D. E. Shaw & Co. Inc. Has $1.32 Million Holdings in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

D. E. Shaw & Co. Inc. reduced its holdings in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) by 24.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,976 shares of the bank's stock after selling 11,400 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.08% of Bank of N.T. Butterfield & Son worth $1,315,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. R Squared Ltd acquired a new position in shares of Bank of N.T. Butterfield & Son in the 4th quarter worth approximately $72,000. Quarry LP boosted its holdings in shares of Bank of N.T. Butterfield & Son by 19.7% in 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 period. PDT Partners LLC acquired a new position in shares of Bank of N.T. Butterfield & Son in the 4th quarter valued at about $217,000. Raymond James Financial Inc. bought a new stake in shares of Bank of N.T. Butterfield & Son during the 4th quarter valued at about $219,000. Finally, Handelsbanken Fonder AB acquired a new stake in Bank of N.T. Butterfield & Son during the fourth quarter worth about $230,000. 62.73% of the stock is currently owned by hedge funds and other institutional investors.

Bank of N.T. Butterfield & Son Stock Down 1.0%

Shares of NYSE NTB traded down $0.42 during mid-day trading on Wednesday, reaching $42.21. The company had a trading volume of 7,164 shares, compared to its average volume of 185,543. The stock has a market capitalization of $2.01 billion, a PE ratio of 8.96 and a beta of 0.66. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.66 and a current ratio of 0.63. The Bank of N.T. Butterfield & Son Limited has a twelve month low of $32.78 and a twelve month high of $43.09. The stock's 50 day moving average is $39.45 and its 200-day moving average is $38.23.

Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The bank reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.27. Bank of N.T. Butterfield & Son had a net margin of 26.51% and a return on equity of 21.46%. The firm had revenue of $148.20 million for the quarter, compared to analyst estimates of $140.89 million. During the same quarter last year, the firm earned $1.17 earnings per share. The company's revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities analysts anticipate 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 announced a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend was Wednesday, May 7th. Bank of N.T. Butterfield & Son's dividend payout ratio is 36.51%.

Analysts Set New Price Targets

Several equities analysts have recently commented on NTB shares. Wells Fargo & Company upped their target price on 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 target 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 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.