Independent Advisor Alliance Purchases Shares of 4,996 NBT Bancorp Inc. (NASDAQ:NBTB)

Independent Advisor Alliance bought a new stake in NBT Bancorp Inc. (NASDAQ:NBTB) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,996 shares of the bank’s stock, valued at approximately $221,000.

Several other institutional investors have also recently made changes to their positions in NBTB. GAMMA Investing LLC lifted its position in shares of NBT Bancorp by 47.9% in the third quarter. GAMMA Investing LLC now owns 778 shares of the bank’s stock valued at $34,000 after buying an additional 252 shares during the last quarter. US Bancorp DE bought a new stake in shares of NBT Bancorp during the third quarter worth approximately $57,000. Quest Partners LLC acquired a new stake in NBT Bancorp during the 3rd quarter worth approximately $57,000. AQR Capital Management LLC acquired a new position in NBT Bancorp in the 2nd quarter valued at $214,000. Finally, Focused Wealth Management Inc bought a new stake in shares of NBT Bancorp in the third quarter valued at about $217,000. Institutional investors and hedge funds own 58.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NBTB. Stephens reiterated an “equal weight” rating and issued a $49.00 price target on shares of NBT Bancorp in a research report on Tuesday, September 10th. StockNews.com lowered NBT Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, NBT Bancorp presently has a consensus rating of “Hold” and a consensus price target of $42.60.

Insider Activity at NBT Bancorp

In related news, EVP Amy Wiles sold 556 shares of NBT Bancorp stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $45.00, for a total transaction of $25,020.00. Following the sale, the executive vice president now directly owns 28,909 shares in the company, valued at $1,300,905. This trade represents a 1.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director V Daniel Robinson II sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $44.10, for a total transaction of $882,000.00. Following the completion of the transaction, the director now owns 517,558 shares of the company’s stock, valued at approximately $22,824,307.80. This trade represents a 3.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 182,556 shares of company stock valued at $8,540,290 in the last quarter. Insiders own 3.32% of the company’s stock.

NBT Bancorp Trading Up 0.1 %

Shares of NBTB stock opened at $50.12 on Friday. NBT Bancorp Inc. has a fifty-two week low of $32.79 and a fifty-two week high of $52.31. The stock’s fifty day moving average price is $46.30 and its two-hundred day moving average price is $43.57. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $2.36 billion, a PE ratio of 17.65 and a beta of 0.49.

NBT Bancorp (NASDAQ:NBTB) last released its quarterly earnings data on Monday, October 28th. The bank reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.02. The business had revenue of $202.00 million for the quarter, compared to analyst estimates of $144.70 million. NBT Bancorp had a return on equity of 9.36% and a net margin of 17.37%. During the same period last year, the firm posted $0.84 earnings per share. Equities analysts predict that NBT Bancorp Inc. will post 2.91 EPS for the current fiscal year.

NBT Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Monday, December 2nd. NBT Bancorp’s dividend payout ratio is 47.89%.

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 indirect and direct consumer, home equity, mortgages, business banking loans, and commercial loans; commercial and industrial, commercial real estate, agricultural, and commercial construction loans; and residential real estate loans.