Ceredex Value Advisors LLC Makes New Investment in NBT Bancorp Inc. $NBTB

21 Aug 2026, 08:29 by Tristan Rich · The Markets Daily

Ceredex Value Advisors LLC bought a new position in NBT Bancorp Inc. (NASDAQ:NBTB – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 276,950 shares of the bank’s stock, valued at approximately $13,673,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Private Advisor Group LLC increased its stake in shares of NBT Bancorp by 4.2% during the first quarter. Private Advisor Group LLC now owns 5,809 shares of the bank’s stock valued at $247,000 after purchasing an additional 233 shares in the last quarter. Ascent Wealth Partners LLC grew its holdings in shares of NBT Bancorp by 6.1% during the first quarter. Ascent Wealth Partners LLC now owns 5,353 shares of the bank’s stock valued at $228,000 after buying an additional 309 shares during the last quarter. Inspire Investing LLC raised its holdings in NBT Bancorp by 2.9% in the 4th quarter. Inspire Investing LLC now owns 11,257 shares of the bank’s stock worth $467,000 after acquiring an additional 315 shares during the last quarter. Bessemer Group Inc. lifted its position in NBT Bancorp by 63.8% in the 1st quarter. Bessemer Group Inc. now owns 832 shares of the bank’s stock valued at $35,000 after acquiring an additional 324 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its position in NBT Bancorp by 62.5% in the 4th quarter. Global Retirement Partners LLC now owns 1,037 shares of the bank’s stock valued at $43,000 after acquiring an additional 399 shares in the last quarter. 58.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Piper Sandler lifted their target price on NBT Bancorp from $50.00 to $56.00 and gave the stock an “overweight” rating in a report on Friday, June 26th. DA Davidson increased their price objective on NBT Bancorp from $52.00 to $59.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Stephens downgraded NBT Bancorp from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $52.00 to $55.00 in a report on Thursday, July 30th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $54.00 target price (up from $52.00) on shares of NBT Bancorp in a research report on Monday, August 3rd. Finally, Hovde Group lowered their target price on shares of NBT Bancorp from $47.00 to $46.50 and set a “market perform” rating on the stock in a research note on Monday, April 27th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $54.10.

Get Our Latest Report on NBT Bancorp

NBT Bancorp Trading Up 0.3%

Shares of NASDAQ:NBTB opened at $51.88 on Friday. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 12.68 and a beta of 0.48. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.87 and a current ratio of 0.87. The stock’s 50-day simple moving average is $50.98 and its two-hundred day simple moving average is $46.71. NBT Bancorp Inc. has a 52-week low of $39.19 and a 52-week high of $54.50.

NBT Bancorp (NASDAQ:NBTB – Get Free Report) last released its quarterly earnings results on Monday, July 27th. The bank reported $1.01 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.01). NBT Bancorp had a net margin of 22.58% and a return on equity of 11.27%. The business had revenue of $186.69 million for the quarter, compared to analysts’ expectations of $188.81 million. Analysts expect that NBT Bancorp Inc. will post 4.15 EPS for the current year.

NBT Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.40 per share. This is an increase from NBT Bancorp’s previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, September 1st. NBT Bancorp’s dividend payout ratio is currently 36.19%.

Insiders Place Their Bets

In related news, EVP Sarah A. Halliday sold 9,000 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $54.04, for a total value of $486,360.00. Following the transaction, the executive vice president directly owned 22,054 shares of the company’s stock, valued at approximately $1,191,798.16. This trade represents a 28.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ruth H. Mahoney sold 5,000 shares of NBT Bancorp stock in a transaction on Friday, June 5th. The shares were sold at an average price of $46.60, for a total value of $233,000.00. Following the transaction, the executive vice president owned 16,428 shares in the company, valued at $765,544.80. This trade represents a 23.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 20,600 shares of company stock worth $1,064,573. Company insiders own 2.99% of the company’s stock.

NBT Bancorp Profile

(Free Report)

NBT Bancorp, Inc (NASDAQ: NBTB) is the bank holding company for NBT Bank, N.A., a full-service commercial bank that serves both individual and corporate clients across the Northeastern United States. Through its branch network and digital channels, the company offers a comprehensive range of commercial banking services, including business lending, treasury management, cash management and specialized industry financing. Its consumer banking platform provides checking and savings accounts, certificates of deposit, home mortgages, home equity lines of credit and other lending solutions tailored to meet personal and household financial needs.

In addition to traditional banking, NBT Bancorp delivers wealth management and fiduciary services through its trust division, offering investment advisory, trust administration, retirement planning and estate settlement.