BlackRock Institutional Trust Company N.A. Has $38,729,000 Stake in NBT Bancorp Inc. (NBTB)

BlackRock Institutional Trust Company N.A. Has $38,729,000 Stake in NBT Bancorp Inc. (NBTB)

BlackRock Institutional Trust Company N.A. increased its position in NBT Bancorp Inc. (NASDAQ:NBTB) by 1.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,178,235 shares of the company’s stock after buying an additional 12,484 shares during the period. BlackRock Institutional Trust Company N.A. owned about 2.71% of NBT Bancorp worth $38,729,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. BlackRock Fund Advisors boosted its position in shares of NBT Bancorp by 1.8% in the second quarter. BlackRock Fund Advisors now owns 2,763,625 shares of the company’s stock worth $79,123,000 after buying an additional 48,151 shares during the period. BlackRock Inc. boosted its position in NBT Bancorp by 345.8% in the second quarter. BlackRock Inc. now owns 13,112 shares of the company’s stock valued at $376,000 after buying an additional 10,171 shares during the period. BlackRock Investment Management LLC boosted its position in NBT Bancorp by 4.5% in the second quarter. BlackRock Investment Management LLC now owns 194,713 shares of the company’s stock valued at $5,575,000 after buying an additional 8,416 shares during the period. PineBridge Investments L.P. boosted its position in NBT Bancorp by 3.4% in the second quarter. PineBridge Investments L.P. now owns 5,447 shares of the company’s stock valued at $156,000 after buying an additional 177 shares during the period. Finally, Vanguard Group Inc. boosted its position in NBT Bancorp by 6.4% in the second quarter. Vanguard Group Inc. now owns 3,583,786 shares of the company’s stock valued at $102,604,000 after buying an additional 215,048 shares during the period. 48.11% of the stock is currently owned by institutional investors and hedge funds.

NBT Bancorp Inc. (NASDAQ:NBTB) traded down 0.77% during midday trading on Friday, hitting $41.24. The company had a trading volume of 70,845 shares. NBT Bancorp Inc. has a 52 week low of $24.56 and a 52 week high of $42.56. The stock has a 50 day moving average price of $41.51 and a 200 day moving average price of $35.26. The company has a market capitalization of $1.80 billion, a P/E ratio of 22.91 and a beta of 0.86.

NBT Bancorp (NASDAQ:NBTB) last posted its quarterly earnings data on Monday, January 23rd. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. NBT Bancorp had a return on equity of 8.71% and a net margin of 19.47%. During the same period last year, the business posted $0.43 earnings per share. Equities analysts forecast that NBT Bancorp Inc. will post $1.88 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Monday, February 27th. NBT Bancorp’s payout ratio is 51.11%.

Several equities analysts have recently issued reports on the company. Zacks Investment Research raised NBT Bancorp from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research note on Friday. Boenning Scattergood cut NBT Bancorp from a “neutral” rating to an “underperform” rating and set a $33.50 target price on the stock. in a research note on Thursday, November 17th. Finally, Piper Jaffray Companies cut NBT Bancorp from a “neutral” rating to an “underweight” rating and set a $31.00 target price on the stock. in a research note on Wednesday, November 16th.

In other news, Director Jack H. Webb sold 25,435 shares of the firm’s stock in a transaction that occurred on Thursday, January 26th. The stock was sold at an average price of $41.35, for a total value of $1,051,737.25. Following the completion of the sale, the director now directly owns 75,158 shares of the company’s stock, valued at approximately $3,107,783.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP F Sheldon Prentice sold 7,650 shares of the firm’s stock in a transaction that occurred on Wednesday, January 25th. The shares were sold at an average price of $41.65, for a total value of $318,622.50. Following the completion of the sale, the executive vice president now directly owns 34,023 shares of the company’s stock, valued at $1,417,057.95. The disclosure for this sale can be found here. Insiders sold a total of 99,691 shares of company stock valued at $4,057,860 over the last ninety days. Corporate insiders own 2.83% of the company’s stock.

About NBT Bancorp

NBT Bancorp Inc is a financial holding company. The Company conducts its business through NBT Bank, National Association (the Bank) and other subsidiaries, which provide commercial banking and financial services to customers in its market area, including central and upstate New York, northeastern Pennsylvania, southern New Hampshire, western Massachusetts, Vermont and Portland, Maine area.

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