UBS Group AG Has $7.15 Million Stake in NBT Bancorp Inc. $NBTB

UBS Group AG grew its holdings in NBT Bancorp Inc. (NASDAQ:NBTB) by 45.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 172,228 shares of the bank’s stock after purchasing an additional 53,564 shares during the quarter. UBS Group AG owned about 0.33% of NBT Bancorp worth $7,151,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. M&T Bank Corp boosted its stake in NBT Bancorp by 153.7% in the fourth quarter. M&T Bank Corp now owns 17,210 shares of the bank’s stock worth $715,000 after purchasing an additional 10,427 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in NBT Bancorp by 10.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,740 shares of the bank’s stock worth $695,000 after purchasing an additional 1,620 shares in the last quarter. Greenwood Capital Associates LLC bought a new stake in shares of NBT Bancorp during the fourth quarter worth $332,000. State of Alaska Department of Revenue raised its position in shares of NBT Bancorp by 1.4% during the fourth quarter. State of Alaska Department of Revenue now owns 28,929 shares of the bank’s stock worth $1,200,000 after acquiring an additional 397 shares during the last quarter. Finally, Daytona Street Capital LLC bought a new stake in shares of NBT Bancorp during the fourth quarter worth $198,000. Institutional investors and hedge funds own 58.46% of the company’s stock.

NBT Bancorp Trading Up 1.6%

NASDAQ NBTB opened at $44.80 on Tuesday. The stock has a 50-day simple moving average of $43.52 and a 200 day simple moving average of $43.18. The company has a market capitalization of $2.33 billion, a PE ratio of 12.76 and a beta of 0.47. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.09. NBT Bancorp Inc. has a 12 month low of $39.19 and a 12 month high of $46.92.

NBT Bancorp (NASDAQ:NBTB) last released its quarterly earnings data on Thursday, April 23rd. The bank reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.01). NBT Bancorp had a net margin of 19.59% and a return on equity of 11.06%. The company had revenue of $184.48 million during the quarter, compared to the consensus estimate of $185.36 million. Research analysts forecast that NBT Bancorp Inc. will post 4.15 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Piper Sandler assumed coverage on NBT Bancorp in a research report on Monday, March 16th. They set an “overweight” rating and a $50.00 target price for the company. DA Davidson restated a “buy” rating and set a $52.00 target price on shares of NBT Bancorp in a research report on Monday, April 27th. Weiss Ratings upgraded NBT Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, April 24th. Brean Capital downgraded NBT Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Finally, Hovde Group dropped their target price on NBT Bancorp from $47.00 to $46.50 and set a “market perform” rating for the company in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $49.50.

NBT Bancorp Company Profile

NBT Bancorp, Inc (NASDAQ: NBTB) is the bank holding company for NBT Bank, N.A., a full-service commercial bank that serves both individual and corporate clients across the Northeastern United States. Through its branch network and digital channels, the company offers a comprehensive range of commercial banking services, including business lending, treasury management, cash management and specialized industry financing. Its consumer banking platform provides checking and savings accounts, certificates of deposit, home mortgages, home equity lines of credit and other lending solutions tailored to meet personal and household financial needs.

In addition to traditional banking, NBT Bancorp delivers wealth management and fiduciary services through its trust division, offering investment advisory, trust administration, retirement planning and estate settlement.