Dimensional Fund Advisors LP decreased its stake in NBT Bancorp Inc. (NASDAQ:NBTB) by 1.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,842,629 shares of the bank’s stock after selling 31,810 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.25% of NBT Bancorp worth $66,279,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds also recently modified their holdings of the business. Russell Investments Group Ltd. grew its position in shares of NBT Bancorp by 10.2% during the first quarter. Russell Investments Group Ltd. now owns 31,429 shares of the bank’s stock worth $1,253,000 after purchasing an additional 2,907 shares in the last quarter. Ensign Peak Advisors Inc grew its position in shares of NBT Bancorp by 241.4% during the first quarter. Ensign Peak Advisors Inc now owns 9,900 shares of the bank’s stock worth $395,000 after purchasing an additional 7,000 shares in the last quarter. Prudential Financial Inc. grew its position in shares of NBT Bancorp by 18.6% during the first quarter. Prudential Financial Inc. now owns 59,619 shares of the bank’s stock worth $2,379,000 after purchasing an additional 9,341 shares in the last quarter. Geode Capital Management LLC grew its position in shares of NBT Bancorp by 6.2% during the first quarter. Geode Capital Management LLC now owns 716,839 shares of the bank’s stock worth $28,601,000 after purchasing an additional 41,995 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its position in shares of NBT Bancorp by 221.2% during the first quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 48,826 shares of the bank’s stock worth $1,948,000 after purchasing an additional 33,626 shares in the last quarter. Institutional investors and hedge funds own 54.68% of the company’s stock. In related news, CFO Scott Allen Kingsley acquired 1,500 shares of the stock in a transaction dated Wednesday, July 28th. The stock was acquired at an average cost of $34.27 per share, with a total value of $51,405.00. Following the purchase, the chief financial officer now directly owns 5,000 shares of the company’s stock, valued at $171,350. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink . 3.72% of the stock is owned by company insiders. Shares of NBT Bancorp stock opened at $36.67 on Friday. The stock has a 50 day moving average of $35.78 and a 200 day moving average of $36.92. NBT Bancorp Inc. has a 12 month low of $26.10 and a 12 month high of $42.79. The firm has a market cap of $1.59 billion, a PE ratio of 10.75 and a beta of 0.69. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17. NBT Bancorp (NASDAQ:NBTB) last posted its quarterly earnings data on Sunday, July 25th. The bank reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.16. The business had revenue of $118.49 million during the quarter, compared to analyst estimates of $116.72 million. NBT Bancorp had a return on equity of 12.63% and a net margin of 30.38%. As a group, equities research analysts forecast that NBT Bancorp Inc. will post 3.5 earnings per share for the current fiscal year. The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 15th. Stockholders of record on Wednesday, September 1st were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 3.05%. This is a positive change from NBT Bancorp’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Tuesday, August 31st. NBT Bancorp’s dividend payout ratio (DPR) is presently 47.26%. Several research firms recently issued reports on NBTB. Piper Sandler upgraded NBT Bancorp from a “neutral” rating to an “overweight” rating and set a $40.00 target price for the company in a research report on Wednesday, July 28th. Zacks Investment Research lowered NBT Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, September 28th. Finally, Boenning Scattergood reissued a “neutral” rating on shares of NBT Bancorp in a research note on Tuesday, July 27th. NBT Bancorp Company Profile NBT Bancorp, Inc is a holding company, which engages in the provision of financial solutions. It offers commercial banking, retail banking, and wealth management, as well as trust and investment services. The company was founded in 1986 and is headquartered in Norwich, NY. Further Reading: What is the CBOE Russell 2000® Volatility Index? Want to see what other hedge funds are holding NBTB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NBT Bancorp Inc. (NASDAQ:NBTB).