Lisanti Capital Growth LLC Has $3.15 Million Stake in NBT Bancorp Inc. (NASDAQ:NBTB)

Lisanti Capital Growth LLC grew its stake in NBT Bancorp Inc. (NASDAQ:NBTB) by 53.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 66,035 shares of the bank’s stock after buying an additional 22,865 shares during the period. Lisanti Capital Growth LLC’s holdings in NBT Bancorp were worth $3,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. US Bancorp DE acquired a new stake in NBT Bancorp in the 3rd quarter worth $57,000. GAMMA Investing LLC lifted its holdings in shares of 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 acquiring an additional 517 shares during the period. Quest Partners LLC bought a new position in shares of NBT Bancorp during the 3rd quarter worth about $57,000. Crews Bank & Trust bought a new position in shares of NBT Bancorp during the 4th quarter worth about $98,000. Finally, KBC Group NV lifted its holdings in shares of NBT Bancorp by 47.5% during the 4th quarter. KBC Group NV now owns 2,152 shares of the bank’s stock worth $103,000 after acquiring an additional 693 shares during the period. 58.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NBT Bancorp news, EVP Sarah A. Halliday sold 5,000 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $48.45, for a total value of $242,250.00. Following the completion of the transaction, the executive vice president now directly owns 25,564 shares of the company’s stock, valued at approximately $1,238,575.80. The trade was a 16.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Heidi M. Hoeller bought 678 shares of the company’s stock in a transaction on Friday, February 7th. The stock was bought at an average cost of $48.45 per share, with a total value of $32,849.10. Following the completion of the purchase, the director now owns 6,437 shares of the company’s stock, valued at approximately $311,872.65. The trade was a 11.77 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders sold 5,694 shares of company stock valued at $277,935. Insiders own 3.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on NBTB shares. StockNews.com downgraded shares of NBT Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, January 16th. Keefe, Bruyette & Woods raised their price objective on shares of NBT Bancorp from $50.00 to $55.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Stephens raised 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 report on Wednesday, January 29th. Finally, DA Davidson began coverage on shares of NBT Bancorp in a report on Thursday, December 12th. They set a “neutral” rating and a $60.00 price objective for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $51.75.

NBT Bancorp Trading Down 1.0 %

Shares of NBTB stock opened at $44.56 on Friday. NBT Bancorp Inc. has a 12-month low of $32.79 and a 12-month high of $52.44. The company has a market capitalization of $2.10 billion, a P/E ratio of 15.05 and a beta of 0.52. The firm has a 50-day moving average price of $47.41 and a 200 day moving average price of $47.24. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.17.

NBT Bancorp (NASDAQ:NBTB) last announced its quarterly earnings results on Monday, January 27th. The bank reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.01). NBT Bancorp had a net margin of 17.84% and a return on equity of 9.39%. During the same quarter in the prior year, the company earned $0.72 EPS. Research analysts forecast that NBT Bancorp Inc. will post 3.69 earnings per share for the current fiscal year.

NBT Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend is Monday, March 3rd. NBT Bancorp’s dividend payout ratio is presently 45.95%.

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.