Balyasny Asset Management L.P. lifted its holdings in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) by 143.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,779 shares of the bank's stock after purchasing an additional 28,114 shares during the period. Balyasny Asset Management L.P. owned about 0.10% of Bank of N.T. Butterfield & Son worth $1,746,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of NTB. Rovida Investment Management Ltd purchased a new position in shares of Bank of N.T. Butterfield & Son in the 4th quarter valued at about $65,568,000. Norges Bank purchased a new position in shares of Bank of N.T. Butterfield & Son in the 4th quarter valued at about $5,700,000. LSV Asset Management increased its stake in shares of Bank of N.T. Butterfield & Son by 63.8% in the 4th quarter. LSV Asset Management now owns 347,499 shares of the bank's stock valued at $12,701,000 after purchasing an additional 135,399 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Bank of N.T. Butterfield & Son by 9.9% in the 4th quarter. American Century Companies Inc. now owns 1,142,830 shares of the bank's stock valued at $41,770,000 after purchasing an additional 103,339 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Bank of N.T. Butterfield & Son by 22.0% in the 4th quarter. Northern Trust Corp now owns 383,006 shares of the bank's stock valued at $13,999,000 after purchasing an additional 69,066 shares in the last quarter. Hedge funds and other institutional investors own 62.73% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the company. Wells Fargo & Company lifted their price target 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 lifted their price objective on Bank of N.T. Butterfield & Son from $44.00 to $48.00 and gave the stock a "market perform" rating in a report on Friday, April 25th.
View Our Latest Stock Report on Bank of N.T. Butterfield & Son
Bank of N.T. Butterfield & Son Trading Up 2.6%
NTB stock opened at $42.16 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.66 and a debt-to-equity ratio of 0.10. The Bank of N.T. Butterfield & Son Limited has a 12-month low of $32.78 and a 12-month high of $42.47. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 8.93 and a beta of 0.66. The business's 50-day moving average is $38.36 and its 200 day moving average is $37.85.
Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $148.20 million for the quarter, compared to analysts' expectations of $140.89 million. Bank of N.T. Butterfield & Son had a return on equity of 21.46% and a net margin of 26.51%. Bank of N.T. Butterfield & Son's revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.17 EPS. On average, sell-side analysts anticipate that The Bank of N.T. Butterfield & Son Limited will post 4.4 EPS for the current fiscal year.
Bank of N.T. Butterfield & Son Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 4.17%. The ex-dividend date is Wednesday, May 7th. Bank of N.T. Butterfield & Son's dividend payout ratio is currently 36.51%.
About Bank of N.T. Butterfield & Son
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding NTB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report).
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