Allspring Global Investments Holdings LLC raised its holdings in Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB - Free Report) by 5.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 109,717 shares of the bank's stock after purchasing an additional 5,586 shares during the period. Allspring Global Investments Holdings LLC owned about 0.23% of Bank of N.T. Butterfield & Son worth $4,270,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of NTB. Legal & General Group Plc boosted its stake in shares of Bank of N.T. Butterfield & Son by 5.1% in the fourth quarter. Legal & General Group Plc now owns 7,697 shares of the bank's stock worth $281,000 after acquiring an additional 374 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of 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 acquiring an additional 441 shares during the last quarter. Quarry LP boosted its stake in shares of Bank of N.T. Butterfield & Son by 19.7% in the fourth quarter. Quarry LP now owns 3,069 shares of the bank's stock worth $112,000 after acquiring an additional 505 shares during the last quarter. Strategic Global Advisors LLC boosted its stake in shares of Bank of N.T. Butterfield & Son by 0.4% in the fourth quarter. Strategic Global Advisors LLC now owns 172,742 shares of the bank's stock worth $6,314,000 after acquiring an additional 681 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Bank of N.T. Butterfield & Son by 10.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,665 shares of the bank's stock worth $376,000 after acquiring an additional 918 shares during the last quarter. 62.73% of the stock is owned by institutional investors and hedge funds.
Bank of N.T. Butterfield & Son Trading Down 0.5%
Shares of Bank of N.T. Butterfield & Son stock traded down $0.22 during trading hours on Tuesday, hitting $45.97. The company's stock had a trading volume of 135,821 shares, compared to its average volume of 185,278. Bank of N.T. Butterfield & Son Limited has a twelve month low of $33.04 and a twelve month high of $46.78. The firm has a fifty day moving average of $42.80 and a 200-day moving average of $39.44. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 9.54 and a beta of 0.64. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.65 and a current ratio of 0.65.
Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The bank reported $1.30 EPS for the quarter, beating the consensus estimate of $1.03 by $0.27. Bank of N.T. Butterfield & Son had a return on equity of 21.30% and a net margin of 26.54%. The business had revenue of $148.20 million for the quarter, compared to analyst estimates of $140.89 million. During the same quarter in the prior year, the company posted $1.17 EPS. The company's quarterly revenue was up 3.8% on a year-over-year basis. Research analysts forecast that 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 business also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were issued a dividend of $0.44 per share. The ex-dividend date was Wednesday, May 7th. This represents a $1.76 annualized dividend and a yield of 3.83%. Bank of N.T. Butterfield & Son's dividend payout ratio (DPR) is 36.51%.
Wall Street Analysts Forecast Growth
NTB has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods lifted their price target on 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. Raymond James Financial reiterated an "outperform" rating and set a $50.00 price objective (up previously from $44.00) on shares of Bank of N.T. Butterfield & Son in a research report on Tuesday.
Check Out Our Latest Analysis on NTB
Bank of N.T. Butterfield & Son Company Profile
(
Free Report)
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.
Further Reading
Before you consider Bank of N.T. Butterfield & Son, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bank of N.T. Butterfield & Son wasn't on the list.
While Bank of N.T. Butterfield & Son currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
