Campbell & CO Investment Adviser LLC Acquires Shares of 18,603 NBT Bancorp Inc. $NBTB

Campbell & CO Investment Adviser LLC bought a new position in shares of NBT Bancorp Inc. (NASDAQ:NBTB) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 18,603 shares of the bank’s stock, valued at approximately $773,000.

A number of other hedge funds also recently modified their holdings of the stock. PL Capital Advisors LLC bought a new stake in NBT Bancorp during the second quarter worth about $16,326,000. Nuveen LLC acquired a new position in shares of NBT Bancorp in the 1st quarter valued at approximately $5,159,000. Jane Street Group LLC lifted its holdings in shares of NBT Bancorp by 1,188.4% during the 1st quarter. Jane Street Group LLC now owns 88,284 shares of the bank’s stock worth $3,787,000 after acquiring an additional 81,432 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of NBT Bancorp during the 1st quarter worth approximately $2,010,000. Finally, Members Advisory Group LLC acquired a new stake in shares of NBT Bancorp during the 2nd quarter worth approximately $1,393,000. Institutional investors own 58.46% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of NBT Bancorp in a research note on Wednesday, October 8th. Wall Street Zen raised NBT Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. DA Davidson lowered NBT Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Piper Sandler set a $47.00 target price on NBT Bancorp and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Finally, Janney Montgomery Scott raised shares of NBT Bancorp to a “strong-buy” rating in a report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $52.00.

NBT Bancorp Trading Down 0.5%

Shares of NBTB stock opened at $41.20 on Friday. NBT Bancorp Inc. has a twelve month low of $37.31 and a twelve month high of $52.44. The stock’s fifty day simple moving average is $41.66 and its 200 day simple moving average is $42.23. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $2.16 billion, a P/E ratio of 13.73 and a beta of 0.55.

NBT Bancorp (NASDAQ:NBTB) last announced its quarterly earnings results on Monday, October 27th. The bank reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.08. The firm had revenue of $186.07 million for the quarter, compared to analyst estimates of $183.87 million. NBT Bancorp had a return on equity of 10.35% and a net margin of 17.24%. As a group, sell-side analysts predict that NBT Bancorp Inc. will post 3.69 EPS for the current fiscal year.

NBT Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Monday, December 1st. NBT Bancorp’s payout ratio is presently 49.33%.

Insider Transactions at NBT Bancorp

In other NBT Bancorp news, Director Timothy E. Delaney purchased 10,000 shares of the company’s stock in a transaction dated Thursday, November 6th. The stock was purchased at an average price of $40.98 per share, with a total value of $409,800.00. Following the completion of the purchase, the director owned 51,885 shares of the company’s stock, valued at approximately $2,126,247.30. The trade was a 23.87% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 3.03% of the company’s stock.

NBT Bancorp Company 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.