The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $43.10 and last traded at $43.04, with a volume of 116999 shares trading hands. The stock had previously closed at $42.60.
Analysts Set New Price Targets
Several equities analysts have recently commented on NTB shares. Keefe, Bruyette & Woods upped their price objective 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 note on Friday, April 25th. Wells Fargo & Company increased their price target on shares of Bank of N.T. Butterfield & Son from $43.00 to $46.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th.
Check Out Our Latest Stock Report on Bank of N.T. Butterfield & Son
Bank of N.T. Butterfield & Son Trading Down 0.0%
The company has a market capitalization of $2.04 billion, a P/E ratio of 9.09 and a beta of 0.66. The stock's 50 day moving average is $39.86 and its 200-day moving average is $38.42. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.63 and a quick ratio of 0.66.
Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last released its earnings results on Wednesday, April 23rd. The bank reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.27. The firm had revenue of $148.20 million during the quarter, compared to analyst estimates of $140.89 million. Bank of N.T. Butterfield & Son had a net margin of 26.51% and a return on equity of 21.46%. The business's revenue was up 3.8% on a year-over-year basis. During the same period last year, the business earned $1.17 earnings per share. As a group, equities research analysts anticipate that The Bank of N.T. Butterfield & Son Limited will post 4.4 earnings per share for the current year.
Bank of N.T. Butterfield & Son Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were paid a $0.44 dividend. The ex-dividend date was Wednesday, May 7th. This represents a $1.76 annualized dividend and a dividend yield of 4.10%. Bank of N.T. Butterfield & Son's payout ratio is currently 36.51%.
Institutional Trading of Bank of N.T. Butterfield & Son
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Rovida Investment Management Ltd purchased a new stake in shares of Bank of N.T. Butterfield & Son in the 4th quarter worth approximately $65,568,000. American Century Companies Inc. boosted its stake in Bank of N.T. Butterfield & Son by 10.0% during the 1st quarter. American Century Companies Inc. now owns 1,257,197 shares of the bank's stock valued at $48,930,000 after purchasing an additional 114,367 shares during the last quarter. Davis Selected Advisers boosted its stake in Bank of N.T. Butterfield & Son by 0.5% during the 4th quarter. Davis Selected Advisers now owns 1,076,424 shares of the bank's stock valued at $39,343,000 after purchasing an additional 5,712 shares during the last quarter. Westwood Holdings Group Inc. boosted its stake in Bank of N.T. Butterfield & Son by 8.6% during the 1st quarter. Westwood Holdings Group Inc. now owns 993,807 shares of the bank's stock valued at $38,679,000 after purchasing an additional 78,342 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Bank of N.T. Butterfield & Son by 1.7% during the 1st quarter. Invesco Ltd. now owns 883,728 shares of the bank's stock valued at $34,395,000 after purchasing an additional 14,840 shares during the last quarter. Hedge funds and other institutional investors own 62.73% of the company's stock.
About Bank of N.T. Butterfield & Son
(
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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.
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