Mackenzie Financial Corp increased its stake in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) by 192.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. PharVision Advisers LLC purchased a new stake in Bank of N.T. Butterfield & Son in the 4th quarter worth approximately $475,000. Voloridge Investment Management LLC grew its stake in Bank of N.T. Butterfield & Son by 14.3% in the 4th quarter. Voloridge Investment Management LLC now owns 44,757 shares of the bank's stock worth $1,636,000 after acquiring an additional 5,609 shares during the period. Two Sigma Advisers LP grew its stake in Bank of N.T. Butterfield & Son by 190.7% in the 4th quarter. Two Sigma Advisers LP now owns 21,800 shares of the bank's stock worth $797,000 after acquiring an additional 14,300 shares during the period. Two Sigma Investments LP grew its stake in Bank of N.T. Butterfield & Son by 21.4% in the 4th quarter. Two Sigma Investments LP now owns 69,983 shares of the bank's stock worth $2,558,000 after acquiring an additional 12,349 shares during the period. Finally, Strategic Global Advisors LLC grew its stake in Bank of N.T. Butterfield & Son by 0.4% in the 4th quarter. Strategic Global Advisors LLC now owns 172,742 shares of the bank's stock worth $6,314,000 after acquiring an additional 681 shares during the period. 62.73% of the stock is currently owned by institutional investors and hedge funds.
Bank of N.T. Butterfield & Son Trading Up 1.2%
Shares of NYSE NTB traded up $0.52 during trading on Friday, hitting $43.21. 160,345 shares of the company traded hands, compared to its average volume of 189,336. The Bank of N.T. Butterfield & Son Limited has a 1 year low of $32.96 and a 1 year high of $43.58. The company has a 50-day moving average price of $40.02 and a 200-day moving average price of $38.49. The firm has a market capitalization of $2.05 billion, a P/E ratio of 9.15 and a beta of 0.66. The company has a quick ratio of 0.66, a current ratio of 0.63 and a debt-to-equity ratio of 0.10.
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, beating the consensus estimate of $1.03 by $0.27. The company had revenue of $148.20 million during the quarter, compared to analysts' expectations 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 period in the previous year, the company earned $1.17 EPS. On average, equities 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. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a $1.76 annualized dividend and a dividend yield of 4.07%. Bank of N.T. Butterfield & Son's payout ratio is 36.51%.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on NTB. Keefe, Bruyette & Woods boosted their price objective 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 research note on Friday, April 25th. Wells Fargo & Company boosted their price objective 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.
Read Our Latest Stock Report on NTB
Bank of N.T. Butterfield & Son Profile
(
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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