Bank of N.T. Butterfield & Son (NYSE:NTB) Reaches New 12-Month High - Should You Buy?

The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The company traded as high as $42.31 and last traded at $42.06, with a volume of 23346 shares. The stock had previously closed at $41.09.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on NTB shares. Keefe, Bruyette & Woods lifted their target price 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. Wells Fargo & Company lifted their target price on Bank of N.T. Butterfield & Son from $43.00 to $46.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th.

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

The stock has a market cap of $2.04 billion, a PE ratio of 9.09 and a beta of 0.66. 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 stock has a fifty day moving average price of $38.85 and a 200 day moving average price of $37.99.

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, beating analysts' consensus estimates of $1.03 by $0.27. Bank of N.T. Butterfield & Son had a return on equity of 21.46% and a net margin of 26.51%. The company had revenue of $148.20 million during the quarter, compared to analysts' expectations of $140.89 million. During the same quarter in the previous year, the business earned $1.17 EPS. Bank of N.T. Butterfield & Son's revenue was up 3.8% compared to the same quarter last year. Equities analysts expect that The Bank of N.T. Butterfield & Son Limited will post 4.4 EPS for the current year.

Bank of N.T. Butterfield & Son Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date is Wednesday, May 7th. Bank of N.T. Butterfield & Son's payout ratio is currently 36.51%.

Hedge Funds Weigh In On Bank of N.T. Butterfield & Son

Large investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its holdings in Bank of N.T. Butterfield & Son by 216.7% during the 1st quarter. GAMMA Investing LLC now owns 1,346 shares of the bank's stock valued at $52,000 after acquiring an additional 921 shares during the period. Lazard Asset Management LLC purchased a new position in Bank of N.T. Butterfield & Son during the 4th quarter valued at $72,000. R Squared Ltd purchased a new position in Bank of N.T. Butterfield & Son during the 4th quarter valued at $72,000. Quarry LP boosted its holdings in Bank of N.T. Butterfield & Son by 19.7% during the 4th quarter. Quarry LP now owns 3,069 shares of the bank's stock valued at $112,000 after acquiring an additional 505 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. boosted its holdings in Bank of N.T. Butterfield & Son by 164.2% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,290 shares of the bank's stock valued at $157,000 after acquiring an additional 2,666 shares during the period. Hedge funds and other institutional investors own 62.73% of the company's stock.

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.