NBT Bancorp Inc. (NASDAQ:NBTB)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $31.57 and last traded at $31.59, with a volume of 41,063 shares changing hands. The stock had previously closed at $32.16.

Several equities analysts have recently commented on NBTB shares. Zacks Investment Research downgraded NBT Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. BidaskClub downgraded NBT Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Boenning Scattergood upgraded NBT Bancorp from an “under perform” rating to a “neutral” rating in a research report on Tuesday, August 15th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $38.50 price objective on shares of NBT Bancorp in a research report on Tuesday, July 25th. Finally, ValuEngine upgraded NBT Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $36.00.

The company’s 50-day moving average is $34.46 and its 200 day moving average is $36.95. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 17.02 and a beta of 0.90.

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

The business also recently declared 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 2.91%. The ex-dividend date is Wednesday, August 30th. NBT Bancorp’s dividend payout ratio is presently 49.46%.

A number of institutional investors have recently modified their holdings of NBTB. BlackRock Inc. lifted its stake in NBT Bancorp by 47,917.6% in the 1st quarter. BlackRock Inc. now owns 5,456,241 shares of the bank’s stock valued at $202,263,000 after buying an additional 5,444,878 shares in the last quarter. Vanguard Group Inc. lifted its stake in NBT Bancorp by 7.4% in the 1st quarter. Vanguard Group Inc. now owns 4,067,362 shares of the bank’s stock valued at $150,777,000 after buying an additional 279,331 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in NBT Bancorp by 28.9% in the 1st quarter. Bank of New York Mellon Corp now owns 796,715 shares of the bank’s stock valued at $29,534,000 after buying an additional 178,423 shares in the last quarter. State Street Corp lifted its stake in NBT Bancorp by 14.1% in the 1st 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 in the last quarter. Finally, Citadel Advisors LLC lifted its stake in NBT Bancorp by 440.7% in the 2nd quarter. Citadel Advisors LLC now owns 72,367 shares of the bank’s stock valued at $2,674,000 after buying an additional 58,984 shares in the last quarter. 49.20% of the stock is currently owned by hedge funds and other institutional investors.

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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.