Schroder Investment Management Group Has $8.43 Million Stock Holdings in NBT Bancorp Inc. (NASDAQ:NBTB)

Schroder Investment Management Group boosted its stake in NBT Bancorp Inc. (NASDAQ:NBTB) by 11.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 175,942 shares of the bank’s stock after buying an additional 18,626 shares during the period. Schroder Investment Management Group’s holdings in NBT Bancorp were worth $8,433,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of NBT Bancorp during the fourth quarter worth $23,651,000. JPMorgan Chase & Co. raised its stake in NBT Bancorp by 307.0% in the 4th quarter. JPMorgan Chase & Co. now owns 376,849 shares of the bank’s stock worth $17,998,000 after purchasing an additional 284,267 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in NBT Bancorp in the 4th quarter valued at about $12,007,000. Norges Bank acquired a new position in shares of NBT Bancorp during the 4th quarter worth approximately $6,736,000. Finally, Great Lakes Advisors LLC bought a new position in shares of NBT Bancorp during the fourth quarter worth approximately $4,294,000. Institutional investors and hedge funds own 58.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Stephens raised NBT Bancorp from an “equal weight” rating to an “overweight” rating and set a $53.00 price target on the stock in a research report on Wednesday, January 29th. DA Davidson started coverage on NBT Bancorp in a report on Thursday, December 12th. They set a “neutral” rating and a $60.00 target price on the stock. Hovde Group started coverage on NBT Bancorp in a research note on Friday, March 21st. They issued a “market perform” rating and a $50.00 price target for the company. Finally, StockNews.com downgraded shares of NBT Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $54.50.

Insider Transactions at NBT Bancorp

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

NBT Bancorp Price Performance

Shares of NBTB stock opened at $38.83 on Friday. The business has a fifty day simple moving average of $45.51 and a 200 day simple moving average of $46.65. The company has a market cap of $1.83 billion, a P/E ratio of 13.12 and a beta of 0.53. 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 twelve month low of $32.93 and a twelve month high of $52.44.

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

NBT Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.34 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.36 dividend on an annualized basis and a yield of 3.50%. NBT Bancorp’s dividend payout ratio is currently 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.