UPDATE: Guggenheim Remains Neutral on NBT Bancorp

Guggenheim made no change to its NBT Bancorp NBTB Neutral rating and $22 price target in a research report published today. In the report, Guggenheim stated, "NBTB continues to position the franchise for future growth with recent branch acquisitions in NY, expansion in MA, and the pending Hampshire First acquisition in June; we anticipate these initiatives will contribute to earnings in 2013." Shares of NBT Bancorp were trading at $20.96 at the time of posting, down 0.66% from Monday's market close.