Bank of N.T. Butterfield & Son (NYSE:NTB) Hits New 12-Month High - What's Next?

Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $46.70 and last traded at $46.36, with a volume of 35969 shares trading hands. The stock had previously closed at $46.34.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised 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.

Bank of N.T. Butterfield & Son Stock Down 0.4%

The stock has a market capitalization of $2.19 billion, a P/E ratio of 9.57 and a beta of 0.64. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.65 and a quick ratio of 0.65. The stock's fifty day moving average is $42.80 and its two-hundred day moving average is $39.44.

Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The bank reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates of $1.03 by $0.27. The firm had revenue of $148.20 million during the quarter, compared to analysts' expectations of $140.89 million. Bank of N.T. Butterfield & Son had a net margin of 26.54% and a return on equity of 21.30%. The firm's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the firm posted $1.17 earnings per share. As a group, research analysts predict that 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend was Wednesday, May 7th. Bank of N.T. Butterfield & Son's dividend payout ratio is 36.51%.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in Bank of N.T. Butterfield & Son in the 1st quarter worth approximately $350,000. Two Sigma Advisers LP boosted its stake in Bank of N.T. Butterfield & Son by 190.7% in the 4th quarter. Two Sigma Advisers LP now owns 21,800 shares of the bank's stock worth $797,000 after purchasing an additional 14,300 shares during the period. Point72 Asset Management L.P. lifted its position in Bank of N.T. Butterfield & Son by 174.6% in the 4th quarter. Point72 Asset Management L.P. now owns 19,500 shares of the bank's stock worth $713,000 after buying an additional 12,400 shares in the last quarter. Two Sigma Investments LP lifted its position in Bank of N.T. Butterfield & Son by 21.4% in the 4th quarter. Two Sigma Investments LP now owns 69,983 shares of the bank's stock worth $2,558,000 after buying an additional 12,349 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Bank of N.T. Butterfield & Son by 12,226.1% in the 1st quarter. GAMMA Investing LLC now owns 52,386 shares of the bank's stock worth $2,039,000 after buying an additional 51,961 shares in the last quarter. Institutional investors and hedge funds own 62.73% of the company's stock.

Bank of N.T. Butterfield & Son Company Profile

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.