Bridgeway Capital Management LLC Has $9.21 Million Stock Position in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Bridgeway Capital Management LLC boosted its holdings in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) by 18.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 252,061 shares of the bank's stock after acquiring an additional 40,082 shares during the quarter. Bridgeway Capital Management LLC owned about 0.53% of Bank of N.T. Butterfield & Son worth $9,213,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in NTB. R Squared Ltd purchased a new position in shares of Bank of N.T. Butterfield & Son in the 4th quarter valued at $72,000. Quarry LP lifted its stake in shares of 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 purchasing an additional 505 shares in the last quarter. PDT Partners LLC purchased a new stake in shares of Bank of N.T. Butterfield & Son in the fourth quarter worth about $217,000. Raymond James Financial Inc. acquired a new stake in shares of Bank of N.T. Butterfield & Son in the fourth quarter valued at about $219,000. Finally, Handelsbanken Fonder AB purchased a new stake in shares of Bank of N.T. Butterfield & Son during the 4th quarter valued at about $230,000. 62.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on NTB. Keefe, Bruyette & Woods boosted their target price 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 report on Friday, April 25th. Wells Fargo & Company increased their price objective 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.

Bank of N.T. Butterfield & Son Stock Performance

NYSE:NTB traded up $0.80 during mid-day trading on Monday, hitting $41.89. The stock had a trading volume of 45,896 shares, compared to its average volume of 189,162. The Bank of N.T. Butterfield & Son Limited has a 52 week low of $32.78 and a 52 week high of $42.29. The company has a 50 day simple moving average of $38.27 and a 200-day simple moving average of $37.81. 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 stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 8.87 and a beta of 0.66.

Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last released its quarterly 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. The company had revenue of $148.20 million for the quarter, compared to the consensus estimate 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%. Bank of N.T. Butterfield & Son's revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.17 EPS. On average, research analysts expect that The 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 will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th will be issued a $0.44 dividend. The ex-dividend date is Wednesday, May 7th. This represents a $1.76 annualized dividend and a dividend yield of 4.20%. Bank of N.T. Butterfield & Son's dividend payout ratio (DPR) is 36.51%.

Bank of N.T. Butterfield & Son 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.