Susquehanna Fundamental Investments LLC Acquires Shares of 24,134 NBT Bancorp Inc. (NASDAQ:NBTB)

Susquehanna Fundamental Investments LLC acquired a new position in shares of NBT Bancorp Inc. (NASDAQ:NBTB) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 24,134 shares of the bank’s stock, valued at approximately $1,153,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in NBT Bancorp by 66.5% during the 4th quarter. GAMMA Investing LLC now owns 1,295 shares of the bank’s stock worth $62,000 after buying an additional 517 shares during the last quarter. Sterling Capital Management LLC lifted its stake in NBT Bancorp by 817.7% during the fourth quarter. Sterling Capital Management LLC now owns 1,450 shares of the bank’s stock worth $69,000 after purchasing an additional 1,292 shares during the last quarter. Rialto Wealth Management LLC acquired a new position in NBT Bancorp in the fourth quarter valued at approximately $87,000. US Bancorp DE increased its stake in NBT Bancorp by 42.0% in the fourth quarter. US Bancorp DE now owns 1,836 shares of the bank’s stock valued at $88,000 after purchasing an additional 543 shares during the last quarter. Finally, Crews Bank & Trust purchased a new position in shares of NBT Bancorp in the 4th quarter valued at $98,000. Institutional investors and hedge funds own 58.46% of the company’s stock.

NBT Bancorp Stock Performance

Shares of NBTB stock opened at $42.51 on Friday. The stock has a market capitalization of $2.01 billion, a PE ratio of 14.36 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. The stock’s 50-day moving average price is $42.43 and its 200 day moving average price is $46.11. NBT Bancorp Inc. has a 52-week low of $34.47 and a 52-week high of $52.44.

NBT Bancorp (NASDAQ:NBTB) last announced its quarterly earnings data on Thursday, April 24th. The bank reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.04. NBT Bancorp had a net margin of 17.84% and a return on equity of 9.39%. The company had revenue of $155.31 million for the quarter, compared to analysts’ expectations of $151.00 million. During the same period in the previous year, the company posted $0.68 EPS. As a group, equities research analysts forecast that NBT Bancorp Inc. will post 3.69 EPS for the current year.

Analyst Upgrades and Downgrades

NBTB has been the subject of several research analyst reports. Stephens upgraded shares of NBT Bancorp from an “equal weight” rating to an “overweight” rating and set a $53.00 price objective for the company in a research note on Wednesday, January 29th. Hovde Group initiated coverage on NBT Bancorp in a research note on Friday, March 21st. They set a “market perform” rating and a $50.00 price target on the stock. StockNews.com cut NBT Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, January 16th. Finally, DA Davidson lowered their target price on shares of NBT Bancorp from $57.00 to $53.00 and set a “buy” rating on the stock in a research report on Monday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, NBT Bancorp currently has a consensus rating of “Hold” and an average target price of $52.75.

Insider Buying and Selling

In related news, EVP Sarah A. Halliday sold 5,000 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $48.45, for a total transaction of $242,250.00. Following the transaction, the executive vice president now owns 25,564 shares of the company’s stock, valued at $1,238,575.80. This represents a 16.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Heidi M. Hoeller bought 2,553 shares of NBT Bancorp stock in a transaction on Tuesday, April 29th. The stock was acquired at an average cost of $43.21 per share, with a total value of $110,315.13. Following the acquisition, the director now owns 8,990 shares of the company’s stock, valued at $388,457.90. This trade represents a 39.66 % increase in their position. The disclosure for this purchase can be found here. 3.03% of the stock is currently owned by corporate insiders.

About NBT Bancorp

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.