Mutual of America Capital Management LLC Raises Stake in NBT Bancorp Inc. (NASDAQ:NBTB)

Mutual of America Capital Management LLC lifted its position in NBT Bancorp Inc. (NASDAQ:NBTB – Get Rating) by 5.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,246 shares of the bank’s stock after purchasing an additional 323 shares during the period. Mutual of America Capital Management LLC’s holdings in NBT Bancorp were worth $226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of NBTB. SG Americas Securities LLC bought a new position in NBT Bancorp in the 1st quarter worth $163,000. NBT Bank N A NY lifted its position in shares of NBT Bancorp by 32.7% in the first quarter. NBT Bank N A NY now owns 212,567 shares of the bank’s stock valued at $7,680,000 after acquiring an additional 52,358 shares in the last quarter. Comerica Bank boosted its stake in shares of NBT Bancorp by 1.4% in the first quarter. Comerica Bank now owns 38,224 shares of the bank’s stock worth $1,394,000 after acquiring an additional 535 shares during the period. Strategic Financial Services Inc grew its position in shares of NBT Bancorp by 4.1% during the first quarter. Strategic Financial Services Inc now owns 7,311 shares of the bank’s stock worth $264,000 after purchasing an additional 287 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in NBT Bancorp during the 1st quarter valued at approximately $713,000. 55.74% of the stock is currently owned by institutional investors.

NBT Bancorp Stock Down 1.6 %

NASDAQ NBTB opened at $40.27 on Wednesday. NBT Bancorp Inc. has a 12 month low of $33.02 and a 12 month high of $42.33. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.17. The stock has a market cap of $1.72 billion, a PE ratio of 11.51 and a beta of 0.56. The stock’s 50 day moving average is $37.81 and its 200 day moving average is $37.55.

NBT Bancorp (NASDAQ:NBTB – Get Rating) last released its earnings results on Monday, July 25th. The bank reported $0.88 EPS for the quarter, topping the consensus estimate of $0.84 by $0.04. NBT Bancorp had a net margin of 29.56% and a return on equity of 12.53%. During the same period in the prior year, the firm earned $0.93 EPS. Research analysts predict that NBT Bancorp Inc. will post 3.41 EPS for the current fiscal year.

NBT Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend is Wednesday, August 31st. This is an increase from NBT Bancorp’s previous quarterly dividend of $0.28. NBT Bancorp’s payout ratio is 32.00%.

Insider Transactions at NBT Bancorp

In other news, EVP Shaunastar Hyle sold 1,264 shares of the business’s stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $40.11, for a total value of $50,699.04. Following the transaction, the executive vice president now owns 16,083 shares of the company’s stock, valued at $645,089.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.55% of the company’s stock.

NBT Bancorp Profile

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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 commercial and industrial, commercial real estate, agricultural, and commercial construction loans; indirect and direct consumer, home equity, mortgages, business banking loans, and commercial loans; and residential real estate loans.

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