Deutsche Bank AG lifted its stake in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) by 34.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,591 shares of the bank's stock after acquiring an additional 15,106 shares during the period. Deutsche Bank AG owned 0.13% of Bank of N.T. Butterfield & Son worth $2,178,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. Legal & General Group Plc boosted its stake in 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 valued at $281,000 after acquiring an additional 374 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Bank of N.T. Butterfield & Son by 5.6% during the 4th quarter. Stifel Financial Corp now owns 8,273 shares of the bank's stock valued at $302,000 after purchasing an additional 441 shares during the last quarter. Quarry LP boosted its position 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 worth $112,000 after purchasing an additional 505 shares in the last quarter. Sterling Capital Management LLC grew its stake in Bank of N.T. Butterfield & Son by 9.6% during the 4th quarter. Sterling Capital Management LLC now owns 14,139 shares of the bank's stock worth $517,000 after buying an additional 1,238 shares during the last quarter. Finally, Aquatic Capital Management LLC increased its position in Bank of N.T. Butterfield & Son by 25.0% during the 4th quarter. Aquatic Capital Management LLC now owns 9,749 shares of the bank's stock valued at $356,000 after buying an additional 1,949 shares in the last quarter. 62.73% of the stock is currently owned by hedge funds and other institutional investors.
Bank of N.T. Butterfield & Son Stock Performance
NTB stock traded up $0.65 during midday trading on Tuesday, reaching $42.58. The stock had a trading volume of 75,459 shares, compared to its average volume of 189,350. The firm has a fifty day simple moving average of $39.36 and a two-hundred day simple moving average of $38.20. The Bank of N.T. Butterfield & Son Limited has a 52-week low of $32.78 and a 52-week high of $43.09. 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 stock has a market cap of $2.02 billion, a PE ratio of 9.02 and a beta of 0.66.
Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The bank reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates of $1.03 by $0.27. The firm had revenue of $148.20 million for the quarter, compared to analyst estimates of $140.89 million. Bank of N.T. Butterfield & Son had a net margin of 26.51% and a return on equity of 21.46%. The business's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.17 earnings per share. As a group, equities research analysts anticipate that The Bank of N.T. Butterfield & Son Limited will post 4.4 EPS for the current year.
Bank of N.T. Butterfield & Son Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were given a $0.44 dividend. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a $1.76 annualized dividend and a yield of 4.13%. Bank of N.T. Butterfield & Son's dividend payout ratio is presently 36.51%.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on NTB. Wells Fargo & Company raised their price target on 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. Keefe, Bruyette & Woods boosted their target price 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 research report on Friday, April 25th.
Check Out Our Latest Research Report on Bank of N.T. Butterfield & Son
About Bank of N.T. Butterfield & Son
(
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
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
