NBT Bancorp Inc. (NASDAQ:NBTB) Shares Purchased by Guggenheim Capital LLC

Guggenheim Capital LLC boosted its stake in NBT Bancorp Inc. (NASDAQ:NBTB) by 9.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 107,894 shares of the bank’s stock after acquiring an additional 9,005 shares during the quarter. Guggenheim Capital LLC’s holdings in NBT Bancorp were worth $5,153,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NBTB. GAMMA Investing LLC lifted its position in shares of NBT Bancorp by 66.5% during the fourth quarter. GAMMA Investing LLC now owns 1,295 shares of the bank’s stock worth $62,000 after purchasing an additional 517 shares in the last quarter. Sterling Capital Management LLC increased its stake in NBT Bancorp by 817.7% during the 4th quarter. Sterling Capital Management LLC now owns 1,450 shares of the bank’s stock worth $69,000 after buying an additional 1,292 shares during the period. Rialto Wealth Management LLC acquired a new position in NBT Bancorp in the 4th quarter worth $87,000. US Bancorp DE boosted its position in NBT Bancorp by 42.0% in the 4th quarter. US Bancorp DE now owns 1,836 shares of the bank’s stock valued at $88,000 after buying an additional 543 shares during the last quarter. Finally, Crews Bank & Trust acquired a new stake in shares of NBT Bancorp during the fourth quarter valued at about $98,000. Institutional investors and hedge funds own 58.46% of the company’s stock.

Insider Activity at NBT Bancorp

In related news, Director Heidi M. Hoeller bought 678 shares of the stock in a transaction dated Friday, February 7th. The stock was bought at an average cost of $48.45 per share, with a total value of $32,849.10. Following the completion of the acquisition, the director now owns 6,437 shares of the company’s stock, valued at $311,872.65. This trade represents a 11.77 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Sarah A. Halliday sold 5,000 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $48.45, for a total value of $242,250.00. Following the sale, the executive vice president now owns 25,564 shares in the company, valued at $1,238,575.80. The trade was a 16.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.32% of the company’s stock.

Analyst Upgrades and Downgrades

NBTB has been the topic of several recent analyst reports. Stephens upgraded NBT Bancorp from an “equal weight” rating to an “overweight” rating and set a $53.00 price target on the stock in a research note on Wednesday, January 29th. StockNews.com lowered NBT Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, January 16th. Finally, Hovde Group started coverage on shares of NBT Bancorp in a research report on Friday, March 21st. They set a “market perform” rating and a $50.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $54.50.

NBT Bancorp Trading Up 0.5 %

Shares of NASDAQ NBTB opened at $39.76 on Friday. The stock has a market capitalization of $1.88 billion, a P/E ratio of 13.43 and a beta of 0.53. The stock’s 50 day moving average price is $43.64 and its two-hundred day moving average price is $46.23. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.17. NBT Bancorp Inc. has a 52-week low of $33.04 and a 52-week high of $52.44.

NBT Bancorp (NASDAQ:NBTB) last posted its quarterly earnings results on Monday, January 27th. The bank reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.01). NBT Bancorp had a net margin of 17.84% and a return on equity of 9.39%. During the same period last year, the business earned $0.72 EPS. On average, analysts anticipate that NBT Bancorp Inc. will post 3.69 earnings per share for the current fiscal year.

NBT Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.42%. The ex-dividend date was Monday, March 3rd. NBT Bancorp’s dividend payout ratio (DPR) is presently 45.95%.

NBT Bancorp Profile

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.