Allspring Global Investments Holdings LLC Has $4.27 Million Stock Position in Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB)

Allspring Global Investments Holdings LLC boosted its position in Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB - Free Report) by 5.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 109,717 shares of the bank's stock after buying an additional 5,586 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 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 and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in Bank of N.T. Butterfield & Son by 216.7% during the first quarter. GAMMA Investing LLC now owns 1,346 shares of the bank's stock worth $52,000 after purchasing an additional 921 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of Bank of N.T. Butterfield & Son in the 4th quarter valued at about $72,000. Quarry LP grew its position in shares of Bank of N.T. Butterfield & Son by 19.7% during the 4th quarter. Quarry LP now owns 3,069 shares of the bank's stock valued at $112,000 after buying an additional 505 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Bank of N.T. Butterfield & Son by 164.2% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,290 shares of the bank's stock worth $157,000 after acquiring an additional 2,666 shares during the last quarter. Finally, PDT Partners LLC bought a new position in shares of Bank of N.T. Butterfield & Son during the fourth quarter valued at approximately $217,000. Institutional investors and hedge funds own 62.73% of the company's stock.

Bank of N.T. Butterfield & Son Price Performance

NTB stock traded up $0.19 during trading on Wednesday, hitting $46.24. The company had a trading volume of 181,885 shares, compared to its average volume of 185,324. Bank of N.T. Butterfield & Son Limited has a fifty-two week low of $33.04 and a fifty-two week high of $46.77. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 9.59 and a beta of 0.64. The business has a 50 day moving average of $42.91 and a 200 day moving average of $39.49. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.09.

Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last posted 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. Bank of N.T. Butterfield & Son had a return on equity of 21.30% and a net margin of 26.54%. The company had revenue of $148.20 million for the quarter, compared to the consensus estimate of $140.89 million. During the same quarter in the previous year, the business earned $1.17 EPS. The company's quarterly revenue was up 3.8% compared to the same quarter last year. As a group, research analysts predict that 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend 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 presently 36.51%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Raymond James Financial restated an "outperform" rating and set a $50.00 price objective (up from $44.00) on shares of Bank of N.T. Butterfield & Son in a research note on Tuesday. Keefe, Bruyette & Woods increased their price objective 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 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.