Tudor Investment Corp ET AL Invests $1.75 Million in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Tudor Investment Corp ET AL bought a new stake in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 47,995 shares of the bank's stock, valued at approximately $1,754,000. Tudor Investment Corp ET AL owned about 0.10% of Bank of N.T. Butterfield & Son as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Clear Harbor Asset Management LLC grew its holdings in shares of Bank of N.T. Butterfield & Son by 2.7% during the 4th quarter. Clear Harbor Asset Management LLC now owns 11,540 shares of the bank's stock valued at $422,000 after purchasing an additional 300 shares during the last quarter. Legal & General Group Plc boosted its position in Bank of N.T. Butterfield & Son by 5.1% in the fourth quarter. Legal & General Group Plc now owns 7,697 shares of the bank's stock valued at $281,000 after buying an additional 374 shares in the last quarter. Stifel Financial Corp grew its stake in shares of Bank of N.T. Butterfield & Son by 5.6% during the fourth quarter. Stifel Financial Corp now owns 8,273 shares of the bank's stock worth $302,000 after buying an additional 441 shares during the last quarter. Quarry LP increased its holdings in shares of Bank of N.T. Butterfield & Son by 19.7% during the fourth quarter. Quarry LP now owns 3,069 shares of the bank's stock worth $112,000 after buying an additional 505 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Bank of N.T. Butterfield & Son by 1.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 88,519 shares of the bank's stock valued at $3,235,000 after acquiring an additional 971 shares during the last quarter. Institutional investors own 62.73% of the company's stock.

Bank of N.T. Butterfield & Son Trading Up 0.2 %

Shares of NTB stock traded up $0.07 on Friday, hitting $41.07. The company had a trading volume of 152,722 shares, compared to its average volume of 189,722. The Bank of N.T. Butterfield & Son Limited has a twelve month low of $32.78 and a twelve month high of $41.88. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.66 and a current ratio of 0.63. The firm has a market cap of $1.95 billion, a P/E ratio of 8.70 and a beta of 0.66. The stock's 50-day moving average is $38.27 and its two-hundred day moving average is $37.81.

Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The bank reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.27. Bank of N.T. Butterfield & Son had a net margin of 26.51% and a return on equity of 21.46%. The firm had revenue of $148.20 million during the quarter, compared to analyst estimates of $140.89 million. During the same quarter last year, the business earned $1.17 EPS. The company's revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts anticipate that The Bank of N.T. Butterfield & Son Limited will post 4.4 earnings per share for the current fiscal year.

Bank of N.T. Butterfield & Son Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th will be given a dividend of $0.44 per share. The ex-dividend date is Wednesday, May 7th. This represents a $1.76 dividend on an annualized basis and a yield of 4.29%. Bank of N.T. Butterfield & Son's dividend payout ratio (DPR) is currently 36.51%.

Analyst Ratings Changes

Several research firms have recently issued reports on NTB. Wells Fargo & Company upped their price objective on Bank of N.T. Butterfield & Son from $43.00 to $46.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods upped their price target on shares of Bank of N.T. Butterfield & Son from $44.00 to $48.00 and gave the company a "market perform" rating in a research report on Friday, April 25th.

About Bank of N.T. Butterfield & Son

The Bank of N.T. Butterfield & Son Ltd. provides community banking and wealth management business. The firm operates through the following geographical segments: Bermuda, the Cayman Islands, Channel Islands and the UK, and Other. The Bermuda and Cayman segments offer retail banking and wealth management.