NBT Bancorp Inc. (NBTB) Holdings Trimmed by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can trimmed its position in NBT Bancorp Inc. (NASDAQ:NBTB) by 3.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,555 shares of the bank’s stock after selling 1,756 shares during the quarter. Great West Life Assurance Co. Can owned about 0.13% of NBT Bancorp worth $2,156,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of NBTB. Wells Fargo & Company MN boosted its holdings in NBT Bancorp by 7.3% in the 1st quarter. Wells Fargo & Company MN now owns 79,752 shares of the bank’s stock valued at $2,830,000 after purchasing an additional 5,421 shares during the last quarter. Rhumbline Advisers boosted its holdings in NBT Bancorp by 1.6% in the 1st quarter. Rhumbline Advisers now owns 105,553 shares of the bank’s stock valued at $3,745,000 after purchasing an additional 1,650 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in NBT Bancorp by 43.3% in the 1st quarter. Victory Capital Management Inc. now owns 10,434 shares of the bank’s stock valued at $370,000 after purchasing an additional 3,152 shares during the last quarter. Swiss National Bank boosted its holdings in NBT Bancorp by 3.4% in the 1st quarter. Swiss National Bank now owns 75,800 shares of the bank’s stock valued at $2,689,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in NBT Bancorp by 1.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 294,744 shares of the bank’s stock valued at $10,458,000 after purchasing an additional 3,216 shares during the last quarter. Institutional investors own 52.28% of the company’s stock.
Several equities analysts have weighed in on NBTB shares. BidaskClub upgraded shares of NBT Bancorp from a “hold” rating to a “buy” rating in a report on Friday, July 6th. Zacks Investment Research upgraded shares of NBT Bancorp from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Wednesday, August 29th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of NBT Bancorp in a report on Wednesday, July 25th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $41.83.
Shares of NBTB stock opened at $39.46 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.18. NBT Bancorp Inc. has a one year low of $34.05 and a one year high of $41.88. The company has a market capitalization of $1.75 billion, a PE ratio of 17.79 and a beta of 0.87.
NBT Bancorp (NASDAQ:NBTB) last issued its quarterly earnings data on Monday, July 23rd. The bank reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. NBT Bancorp had a net margin of 20.92% and a return on equity of 10.30%. The firm had revenue of $109.90 million for the quarter, compared to analyst estimates of $108.45 million. During the same period in the prior year, the business posted $0.49 EPS. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. equities analysts expect that NBT Bancorp Inc. will post 2.53 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Friday, August 31st were issued a $0.25 dividend. The ex-dividend date was Thursday, August 30th. This represents a $1.00 annualized dividend and a dividend yield of 2.53%. NBT Bancorp’s dividend payout ratio is currently 50.76%.
About NBT Bancorp
NBT Bancorp Inc, a financial holding company, provides commercial banking, retail banking, and wealth management services. Its deposit products include demand deposit, savings, negotiable order of withdrawal, money market deposit, and certificate of deposit accounts. The company's loan portfolio comprises commercial, commercial real estate, agricultural, agricultural real estate, and business banking loans; consumer loans, such as indirect, home equity, and direct loans; and residential real estate mortgages, as well as real estate construction and development loans.
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