Dimensional Fund Advisors LP Buys 23,784 Shares of NBT Bancorp Inc. (NBTB)
Dimensional Fund Advisors LP raised its stake in shares of NBT Bancorp Inc. (NASDAQ:NBTB) by 1.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,974,934 shares of the bank’s stock after buying an additional 23,784 shares during the quarter. Dimensional Fund Advisors LP owned about 4.53% of NBT Bancorp worth $72,975,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the business. Citadel Advisors LLC raised its stake in NBT Bancorp by 440.7% during the second 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 during the last quarter. Parametric Portfolio Associates LLC raised its stake in NBT Bancorp by 1.9% during the second quarter. Parametric Portfolio Associates LLC now owns 119,545 shares of the bank’s stock valued at $4,417,000 after buying an additional 2,250 shares during the last quarter. Vanguard Group Inc. raised its stake in NBT Bancorp by 0.7% during the second quarter. Vanguard Group Inc. now owns 4,097,601 shares of the bank’s stock valued at $151,407,000 after buying an additional 30,239 shares during the last quarter. Biondo Investment Advisors LLC purchased a new position in NBT Bancorp during the second quarter valued at $201,000. Finally, Northern Trust Corp raised its stake in NBT Bancorp by 1.4% during the second quarter. Northern Trust Corp now owns 1,103,970 shares of the bank’s stock valued at $40,792,000 after buying an additional 14,921 shares during the last quarter. Institutional investors and hedge funds own 49.20% of the company’s stock.
A number of research analysts have issued reports on NBTB shares. Boenning Scattergood upgraded NBT Bancorp from an “under perform” rating to a “neutral” rating in a research note on Tuesday, August 15th. Zacks Investment Research raised NBT Bancorp from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Friday, July 28th. BidaskClub lowered NBT Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Piper Jaffray Companies reissued a “hold” rating and issued a $35.00 target price on shares of NBT Bancorp in a report on Sunday, September 17th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $38.50 target price on shares of NBT Bancorp in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. NBT Bancorp has an average rating of “Hold” and a consensus target price of $35.88.
Shares of NBT Bancorp Inc. (NBTB) opened at 37.47 on Tuesday. NBT Bancorp Inc. has a 12-month low of $31.28 and a 12-month high of $42.56. The firm has a 50 day moving average price of $34.47 and a 200-day moving average price of $36.14. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 20.15 and a beta of 0.91.
NBT Bancorp (NASDAQ:NBTB) last issued its quarterly earnings data on Monday, July 24th. The bank reported $0.49 EPS for the quarter, beating the 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 during the quarter, compared to analyst estimates of $100.91 million. During the same quarter in the prior year, the business posted $0.46 EPS. On average, equities analysts expect that NBT Bancorp Inc. will post $1.95 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were issued a dividend of $0.23 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.92 annualized dividend and a dividend yield of 2.46%. NBT Bancorp’s dividend payout ratio is presently 49.46%.
TRADEMARK VIOLATION NOTICE: This story was originally reported by Daily Political and is the property of of Daily Political. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this story can be accessed at https://www.dailypolitical.com/2017/10/10/dimensional-fund-advisors-lp-buys-23784-shares-of-nbt-bancorp-inc-nbtb.html.
NBT Bancorp Profile
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.
Receive News & Ratings for NBT Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NBT Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.