SG Americas Securities LLC Takes $350,000 Position in Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB)

SG Americas Securities LLC acquired a new position in shares of Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,000 shares of the bank's stock, valued at approximately $350,000.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in shares of Bank of N.T. Butterfield & Son by 216.7% during the first quarter. GAMMA Investing LLC now owns 1,346 shares of the bank's stock worth $52,000 after purchasing an additional 921 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Bank of N.T. Butterfield & Son during the fourth quarter worth about $72,000. Quarry LP boosted its stake in shares of Bank of N.T. Butterfield & Son by 19.7% during the fourth quarter. Quarry LP now owns 3,069 shares of the bank's stock worth $112,000 after buying an additional 505 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its holdings in Bank of N.T. Butterfield & Son by 164.2% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,290 shares of the bank's stock worth $157,000 after purchasing an additional 2,666 shares in the last quarter. Finally, PDT Partners LLC purchased a new position in Bank of N.T. Butterfield & Son during the fourth quarter worth about $217,000. Hedge funds and other institutional investors own 62.73% of the company's stock.

Bank of N.T. Butterfield & Son Price Performance

Bank of N.T. Butterfield & Son stock traded down $0.35 during mid-day trading on Friday, reaching $44.56. The company had a trading volume of 300,479 shares, compared to its average volume of 185,175. Bank of N.T. Butterfield & Son Limited has a 1 year low of $33.04 and a 1 year high of $45.10. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market capitalization of $2.12 billion, a P/E ratio of 9.24 and a beta of 0.64. The stock's 50-day simple moving average is $41.96 and its 200-day simple moving average is $39.08.

Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The bank reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.03 by $0.27. Bank of N.T. Butterfield & Son had a net margin of 26.54% and a return on equity of 21.30%. The company had revenue of $148.20 million during the quarter, compared to analysts' expectations of $140.89 million. During the same period last year, the company posted $1.17 earnings per share. The firm's quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities analysts predict that 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 business also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were issued 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 3.95%. Bank of N.T. Butterfield & Son's dividend payout ratio (DPR) is presently 36.51%.

Wall Street Analysts Forecast Growth

Separately, 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 report 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.