The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Shares Bought by Two Sigma Investments LP

Two Sigma Investments LP increased its holdings in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) by 21.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,983 shares of the bank's stock after purchasing an additional 12,349 shares during the quarter. Two Sigma Investments LP owned approximately 0.15% of Bank of N.T. Butterfield & Son worth $2,558,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Legal & General Group Plc boosted its position in Bank of N.T. Butterfield & Son by 5.1% in the fourth quarter. Legal & General Group Plc now owns 7,697 shares of the bank's stock worth $281,000 after purchasing an additional 374 shares during the last quarter. Stifel Financial Corp grew its holdings in Bank of N.T. Butterfield & Son by 5.6% during the 4th quarter. Stifel Financial Corp now owns 8,273 shares of the bank's stock valued at $302,000 after buying an additional 441 shares in the last quarter. Quarry LP boosted its stake 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 valued at $112,000 after buying an additional 505 shares during the period. Strategic Global Advisors LLC grew its holdings in shares of Bank of N.T. Butterfield & Son by 0.4% during the fourth quarter. Strategic Global Advisors LLC now owns 172,742 shares of the bank's stock worth $6,314,000 after purchasing an additional 681 shares in the last quarter. Finally, Sterling Capital Management LLC raised its position in shares of Bank of N.T. Butterfield & Son by 9.6% during the 4th quarter. Sterling Capital Management LLC now owns 14,139 shares of the bank's stock valued at $517,000 after buying an additional 1,238 shares in the last quarter. 62.73% of the stock is currently owned by institutional investors and hedge funds.

Bank of N.T. Butterfield & Son Price Performance

Shares of NTB stock traded down $0.16 on Wednesday, hitting $42.92. 137,822 shares of the stock traded hands, compared to its average volume of 189,181. The firm has a 50 day simple moving average of $39.86 and a two-hundred day simple moving average of $38.42. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 9.09 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 $43.26. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.63 and a quick ratio of 0.66.

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 for the quarter, beating 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%. Bank of N.T. Butterfield & Son's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.17 EPS. As a group, equities 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were paid 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 dividend yield of 4.10%. Bank of N.T. Butterfield & Son's dividend payout ratio (DPR) is presently 36.51%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on NTB shares. Wells Fargo & Company boosted 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. Keefe, Bruyette & Woods boosted 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 report on Friday, April 25th.

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.