Cubist Systematic Strategies LLC Purchases 67,593 Shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Cubist Systematic Strategies LLC boosted its position in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) by 124.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 122,106 shares of the bank's stock after purchasing an additional 67,593 shares during the period. Cubist Systematic Strategies LLC owned about 0.26% of Bank of N.T. Butterfield & Son worth $4,463,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in Bank of N.T. Butterfield & Son during the 4th quarter valued at about $72,000. Quarry LP raised 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 buying an additional 505 shares during the last quarter. PDT Partners LLC bought a new stake in shares of Bank of N.T. Butterfield & Son during the fourth quarter worth approximately $217,000. Raymond James Financial Inc. bought a new stake in shares of Bank of N.T. Butterfield & Son during the fourth quarter worth approximately $219,000. Finally, Handelsbanken Fonder AB bought a new stake in shares of Bank of N.T. Butterfield & Son during the fourth quarter worth approximately $230,000. 62.73% of the stock is owned by institutional investors.

Bank of N.T. Butterfield & Son Stock Down 0.5%

Shares of Bank of N.T. Butterfield & Son stock traded down $0.23 on Wednesday, hitting $42.59. The company had a trading volume of 144,655 shares, compared to its average volume of 190,268. The firm has a market capitalization of $2.02 billion, a P/E ratio of 9.02 and a beta of 0.66. The Bank of N.T. Butterfield & Son Limited has a twelve month low of $32.78 and a twelve month high of $44.19. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.63 and a quick ratio of 0.66. The stock has a 50-day moving average of $38.48 and a 200-day moving average of $37.88.

Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The bank reported $1.30 EPS for the quarter, topping analysts' consensus estimates of $1.03 by $0.27. The business had revenue of $148.20 million for 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 firm's revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.17 earnings per share. Research analysts predict 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date of this dividend is Wednesday, May 7th. Bank of N.T. Butterfield & Son's dividend payout ratio is presently 36.51%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Bank of N.T. Butterfield & Son from $43.00 to $46.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Keefe, Bruyette & Woods boosted 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 report on Friday, April 25th.

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.