D. E. Shaw & Co. Inc. acquired a new position in NBT Bancorp Inc. (NASDAQ:NBTB) during the 4th quarter, Holdings Channel reports. The fund acquired 6,171 shares of the bank’s stock, valued at approximately $213,000.
Several other institutional investors have also modified their holdings of the stock. BlackRock Inc. grew its stake in shares of NBT Bancorp by 2.5% in the fourth quarter. BlackRock Inc. now owns 6,416,918 shares of the bank’s stock worth $221,962,000 after purchasing an additional 158,385 shares during the last quarter. Vanguard Group Inc grew its stake in shares of NBT Bancorp by 2.0% in the third quarter. Vanguard Group Inc now owns 4,353,893 shares of the bank’s stock worth $167,102,000 after purchasing an additional 85,263 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of NBT Bancorp by 2.0% in the third quarter. Vanguard Group Inc. now owns 4,353,893 shares of the bank’s stock worth $167,102,000 after purchasing an additional 85,263 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of NBT Bancorp by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,162,472 shares of the bank’s stock worth $74,800,000 after purchasing an additional 18,897 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of NBT Bancorp by 2.5% in the fourth quarter. Bank of New York Mellon Corp now owns 659,210 shares of the bank’s stock worth $22,803,000 after purchasing an additional 16,264 shares during the last quarter. 54.29% of the stock is currently owned by institutional investors.
Shares of NBT Bancorp stock opened at $37.32 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.17. NBT Bancorp Inc. has a twelve month low of $30.36 and a twelve month high of $41.88. The firm has a market capitalization of $1.61 billion, a P/E ratio of 14.58 and a beta of 0.86.
NBT Bancorp (NASDAQ:NBTB) last issued its quarterly earnings data on Monday, January 28th. The bank reported $0.65 earnings per share for the quarter, hitting the consensus estimate of $0.65. NBT Bancorp had a net margin of 24.00% and a return on equity of 11.42%. The company had revenue of $104.82 million for the quarter, compared to analysts’ expectations of $110.75 million. During the same quarter in the previous year, the firm posted $0.50 earnings per share. As a group, sell-side analysts predict that NBT Bancorp Inc. will post 2.62 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.04 dividend on an annualized basis and a yield of 2.79%. NBT Bancorp’s dividend payout ratio (DPR) is currently 40.63%.
Several analysts recently weighed in on the stock. Zacks Investment Research cut shares of NBT Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, February 21st. BidaskClub raised shares of NBT Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th.
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 commercial and industrial, commercial real estate, agricultural, and commercial construction loans; indirect and direct consumer, home equity, direct loans, mortgages, business banking loans, and commercial loans; and residential real estate loans, as well as development loans.
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