $36.27, for a total value of $56,943.90. Following the sale, the director now directly owns 34,219 shares of the company’s stock, valued at $1,241,123.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John C. Mitchell sold 1,438 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $35.48, for a total transaction of $51,020.24. Following the completion of the sale, the director now directly owns 32,781 shares in the company, valued at $1,163,069.88. The disclosure for this sale can be found here. Company insiders own 2.83% of the company’s stock.

About NBT Bancorp

NBT Bancorp Inc is a financial holding company. The Company conducts its business through NBT Bank, National Association (the Bank) and also through its other subsidiaries, which includes providing commercial banking and financial services to customers in its market area, including central and upstate New York, northeastern Pennsylvania, southern New Hampshire, western Massachusetts, Vermont and Portland, Maine area.

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

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