Jane Street Group LLC lowered its stake in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) by 45.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,117 shares of the bank's stock after selling 32,450 shares during the quarter. Jane Street Group LLC owned about 0.08% of Bank of N.T. Butterfield & Son worth $1,430,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in shares of Bank of N.T. Butterfield & Son in the 4th quarter worth approximately $72,000. Quarry LP raised its holdings in 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 purchasing an additional 505 shares in the last quarter. PDT Partners LLC bought a new stake in Bank of N.T. Butterfield & Son during the fourth quarter worth approximately $217,000. Raymond James Financial Inc. acquired a new stake in Bank of N.T. Butterfield & Son in the fourth quarter worth approximately $219,000. Finally, Handelsbanken Fonder AB bought a new position in Bank of N.T. Butterfield & Son during the 4th quarter valued at $230,000. Institutional investors own 62.73% of the company's stock.
Bank of N.T. Butterfield & Son Trading Up 0.1%
Shares of NYSE:NTB opened at $42.94 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.66 and a current ratio of 0.63. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 9.10 and a beta of 0.66. The Bank of N.T. Butterfield & Son Limited has a 1-year low of $32.78 and a 1-year high of $43.09. The company has a 50 day moving average price of $38.96 and a 200 day moving average price of $38.05.
Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The bank reported $1.30 earnings per share 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 analyst estimates of $140.89 million. Bank of N.T. Butterfield & Son had a return on equity of 21.46% and a net margin of 26.51%. The company's revenue was up 3.8% compared to the same quarter last year. During the same period last year, the company posted $1.17 EPS. On average, research analysts anticipate that The 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th will be given a $0.44 dividend. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.10%. Bank of N.T. Butterfield & Son's dividend payout ratio (DPR) is 36.51%.
Wall Street Analyst Weigh In
A number of analysts have recently commented on NTB shares. Keefe, Bruyette & Woods boosted their price objective on Bank of N.T. Butterfield & Son from $44.00 to $48.00 and gave the stock a "market perform" rating in a research note on Friday, April 25th. Wells Fargo & Company boosted their price target 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 report on Wednesday, February 12th.
Read Our Latest Analysis on Bank of N.T. Butterfield & Son
About Bank of N.T. Butterfield & Son
(
Free Report)
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.
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