9,926 Shares in NBT Bancorp Inc. (NASDAQ:NBTB) Purchased by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. bought a new stake in shares of NBT Bancorp Inc. (NASDAQ:NBTB) during the 3rd quarter, HoldingsChannel reports. The firm bought 9,926 shares of the bank’s stock, valued at approximately $439,000.

A number of other large investors also recently made changes to their positions in the business. GAMMA Investing LLC boosted its holdings in shares of NBT Bancorp by 47.9% during the third quarter. GAMMA Investing LLC now owns 778 shares of the bank’s stock worth $34,000 after purchasing an additional 252 shares during the period. US Bancorp DE acquired a new stake in shares of NBT Bancorp during the 3rd quarter valued at $57,000. Quest Partners LLC purchased a new position in shares of NBT Bancorp during the 3rd quarter valued at $57,000. Focused Wealth Management Inc purchased a new position in shares of NBT Bancorp during the 3rd quarter valued at $217,000. Finally, Ascent Wealth Partners LLC acquired a new position in shares of NBT Bancorp in the third quarter worth $218,000. Institutional investors and hedge funds own 58.46% of the company’s stock.

NBT Bancorp Trading Up 2.3 %

NBT Bancorp stock opened at $50.45 on Monday. NBT Bancorp Inc. has a one year low of $32.79 and a one year high of $51.93. The company’s fifty day moving average price is $45.81 and its two-hundred day moving average price is $43.17. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of 17.76 and a beta of 0.49.

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

NBT Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Monday, December 2nd. NBT Bancorp’s payout ratio is 47.89%.

Insider Buying and Selling

In related news, Director V Daniel Robinson II sold 50,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $44.58, for a total transaction of $2,229,000.00. Following the completion of the sale, the director now owns 417,558 shares in the company, valued at $18,614,735.64. This represents a 10.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Amy Wiles sold 556 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $45.00, for a total value of $25,020.00. Following the completion of 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 disclosure for this sale can be found here. In the last three months, insiders sold 172,556 shares of company stock valued at $8,039,690. Company insiders own 3.32% of the company’s stock.

Analyst Upgrades and Downgrades

NBTB has been the topic of a number of recent research reports. Stephens restated an “equal weight” rating and issued a $49.00 target price on shares of NBT Bancorp in a research note on Tuesday, September 10th. StockNews.com raised NBT Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, NBT Bancorp has a consensus rating of “Hold” and an average price target of $42.60.

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.