9,000 Shares in Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) Bought by SG Americas Securities LLC

SG Americas Securities LLC acquired a new stake in shares of Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,000 shares of the bank's stock, valued at approximately $350,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in Bank of N.T. Butterfield & Son by 216.7% during the 1st quarter. GAMMA Investing LLC now owns 1,346 shares of the bank's stock valued at $52,000 after buying an additional 921 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Bank of N.T. Butterfield & Son by 27.2% in the first quarter. Harbor Capital Advisors Inc. now owns 112,626 shares of the bank's stock worth $4,383,000 after acquiring an additional 24,107 shares during the last quarter. Wedge Capital Management L L P NC increased its holdings in shares of Bank of N.T. Butterfield & Son by 11.8% during the first quarter. Wedge Capital Management L L P NC now owns 25,324 shares of the bank's stock valued at $986,000 after acquiring an additional 2,680 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of Bank of N.T. Butterfield & Son by 192.2% in the 4th quarter. Mackenzie Financial Corp now owns 18,281 shares of the bank's stock worth $668,000 after purchasing an additional 12,024 shares during the last quarter. Finally, PharVision Advisers LLC purchased a new position in shares of Bank of N.T. Butterfield & Son in the 4th quarter worth about $475,000. Hedge funds and other institutional investors own 62.73% of the company's stock.

Bank of N.T. Butterfield & Son Stock Performance

NYSE:NTB traded up $0.61 during mid-day trading on Thursday, reaching $44.91. The company's stock had a trading volume of 151,715 shares, compared to its average volume of 180,670. The firm's fifty day moving average price is $41.67 and its two-hundred day moving average price is $38.96. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.09. The stock has a market cap of $2.13 billion, a P/E ratio of 9.32 and a beta of 0.64. Bank of N.T. Butterfield & Son Limited has a 12-month low of $33.04 and a 12-month high of $45.06.

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 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.27. The firm had revenue of $148.20 million for the quarter, compared to analysts' expectations of $140.89 million. Bank of N.T. Butterfield & Son had a return on equity of 21.30% and a net margin of 26.54%. The company's 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, equities analysts forecast that Bank of N.T. Butterfield & Son Limited will post 4.4 EPS for the current fiscal 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 given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.92%. 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%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised 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.

About Bank of N.T. Butterfield & Son

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.