JPMorgan Chase & Co. Decreases Position in NBT Bancorp Inc. (NBTB)

JPMorgan Chase & Co. trimmed its position in shares of NBT Bancorp Inc. (NASDAQ:NBTB) by 65.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,372 shares of the bank’s stock after selling 146,956 shares during the period. JPMorgan Chase & Co. owned 0.18% of NBT Bancorp worth $2,822,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Ameritas Investment Partners Inc. bought a new stake in shares of NBT Bancorp during the 1st quarter valued at $136,000. Bank of Montreal Can increased its holdings in NBT Bancorp by 37.2% in the 2nd quarter. Bank of Montreal Can now owns 4,021 shares of the bank’s stock valued at $149,000 after acquiring an additional 1,090 shares during the last quarter. National Planning Corp bought a new stake in NBT Bancorp in the 2nd quarter valued at $219,000. Neuberger Berman Group LLC increased its holdings in NBT Bancorp by 0.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 5,867 shares of the bank’s stock valued at $217,000 after acquiring an additional 47 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in NBT Bancorp by 153.5% in the 1st quarter. SG Americas Securities LLC now owns 7,869 shares of the bank’s stock valued at $292,000 after acquiring an additional 4,765 shares during the last quarter. Hedge funds and other institutional investors own 49.20% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “JPMorgan Chase & Co. Decreases Position in NBT Bancorp Inc. (NBTB)” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this piece can be read at https://ledgergazette.com/2017/10/21/jpmorgan-chase-co-sells-146956-shares-of-nbt-bancorp-inc-nbtb.html.

NBTB has been the topic of a number of research reports. BidaskClub upgraded shares of NBT Bancorp from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Piper Jaffray Companies restated a “hold” rating and issued a $35.50 target price on shares of NBT Bancorp in a report on Friday, July 14th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $38.50 price target on shares of NBT Bancorp in a research note on Tuesday, July 25th. ValuEngine raised shares of NBT Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research raised shares of NBT Bancorp from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $35.88.

Shares of NBT Bancorp Inc. (NASDAQ:NBTB) opened at 38.39 on Friday. The firm has a 50-day moving average of $35.68 and a 200 day moving average of $36.19. NBT Bancorp Inc. has a 52-week low of $31.28 and a 52-week high of $42.56. The stock has a market capitalization of $1.67 billion, a PE ratio of 20.64 and a beta of 0.91.

NBT Bancorp (NASDAQ:NBTB) last announced its quarterly earnings data on Monday, July 24th. The bank reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. NBT Bancorp had a return on equity of 8.81% and a net margin of 19.68%. The firm had revenue of $99.93 million for the quarter, compared to analysts’ expectations of $100.91 milli

Other hedge funds have also recently made changes to their positions in the company. Ameritas Investment Partners Inc. bought a new stake in shares of NBT Bancorp during the 1st quarter valued at $136,000. Bank of Montreal Can increased its holdings in NBT Bancorp by 37.2% in the 2nd quarter. Bank of Montreal Can now owns 4,021 shares of the bank’s stock valued at $149,000 after acquiring an additional 1,090 shares during the last quarter. National Planning Corp bought a new stake in NBT Bancorp in the 2nd quarter valued at $219,000. Neuberger Berman Group LLC increased its holdings in NBT Bancorp by 0.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 5,867 shares of the bank’s stock valued at $217,000 after acquiring an additional 47 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in NBT Bancorp by 153.5% in the 1st quarter. SG Americas Securities LLC now owns 7,869 shares of the bank’s stock valued at $292,000 after acquiring an additional 4,765 shares during the last quarter. Hedge funds and other institutional investors own 49.20% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “JPMorgan Chase & Co. Decreases Position in NBT Bancorp Inc. (NBTB)” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this piece can be read at https://ledgergazette.com/2017/10/21/jpmorgan-chase-co-sells-146956-shares-of-nbt-bancorp-inc-nbtb.html.

NBTB has been the topic of a number of research reports. BidaskClub upgraded shares of NBT Bancorp from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Piper Jaffray Companies restated a “hold” rating and issued a $35.50 target price on shares of NBT Bancorp in a report on Friday, July 14th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $38.50 price target on shares of NBT Bancorp in a research note on Tuesday, July 25th. ValuEngine raised shares of NBT Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research raised shares of NBT Bancorp from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $35.88.

Shares of NBT Bancorp Inc. (NASDAQ:NBTB) opened at 38.39 on Friday. The firm has a 50-day moving average of $35.68 and a 200 day moving average of $36.19. NBT Bancorp Inc. has a 52-week low of $31.28 and a 52-week high of $42.56. The stock has a market capitalization of $1.67 billion, a PE ratio of 20.64 and a beta of 0.91.

NBT Bancorp (NASDAQ:NBTB) last announced its quarterly earnings data on Monday, July 24th. The bank reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. NBT Bancorp had a return on equity of 8.81% and a net margin of 19.68%. The firm had revenue of $99.93 million for the quarter, compared to analysts’ expectations of $100.91 million. During the same period last year, the business posted $0.46 earnings per share. Equities research analysts forecast that NBT Bancorp Inc. will post $1.95 EPS for the current fiscal year.

About NBT Bancorp

NBT Bancorp Inc is a financial holding company. The Company conducts its business through NBT Bank, National Association (the Bank) and also through its other subsidiaries, which includes providing 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.

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

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