GAMMA Investing LLC Has $2.04 Million Stake in Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB)

GAMMA Investing LLC lifted its position in Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB - Free Report) by 12,226.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,386 shares of the bank's stock after buying an additional 51,961 shares during the quarter. GAMMA Investing LLC owned about 0.11% of Bank of N.T. Butterfield & Son worth $2,039,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NTB. Lazard Asset Management LLC bought a new position in shares of Bank of N.T. Butterfield & Son in the 4th quarter valued at about $72,000. Quarry LP raised its stake in Bank of N.T. Butterfield & Son by 19.7% in the fourth quarter. Quarry LP now owns 3,069 shares of the bank's stock valued at $112,000 after buying an additional 505 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Bank of N.T. Butterfield & Son by 164.2% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,290 shares of the bank's stock valued at $157,000 after buying an additional 2,666 shares during the last quarter. PDT Partners LLC acquired a new stake in shares of Bank of N.T. Butterfield & Son in the fourth quarter valued at approximately $217,000. Finally, Raymond James Financial Inc. bought a new position in shares of Bank of N.T. Butterfield & Son during the 4th quarter worth approximately $219,000. 62.73% of the stock is currently owned by institutional investors and hedge funds.

Bank of N.T. Butterfield & Son Stock Performance

NTB traded down $0.46 on Tuesday, reaching $41.94. The company had a trading volume of 168,853 shares, compared to its average volume of 187,100. The stock has a market cap of $1.99 billion, a P/E ratio of 8.70 and a beta of 0.64. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.65 and a current ratio of 0.65. Bank of N.T. Butterfield & Son Limited has a fifty-two week low of $33.04 and a fifty-two week high of $43.85. The company's fifty day moving average is $40.87 and its 200 day moving average is $38.73.

Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The bank reported $1.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 21.30% and a net margin of 26.54%. The business's revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.17 earnings per share. As a group, analysts predict that Bank of N.T. Butterfield & Son Limited will post 4.4 earnings per share for the current fiscal year.

Bank of N.T. Butterfield & Son Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend was Wednesday, May 7th. Bank of N.T. Butterfield & Son's payout ratio is 36.51%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods increased 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.

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.