15,439 Shares in NBT Bancorp Inc. (NASDAQ:NBTB) Bought by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. bought a new position in NBT Bancorp Inc. (NASDAQ:NBTB) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 15,439 shares of the bank’s stock, valued at approximately $647,000.

Several other institutional investors have also recently bought and sold shares of NBTB. SG Americas Securities LLC bought a new position in NBT Bancorp in the 3rd quarter worth $498,000. State of Alaska Department of Revenue increased its holdings in shares of NBT Bancorp by 4.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 29,406 shares of the bank’s stock worth $931,000 after purchasing an additional 1,176 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of NBT Bancorp by 8.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 126,564 shares of the bank’s stock worth $4,011,000 after purchasing an additional 9,901 shares during the period. Maryland State Retirement & Pension System increased its holdings in shares of NBT Bancorp by 4.1% during the 3rd quarter. Maryland State Retirement & Pension System now owns 17,396 shares of the bank’s stock worth $551,000 after purchasing an additional 681 shares during the period. Finally, Raymond James & Associates increased its holdings in shares of NBT Bancorp by 9.4% during the 3rd quarter. Raymond James & Associates now owns 72,460 shares of the bank’s stock worth $2,296,000 after purchasing an additional 6,197 shares during the period. Institutional investors own 58.46% of the company’s stock.

Insider Buying and Selling at NBT Bancorp

In other NBT Bancorp news, Director Lowell A. Seifter sold 4,770 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $37.50, for a total value of $178,875.00. Following the transaction, the director now directly owns 44,362 shares in the company, valued at $1,663,575. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other NBT Bancorp news, Director Lowell A. Seifter sold 4,770 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $37.50, for a total value of $178,875.00. Following the transaction, the director now directly owns 44,362 shares in the company, valued at $1,663,575. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Lowell A. Seifter sold 3,230 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $36.96, for a total transaction of $119,380.80. Following the completion of the transaction, the director now owns 49,132 shares in the company, valued at $1,815,918.72. The disclosure for this sale can be found here. Insiders have sold a total of 8,641 shares of company stock worth $319,806 over the last ninety days. Corporate insiders own 3.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Piper Sandler dropped their price objective on shares of NBT Bancorp from $42.00 to $41.00 and set an “overweight” rating on the stock in a report on Thursday, January 25th. Janney Montgomery Scott upgraded shares of NBT Bancorp from a “neutral” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Thursday, March 21st. Raymond James boosted their price objective on shares of NBT Bancorp from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. Keefe, Bruyette & Woods dropped their price objective on shares of NBT Bancorp from $45.00 to $41.00 and set a “market perform” rating on the stock in a report on Thursday, January 25th. Finally, Stephens upgraded shares of NBT Bancorp from an “equal weight” rating to an “overweight” rating and set a $42.00 target price on the stock in a research report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.60.

NBT Bancorp Price Performance

Shares of NBT Bancorp stock opened at $34.79 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.86 and a current ratio of 0.86. The firm’s 50-day simple moving average is $34.72 and its 200-day simple moving average is $36.21. NBT Bancorp Inc. has a twelve month low of $27.52 and a twelve month high of $43.77. The firm has a market cap of $1.64 billion, a P/E ratio of 13.08 and a beta of 0.51.

NBT Bancorp (NASDAQ:NBTB) last released its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.02). The firm had revenue of $137.66 million during the quarter, compared to analyst estimates of $138.87 million. NBT Bancorp had a net margin of 17.86% and a return on equity of 11.10%. As a group, research analysts expect that NBT Bancorp Inc. will post 2.89 EPS for the current fiscal year.

NBT Bancorp Company 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.