UBS Group AG Has $7.15 Million Stock Holdings in NBT Bancorp Inc. $NBTB

UBS Group AG boosted its stake in shares of NBT Bancorp Inc. (NASDAQ:NBTB) by 45.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 172,228 shares of the bank’s stock after buying an additional 53,564 shares during the quarter. UBS Group AG’s holdings in NBT Bancorp were worth $7,151,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Amalgamated Bank boosted its position in NBT Bancorp by 1.9% during the third quarter. Amalgamated Bank now owns 14,993 shares of the bank’s stock valued at $626,000 after purchasing an additional 282 shares during the last quarter. State of Alaska Department of Revenue raised its stake in NBT Bancorp by 1.4% in the fourth quarter. State of Alaska Department of Revenue now owns 28,929 shares of the bank’s stock valued at $1,200,000 after buying an additional 397 shares during the period. EverSource Wealth Advisors LLC raised its stake in NBT Bancorp by 1,645.9% in the second quarter. EverSource Wealth Advisors LLC now owns 646 shares of the bank’s stock valued at $27,000 after buying an additional 609 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of NBT Bancorp by 23.0% during the second quarter. Smartleaf Asset Management LLC now owns 3,316 shares of the bank’s stock worth $139,000 after purchasing an additional 620 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in NBT Bancorp by 2.5% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,077 shares of the bank’s stock worth $1,167,000 after acquiring an additional 689 shares during the period. 58.46% of the stock is owned by institutional investors and hedge funds.

NBT Bancorp Trading Up 1.6%

Shares of NBT Bancorp stock opened at $44.80 on Tuesday. The stock has a fifty day simple moving average of $43.52 and a 200 day simple moving average of $43.18. NBT Bancorp Inc. has a 12-month low of $39.19 and a 12-month high of $46.92. The company has a market capitalization of $2.33 billion, a P/E ratio of 12.76 and a beta of 0.47. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.09.

NBT Bancorp (NASDAQ:NBTB) last issued its quarterly earnings data on Thursday, April 23rd. The bank reported $0.97 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.01). NBT Bancorp had a net margin of 19.59% and a return on equity of 11.06%. The company had revenue of $184.48 million for the quarter, compared to the consensus estimate of $185.36 million. On average, sell-side analysts anticipate that NBT Bancorp Inc. will post 4.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NBTB shares. Piper Sandler initiated coverage on NBT Bancorp in a report on Monday, March 16th. They set an “overweight” rating and a $50.00 price objective on the stock. Hovde Group dropped their price objective on NBT Bancorp from $47.00 to $46.50 and set a “market perform” rating on the stock in a research note on Monday, April 27th. Janney Montgomery Scott downgraded NBT Bancorp from a “buy” rating to a “neutral” rating in a research note on Monday, February 23rd. DA Davidson reissued a “buy” rating and issued a $52.00 price objective on shares of NBT Bancorp in a research note on Monday, April 27th. Finally, Brean Capital downgraded NBT Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $49.50.

NBT Bancorp Company Profile

NBT Bancorp, Inc (NASDAQ: NBTB) is the bank holding company for NBT Bank, N.A., a full-service commercial bank that serves both individual and corporate clients across the Northeastern United States. Through its branch network and digital channels, the company offers a comprehensive range of commercial banking services, including business lending, treasury management, cash management and specialized industry financing. Its consumer banking platform provides checking and savings accounts, certificates of deposit, home mortgages, home equity lines of credit and other lending solutions tailored to meet personal and household financial needs.

In addition to traditional banking, NBT Bancorp delivers wealth management and fiduciary services through its trust division, offering investment advisory, trust administration, retirement planning and estate settlement.