Community Bank N.a. buys $2,154,206 stake in NBT Bancorp (NBTB)

NBT Bancorp (NBTB) : Community Bank N.a. scooped up 2,462 additional shares in NBT Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 65,677 shares of NBT Bancorp which is valued at $2,154,206.NBT Bancorp makes up approximately 0.50% of Community Bank N.a.’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in NBTB by selling 209 shares or 7.39% in the most recent quarter. The Hedge Fund company now holds 2,619 shares of NBTB which is valued at $85,903.Legal General Group Plc boosted its stake in NBTB in the latest quarter, The investment management firm added 28,969 additional shares and now holds a total of 40,828 shares of NBT Bancorp which is valued at $1,357,939.Cutler Group Lp boosted its stake in NBTB in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 613 shares of NBT Bancorp which is valued at $20,517.

NBT Bancorp closed down -0.21 points or -0.63% at $33.26 with 87,804 shares getting traded on Tuesday. Post opening the session at $33.48, the shares hit an intraday low of $33.06 and an intraday high of $33.63 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, NBT Bancorp reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $0.44. The company had revenue of $95.39 million for the quarter, compared to analysts expectations of $93.89 million. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

NBT Bancorp Inc. is a financial holding company. The Company through its subsidiaries consists of providing commercial banking and financial services to customers in its market area. The Company primarily operates through NBT Bank National Association (NBT Bank or the Bank) and other subsidiaries which provides a range of financial products to individuals corporations and municipalities throughout the central and upstate New York northeastern Pennsylvania western Massachusetts southern New Hampshire Vermont and the greater Portland Maine area. Deposit products offered by the Bank include demand deposit accounts savings accounts negotiable order of withdrawal (NOW) accounts money market deposit accounts (MMDA) and certificate of deposit (CD) accounts. The Bank also offers trust and investment and financial planning and life insurance services.

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