Jane Street Group LLC Has $1.43 Million Stock Position in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Jane Street Group LLC reduced its stake in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) by 45.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,117 shares of the bank's stock after selling 32,450 shares during the period. Jane Street Group LLC owned approximately 0.08% of Bank of N.T. Butterfield & Son worth $1,430,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of NTB. R Squared Ltd purchased a new position in shares of Bank of N.T. Butterfield & Son during the 4th quarter valued at approximately $72,000. Quarry LP raised its holdings 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 valued at $112,000 after buying an additional 505 shares during the last quarter. PDT Partners LLC bought a new stake in shares of Bank of N.T. Butterfield & Son during the fourth quarter valued at about $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 fourth quarter valued at about $230,000. 62.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on NTB. Keefe, Bruyette & Woods increased their target price 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. Wells Fargo & Company increased their price objective on Bank of N.T. Butterfield & Son from $43.00 to $46.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th.

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

NYSE NTB traded down $0.16 on Friday, hitting $41.90. 265,500 shares of the company were exchanged, compared to its average volume of 189,761. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.63 and a quick ratio of 0.66. 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 firm has a market capitalization of $1.99 billion, a P/E ratio of 8.88 and a beta of 0.66. The company's 50 day moving average price is $39.30 and its 200-day moving average price is $38.17.

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 (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 26.51% and a return on equity of 21.46%. The business had revenue of $148.20 million for the quarter, compared to analyst estimates of $140.89 million. During the same quarter in the previous year, the business earned $1.17 earnings per share. The firm's revenue was up 3.8% compared to the same quarter last year. Analysts predict that The 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 4.20%. The ex-dividend date was Wednesday, May 7th. Bank of N.T. Butterfield & Son's dividend payout ratio is currently 36.51%.

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.