PharVision Advisers LLC Invests $475,000 in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

PharVision Advisers LLC acquired a new position in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 12,999 shares of the bank's stock, valued at approximately $475,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Rovida Investment Management Ltd acquired a new position in Bank of N.T. Butterfield & Son during the fourth quarter worth $65,568,000. American Century Companies Inc. raised its holdings in shares of Bank of N.T. Butterfield & Son by 9.9% in the 4th quarter. American Century Companies Inc. now owns 1,142,830 shares of the bank's stock valued at $41,770,000 after buying an additional 103,339 shares during the period. Davis Selected Advisers lifted its stake in Bank of N.T. Butterfield & Son by 0.5% during the 4th quarter. Davis Selected Advisers now owns 1,076,424 shares of the bank's stock worth $39,343,000 after acquiring an additional 5,712 shares in the last quarter. Invesco Ltd. boosted its holdings in Bank of N.T. Butterfield & Son by 3.3% during the 4th quarter. Invesco Ltd. now owns 868,888 shares of the bank's stock valued at $31,758,000 after acquiring an additional 27,619 shares during the period. Finally, Adage Capital Partners GP L.L.C. boosted its holdings in Bank of N.T. Butterfield & Son by 10.7% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 600,603 shares of the bank's stock valued at $21,952,000 after acquiring an additional 57,815 shares during the period. Institutional investors and hedge funds own 62.73% of the company's stock.

Bank of N.T. Butterfield & Son Stock Down 0.4%

NTB traded down $0.16 on Monday, hitting $41.90. 265,500 shares of the company were exchanged, compared to its average volume of 189,761. The Bank of N.T. Butterfield & Son Limited has a twelve month low of $32.78 and a twelve month high of $43.09. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 8.88 and a beta of 0.66. 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 50-day moving average price of $39.30 and a two-hundred day moving average price of $38.17.

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. Bank of N.T. Butterfield & Son had a return on equity of 21.46% and a net margin of 26.51%. The business had revenue of $148.20 million during the quarter, compared to analysts' expectations of $140.89 million. During the same quarter last year, the business posted $1.17 EPS. The business's quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities analysts predict that The Bank of N.T. Butterfield & Son Limited will post 4.4 earnings per share for the current year.

Bank of N.T. Butterfield & Son Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 4.20%. Bank of N.T. Butterfield & Son's dividend payout ratio is currently 36.51%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NTB. Keefe, Bruyette & Woods increased their price target 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. Wells Fargo & Company upped their target price on shares of Bank of N.T. Butterfield & Son from $43.00 to $46.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th.

Bank of N.T. Butterfield & Son 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.