Deutsche Bank AG Purchases 15,106 Shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Deutsche Bank AG lifted its stake in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) by 34.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,591 shares of the bank's stock after purchasing an additional 15,106 shares during the quarter. Deutsche Bank AG owned about 0.13% of Bank of N.T. Butterfield & Son worth $2,178,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Barclays PLC lifted its position in shares of Bank of N.T. Butterfield & Son by 276.9% during the 3rd quarter. Barclays PLC now owns 60,763 shares of the bank's stock valued at $2,241,000 after acquiring an additional 44,641 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Bank of N.T. Butterfield & Son during the fourth quarter valued at $291,000. R Squared Ltd purchased a new position in Bank of N.T. Butterfield & Son in the 4th quarter worth about $72,000. Jennison Associates LLC raised its holdings in Bank of N.T. Butterfield & Son by 10.8% during the 4th quarter. Jennison Associates LLC now owns 52,016 shares of the bank's stock worth $1,901,000 after buying an additional 5,061 shares during the period. Finally, Empowered Funds LLC raised its holdings in Bank of N.T. Butterfield & Son by 19.2% during the 4th quarter. Empowered Funds LLC now owns 155,861 shares of the bank's stock worth $5,697,000 after buying an additional 25,082 shares during the period. 62.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. 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 note on Friday, April 25th. Wells Fargo & Company lifted their target price on shares of Bank of N.T. Butterfield & Son from $43.00 to $46.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th.

Bank of N.T. Butterfield & Son Trading Down 0.8%

NYSE NTB traded down $0.34 during trading hours on Wednesday, hitting $42.29. The company's stock had a trading volume of 7,164 shares, compared to its average volume of 185,543. The firm has a market capitalization of $2.01 billion, a P/E ratio of 8.96 and a beta of 0.66. The stock has a fifty day moving average of $39.45 and a 200 day moving average of $38.23. The company has a quick ratio of 0.66, a current ratio of 0.63 and a debt-to-equity ratio of 0.10. The Bank of N.T. Butterfield & Son Limited has a twelve month low of $32.78 and a twelve month high of $43.09.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.03 by $0.27. The company had revenue of $148.20 million for the quarter, compared to analysts' expectations of $140.89 million. Bank of N.T. Butterfield & Son had a return on equity of 21.46% and a net margin of 26.51%. The business's revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.17 EPS. Equities research analysts forecast 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were paid a $0.44 dividend. The ex-dividend date was Wednesday, May 7th. This represents a $1.76 annualized dividend and a dividend yield of 4.16%. Bank of N.T. Butterfield & Son's dividend payout ratio (DPR) is presently 36.51%.

About Bank of N.T. Butterfield & Son

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.