Ameriprise Financial Inc. decreased its position in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 379,483 shares of the bank's stock after selling 15,823 shares during the quarter. Ameriprise Financial Inc. owned about 0.80% of Bank of N.T. Butterfield & Son worth $13,870,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently modified their holdings of the company. Barclays PLC increased its position in shares of Bank of N.T. Butterfield & Son by 276.9% during the third quarter. Barclays PLC now owns 60,763 shares of the bank's stock worth $2,241,000 after acquiring an additional 44,641 shares in the last quarter. Canoe Financial LP boosted its stake in Bank of N.T. Butterfield & Son by 1,655.3% during the 4th quarter. Canoe Financial LP now owns 8,355 shares of the bank's stock valued at $305,000 after purchasing an additional 7,879 shares during the last quarter. Clear Harbor Asset Management LLC boosted its stake in Bank of N.T. Butterfield & Son by 2.7% during the 4th 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 last quarter. Exchange Traded Concepts LLC bought a new stake in Bank of N.T. Butterfield & Son during the 4th quarter worth approximately $291,000. Finally, R Squared Ltd purchased a new stake in shares of Bank of N.T. Butterfield & Son in the fourth quarter worth approximately $72,000. 62.73% of the stock is owned by institutional investors and hedge funds.
Bank of N.T. Butterfield & Son Stock Performance
Shares of NYSE NTB traded down $0.16 during midday trading on Friday, reaching $41.90. The company's stock had a trading volume of 265,500 shares, compared to its average volume of 189,491. The stock has a market capitalization of $1.99 billion, a P/E ratio of 8.88 and a beta of 0.66. 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 firm has a 50 day moving average price of $39.30 and a 200-day moving average price of $38.18. The Bank of N.T. Butterfield & Son Limited has a 12-month low of $32.78 and a 12-month high of $43.09.
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 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.27. Bank of N.T. Butterfield & Son had a return on equity of 21.46% and a net margin of 26.51%. The business had revenue of $148.20 million for the quarter, compared to analysts' expectations of $140.89 million. During the same quarter in the previous year, the firm earned $1.17 earnings per share. The business's revenue was up 3.8% on a year-over-year basis. As a group, equities 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 Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were given 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 4.20%. Bank of N.T. Butterfield & Son's payout ratio is currently 36.51%.
Wall Street Analyst Weigh In
NTB has been the topic of several analyst reports. Keefe, Bruyette & Woods lifted their target price on Bank of N.T. Butterfield & Son from $44.00 to $48.00 and gave the company a "market perform" rating in a research report on Friday, April 25th. Wells Fargo & Company lifted 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 report on Wednesday, February 12th.
Check Out Our Latest Research Report on NTB
Bank of N.T. Butterfield & Son Profile
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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.
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