NBT Bancorp Inc. (NASDAQ:NBTB) Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. lowered its stake in shares of NBT Bancorp Inc. (NASDAQ:NBTBGet Rating) by 3.8% during the second quarter, Holdings Channel reports. The firm owned 7,121 shares of the bank’s stock after selling 279 shares during the period. Baird Financial Group Inc.’s holdings in NBT Bancorp were worth $268,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NBTB. Lazard Asset Management LLC acquired a new stake in NBT Bancorp during the first quarter worth approximately $27,000. Captrust Financial Advisors raised its holdings in NBT Bancorp by 198.9% during the first quarter. Captrust Financial Advisors now owns 2,173 shares of the bank’s stock worth $79,000 after purchasing an additional 1,446 shares in the last quarter. SG Americas Securities LLC acquired a new stake in NBT Bancorp during the first quarter worth approximately $163,000. Quantbot Technologies LP acquired a new stake in NBT Bancorp during the first quarter worth approximately $189,000. Finally, Profund Advisors LLC acquired a new stake in NBT Bancorp during the first quarter worth approximately $216,000. Institutional investors and hedge funds own 56.70% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of NBT Bancorp in a report on Wednesday, October 12th. They set a “hold” rating on the stock.

NBT Bancorp Stock Performance

Shares of NBT Bancorp stock opened at $47.34 on Wednesday. The firm’s fifty day simple moving average is $42.92 and its 200-day simple moving average is $39.93. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 13.37 and a beta of 0.62. NBT Bancorp Inc. has a 12 month low of $34.58 and a 12 month high of $48.68. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.81 and a quick ratio of 0.81.

NBT Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.53%. NBT Bancorp’s payout ratio is 33.90%.

NBT Bancorp Profile

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for NBT Bancorp (NASDAQ:NBTB)

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