Two Sigma Advisers LP Has $797,000 Position in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Two Sigma Advisers LP lifted its position in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) by 190.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,800 shares of the bank's stock after acquiring an additional 14,300 shares during the quarter. Two Sigma Advisers LP's holdings in Bank of N.T. Butterfield & Son were worth $797,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new stake in Bank of N.T. Butterfield & Son during the 4th quarter valued at $72,000. Quarry LP grew 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its position in Bank of N.T. Butterfield & Son by 164.2% during 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 period. PDT Partners LLC purchased a new stake in Bank of N.T. Butterfield & Son in the 4th quarter worth about $217,000. Finally, Raymond James Financial Inc. acquired a new stake in Bank of N.T. Butterfield & Son during the 4th quarter worth about $219,000. Institutional investors and hedge funds own 62.73% of the company's stock.

Bank of N.T. Butterfield & Son Stock Up 1.2%

Shares of NYSE:NTB traded up $0.52 during midday trading on Friday, hitting $43.21. 160,345 shares of the stock were exchanged, compared to its average volume of 189,336. The company has a market capitalization of $2.05 billion, a PE ratio of 9.15 and a beta of 0.66. The Bank of N.T. Butterfield & Son Limited has a 52-week low of $32.96 and a 52-week high of $43.58. 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 business's fifty day simple moving average is $39.93 and its two-hundred day simple moving average is $38.45.

Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last issued its earnings results 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 company had revenue of $148.20 million for 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 business's revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.17 EPS. As a group, research 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 Dividend Announcement

The firm also recently disclosed 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 yield of 4.07%. The ex-dividend date was Wednesday, May 7th. Bank of N.T. Butterfield & Son's payout ratio is presently 36.51%.

Analyst Ratings Changes

NTB has been the topic of a number of research reports. Wells Fargo & Company upped their target price on Bank of N.T. Butterfield & Son from $43.00 to $46.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Keefe, Bruyette & Woods boosted 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 report 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.