According to the most recent report that TD Asset Management Inc. submitted to the Securities and Exchange Commission, the amount of NBT Bancorp Inc. (NASDAQ: NBTB) shares it owned increased by 38.0% during the third quarter.
After the end of the period, the institutional investor had a total holding of 253,600 shares of the bank’s stock, having purchased an additional 69,800 shares during the period.
Mhis brought the total number of shares owned by the investor to 253,600.
MD Asset Management Inc. had $9,700,000 worth of NBT Bancorp shares at the end of the most recent quarter, representing 0.59% of the company’s total outstanding shares.
A few additional hedge funds have also adjusted the total number of shares they are currently holding in their portfolios.
During the third quarter, the Teacher Retirement System of Texas achieved a 200.0% increase in the proportion of NBT Bancorp shares it owned.
Mhe Teacher Retirement System of Texas now has 20,587 shares of the company’s stock after purchasing an additional 13,724 shares during the most recent quarter.
Each share of the company’s stock has a current market value of $780,000.
During the third quarter, Victory Capital Management Inc.
Increased the proportion of NBT Bancorp stock owned by an amount equal to a 38.3% increase.
In the most recent quarter, Victory Capital Management Inc.
Bought an additional 48,315 shares of the bank’s stock, bringing their total holdings to 174,383 shares of the company’s stock, which are now worth a combined total of $6,618,000. Great West Life Assurance Company of Canada increased the amount of NBT Bancorp stock owned by 14.7% during the third quarter. Great West Life Assurance Company of Canada now has 49,570 shares of the bank’s stock, valued at $1,881,000, after making additional purchases of 6,364 shares during the time frame in question.
Mhis gives the company 49,570 shares of the bank’s stock.
Mhe New York State Teachers Retirement System increased the amount of NBT Bancorp stock owned by 1.7% during the third quarter of this fiscal year.
Mhe New York State Teachers Retirement System now has a total of 41,402 shares of the bank’s stock, which are currently valued at $1,571,000 after the purchase of an additional 676 shares during the most recent period.
Mhese shares have a current market value of $1,571,000.
And finally, during the third quarter, Handelsbanken Fonder AB increased its ownership stake in NBT Bancorp by 5.5% by purchasing additional shares. Following the acquisition of an additional 600 shares during the period in question, Handelsbanken Fonder AB now possesses 11,595 shares of the bank’s stock, collectively valued at a sum equal to $440,000. Shares of the company are currently held by hedge funds and other institutional investors, who collectively account for 55.87% of the total.
You can find the most recent research published on the NBTB stock here, and multiple analysts have released that.
Raymond James published a report on Wednesday, December 21, stating that the company would begin covering NBT Bancorp.
Mhe report was distributed to the public.
Mhey gave the stock a “strong-buy” recommendation and set the price target at $49.00 per share. Stephens lowered their price objective on NBT Bancorp, moving it from $47.00 to $42.00, in a report published on January 26. Finally, but certainly not least, StockNews.com shifted its recommendation for NBT Bancorp from “hold” to “sell” in a research report that was made public on Thursday.
On December 12, Director Heidi M. Hoeller purchased 750 shares of the company’s sto
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