Bridgeway Capital Management LLC Raises Stock Position in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Bridgeway Capital Management LLC grew its holdings in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) by 18.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 252,061 shares of the bank's stock after buying an additional 40,082 shares during the quarter. Bridgeway Capital Management LLC owned 0.53% of Bank of N.T. Butterfield & Son worth $9,213,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Clear Harbor Asset Management LLC raised its position in Bank of N.T. Butterfield & Son by 2.7% during the fourth 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 period. Legal & General Group Plc raised its holdings in Bank of N.T. Butterfield & Son by 5.1% during the 4th 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 during the period. Stifel Financial Corp lifted its position in Bank of N.T. Butterfield & Son by 5.6% in 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 boosted its stake in 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 during the period. Finally, Harbor Capital Advisors Inc. increased its position in Bank of N.T. Butterfield & Son by 1.1% during the fourth 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.

Analyst Ratings Changes

A number of equities analysts recently commented on NTB shares. Keefe, Bruyette & Woods lifted their price target on shares of Bank of N.T. Butterfield & Son from $44.00 to $48.00 and gave the stock a "market perform" rating in a research note on Friday, April 25th. Wells Fargo & Company upped their target price 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.

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

NYSE NTB opened at $40.87 on Wednesday. The Bank of N.T. Butterfield & Son Limited has a 12 month low of $32.78 and a 12 month high of $41.88. The company's 50-day moving average price is $38.12 and its 200-day moving average price is $37.75. The stock has a market cap of $1.94 billion, a PE ratio of 8.66 and a beta of 0.66. The company has a current ratio of 0.63, a quick ratio of 0.66 and a debt-to-equity ratio of 0.10.

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 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $148.20 million for the quarter, compared to analyst estimates of $140.89 million. During the same period last year, the company posted $1.17 earnings per share. The company's quarterly revenue was up 3.8% compared to the same quarter last year. Equities research analysts forecast 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date is Wednesday, May 7th. Bank of N.T. Butterfield & Son's payout ratio is 36.51%.

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.

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