Today, Great West Life Assurance Co. Can invests in NBT Bancorp Inc. (NBTB) Shares

Today, Great West Life Assurance Co. Can invests in NBT Bancorp Inc. (NBTB) Shares

Great West Life Assurance Co. Can boosted its position in shares of NBT Bancorp Inc. (NASDAQ:NBTB) by 1.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,594 shares of the company’s stock after buying an additional 883 shares during the period. Great West Life Assurance Co. Can owned approximately 0.14% of NBT Bancorp worth $1,925,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NBTB. Victory Capital Management Inc. boosted its position in shares of NBT Bancorp by 77.5% in the second quarter. Victory Capital Management Inc. now owns 4,270 shares of the company’s stock worth $122,000 after buying an additional 1,864 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of NBT Bancorp during the second quarter worth approximately $137,000. Societe Generale purchased a new position in shares of NBT Bancorp during the second quarter worth approximately $141,000. SG Americas Securities LLC purchased a new position in shares of NBT Bancorp during the second quarter worth approximately $141,000. Finally, PineBridge Investments L.P. boosted its position in shares of NBT Bancorp by 3.4% in the second quarter. PineBridge Investments L.P. now owns 5,447 shares of the company’s stock worth $156,000 after buying an additional 177 shares during the last quarter. 47.12% of the stock is owned by institutional investors and hedge funds.

Shares of NBT Bancorp Inc. (NASDAQ:NBTB) traded up 0.08% on Friday, reaching $39.55. The company had a trading volume of 79,482 shares. The firm has a 50-day moving average price of $35.18 and a 200 day moving average price of $31.44. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 22.22 and a beta of 0.79. NBT Bancorp Inc. has a 1-year low of $23.81 and a 1-year high of $40.96.

NBT Bancorp (NASDAQ:NBTB) last posted its quarterly earnings results on Monday, October 24th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.01. NBT Bancorp had a net margin of 19.35% and a return on equity of 8.73%. The company earned $96.31 million during the quarter. During the same quarter in the previous year, the business posted $0.45 earnings per share. NBT Bancorp’s revenue was up .8% on a year-over-year basis. Equities research analysts predict that NBT Bancorp Inc. will post $1.80 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.33%. NBT Bancorp’s payout ratio is 51.69%.

A number of research firms have recently issued reports on NBTB. Boenning Scattergood lowered NBT Bancorp from a “neutral” rating to an “underperform” rating and set a $33.50 price target for the company. in a research report on Thursday, November 17th. Piper Jaffray Cos. lowered NBT Bancorp from a “neutral” rating to an “underweight” rating and set a $31.00 price target for the company. in a research report on Wednesday, November 16th. Finally, Zacks Investment Research upgraded NBT Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research report on Tuesday, November 1st.

In other news, Director Patricia T. Civil sold 3,250 shares of NBT Bancorp stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $38.74, for a total transaction of $125,905.00. Following the completion of the sale, the director now directly owns 24,168 shares in the company, valued at approximately $936,268.32. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Timothy E. Delaney sold 10,000 shares of NBT Bancorp stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $38.59, for a total value of $385,900.00. Following the transaction, the director now owns 42,532 shares of the company’s stock, valued at $1,641,309.88. The disclosure for this sale can be found here. Insiders own 2.83% of the company’s stock.

NBT Bancorp Company Profile

NBT Bancorp Inc is a financial holding company. The Company conducts its business through NBT Bank, National Association (the Bank) and other subsidiaries, which provide commercial banking and financial services to customers in its market area, including central and upstate New York, northeastern Pennsylvania, southern New Hampshire, western Massachusetts, Vermont and Portland, Maine area.

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