Two Sigma Advisers LP Increases Holdings in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Two Sigma Advisers LP increased its position in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) by 190.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,800 shares of the bank's stock after buying an additional 14,300 shares during the period. Two Sigma Advisers LP's holdings in Bank of N.T. Butterfield & Son were worth $797,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its position in shares of Bank of N.T. Butterfield & Son by 276.9% during the 3rd quarter. Barclays PLC now owns 60,763 shares of the bank's stock valued at $2,241,000 after acquiring an additional 44,641 shares in the last quarter. Handelsbanken Fonder AB bought a new stake in Bank of N.T. Butterfield & Son in the fourth quarter worth about $230,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Bank of N.T. Butterfield & Son during the fourth quarter valued at $359,000. Point72 Asset Management L.P. increased its position in shares of Bank of N.T. Butterfield & Son by 174.6% in the fourth quarter. Point72 Asset Management L.P. now owns 19,500 shares of the bank's stock worth $713,000 after acquiring an additional 12,400 shares in the last quarter. Finally, Bailard Inc. acquired a new stake in Bank of N.T. Butterfield & Son during the 4th quarter valued at $720,000. Hedge funds and other institutional investors own 62.73% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on NTB. Wells Fargo & Company raised their price objective on shares of 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. Keefe, Bruyette & Woods raised their price target 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.

Bank of N.T. Butterfield & Son Stock Up 1.4%

NTB traded up $0.58 during trading on Friday, reaching $43.27. 25,514 shares of the stock were exchanged, compared to its average volume of 188,583. The Bank of N.T. Butterfield & Son Limited has a twelve month low of $32.96 and a twelve month high of $43.58. The stock has a market cap of $2.06 billion, a P/E ratio of 9.16 and a beta of 0.66. The stock's 50 day moving average price is $39.93 and its two-hundred day moving average price is $38.45. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.66 and a current ratio of 0.63.

Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last announced its 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 company had revenue of $148.20 million during the quarter, compared to analysts' expectations of $140.89 million. During the same quarter in the previous year, the business posted $1.17 earnings per share. Bank of N.T. Butterfield & Son's quarterly revenue was up 3.8% on a year-over-year basis. Equities analysts expect that The Bank of N.T. Butterfield & Son Limited will post 4.4 EPS for the current year.

Bank of N.T. Butterfield & Son Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 4.07%. 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 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.