The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Shares Sold by Man Group plc

Man Group plc lowered its holdings in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) by 41.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,787 shares of the bank's stock after selling 11,395 shares during the period. Man Group plc's holdings in Bank of N.T. Butterfield & Son were worth $577,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of NTB. R Squared Ltd acquired a new stake in shares of Bank of N.T. Butterfield & Son in the 4th quarter worth $72,000. Lazard Asset Management LLC acquired a new stake in shares of Bank of N.T. Butterfield & Son in the 4th quarter worth $72,000. Quarry LP lifted its stake in shares of Bank of N.T. Butterfield & Son by 19.7% in the 4th quarter. Quarry LP now owns 3,069 shares of the bank's stock worth $112,000 after acquiring an additional 505 shares during the period. PDT Partners LLC acquired a new stake in shares of Bank of N.T. Butterfield & Son in the 4th quarter worth $217,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Bank of N.T. Butterfield & Son in the 4th quarter worth $219,000. Institutional investors and hedge funds own 62.73% of the company's stock.

Bank of N.T. Butterfield & Son Price Performance

Shares of NTB traded down $0.05 during trading hours on Thursday, reaching $42.03. The company had a trading volume of 44,159 shares, compared to its average volume of 188,646. The firm has a 50 day simple moving average of $39.52 and a 200-day simple moving average of $38.26. The company has a current ratio of 0.63, a quick ratio of 0.66 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 8.90 and a beta of 0.66. The Bank of N.T. Butterfield & Son Limited has a 12-month low of $32.78 and a 12-month high of $43.09.

Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last posted its 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. Bank of N.T. Butterfield & Son had a net margin of 26.51% and a return on equity of 21.46%. The firm had revenue of $148.20 million during the quarter, compared to the consensus estimate of $140.89 million. During the same period last year, the firm posted $1.17 EPS. The firm's revenue for the quarter was up 3.8% on a year-over-year basis. Research analysts expect that The Bank of N.T. Butterfield & Son Limited will post 4.4 earnings per share for the current year.

Bank of N.T. Butterfield & Son Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a $1.76 annualized dividend and a yield of 4.19%. Bank of N.T. Butterfield & Son's dividend payout ratio (DPR) is currently 36.51%.

Wall Street Analyst Weigh In

NTB has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised their target price 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 research note on Friday, April 25th. Wells Fargo & Company raised their target price 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 note on Wednesday, February 12th.

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.