Mackenzie Financial Corp Acquires 12,024 Shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Mackenzie Financial Corp lifted its holdings in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) by 192.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,281 shares of the bank's stock after purchasing an additional 12,024 shares during the period. Mackenzie Financial Corp's holdings in Bank of N.T. Butterfield & Son were worth $668,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Lazard Asset Management LLC purchased a new stake in Bank of N.T. Butterfield & Son during the fourth quarter valued at about $72,000. Quarry LP raised its position in shares of Bank of N.T. Butterfield & Son by 19.7% in the fourth quarter. Quarry LP now owns 3,069 shares of the bank's stock valued at $112,000 after purchasing an additional 505 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its position in shares of 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 valued at $157,000 after purchasing an additional 2,666 shares during the period. PDT Partners LLC purchased a new stake in shares of Bank of N.T. Butterfield & Son during the 4th quarter valued at approximately $217,000. Finally, Raymond James Financial Inc. bought a new position in Bank of N.T. Butterfield & Son in the 4th quarter worth approximately $219,000. 62.73% of the stock is currently owned by hedge funds and other institutional investors.

Bank of N.T. Butterfield & Son Price Performance

Shares of NTB stock traded down $0.22 during trading hours on Thursday, reaching $42.69. The stock had a trading volume of 61,973 shares, compared to its average volume of 188,712. The Bank of N.T. Butterfield & Son Limited has a 12 month low of $32.96 and a 12 month high of $43.17. The stock's fifty day simple moving average is $39.86 and its 200 day simple moving average is $38.42. The company has a current ratio of 0.63, a quick ratio of 0.66 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $2.03 billion, a PE ratio of 9.05 and a beta of 0.66.

Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last released its quarterly earnings results 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 net margin of 26.51% and a return on equity of 21.46%. The business had revenue of $148.20 million during the quarter, compared to analysts' expectations of $140.89 million. During the same quarter in the previous year, the company earned $1.17 EPS. The business's quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts predict 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend was Wednesday, May 7th. Bank of N.T. Butterfield & Son's dividend payout ratio is currently 36.51%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NTB shares. Wells Fargo & Company boosted 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 report on Wednesday, February 12th. Keefe, Bruyette & Woods boosted their price objective 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.

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.