Millennium Management LLC Has $11.94 Million Holdings in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Millennium Management LLC boosted its stake in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) by 84.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 326,748 shares of the bank's stock after buying an additional 149,803 shares during the period. Millennium Management LLC owned about 0.69% of Bank of N.T. Butterfield & Son worth $11,943,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of NTB. Lazard Asset Management LLC acquired a new position in shares of Bank of N.T. Butterfield & Son in the 4th quarter valued at about $72,000. R Squared Ltd acquired a new position in shares of Bank of N.T. Butterfield & Son in the 4th quarter valued at about $72,000. Quarry LP increased 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 purchasing 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. Finally, Raymond James Financial Inc. acquired a new position in shares of Bank of N.T. Butterfield & Son in the 4th quarter valued at about $219,000. Institutional investors and hedge funds own 62.73% of the company's stock.

Bank of N.T. Butterfield & Son Stock Performance

Shares of NYSE NTB traded up $0.63 during trading hours on Tuesday, hitting $42.56. 155,201 shares of the stock were exchanged, compared to its average volume of 189,623. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.63 and a quick ratio of 0.66. The company's 50 day moving average is $39.36 and its 200 day moving average is $38.20. The firm has a market capitalization of $2.02 billion, a P/E ratio of 9.02 and a beta of 0.66. The Bank of N.T. Butterfield & Son Limited has a one year low of $32.78 and a one year high of $43.09.

Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The bank reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.27. The business had revenue of $148.20 million during the quarter, compared to the consensus estimate 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%. Bank of N.T. Butterfield & Son's quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.17 EPS. On average, research analysts expect that The Bank of N.T. Butterfield & Son Limited will post 4.4 EPS for the current year.

Bank of N.T. Butterfield & Son Dividend Announcement

The company also recently disclosed 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 4.14%. The ex-dividend date was Wednesday, May 7th. Bank of N.T. Butterfield & Son's dividend payout ratio is currently 36.51%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods boosted their price target 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 boosted their price target on 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 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.