Northern Trust Corp raised its holdings in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) by 22.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 383,006 shares of the bank's stock after purchasing an additional 69,066 shares during the quarter. Northern Trust Corp owned 0.81% of Bank of N.T. Butterfield & Son worth $13,999,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Rovida Investment Management Ltd purchased a new stake in shares of Bank of N.T. Butterfield & Son in the fourth quarter worth about $65,568,000. Norges Bank purchased a new stake in shares of Bank of N.T. Butterfield & Son during the fourth quarter valued at approximately $5,700,000. LSV Asset Management boosted its stake in shares of Bank of N.T. Butterfield & Son by 63.8% during the fourth quarter. LSV Asset Management now owns 347,499 shares of the bank's stock valued at $12,701,000 after purchasing an additional 135,399 shares during the period. American Century Companies Inc. boosted its stake in shares of Bank of N.T. Butterfield & Son by 9.9% during the fourth quarter. American Century Companies Inc. now owns 1,142,830 shares of the bank's stock valued at $41,770,000 after purchasing an additional 103,339 shares during the period. Finally, Adage Capital Partners GP L.L.C. boosted its stake in shares of Bank of N.T. Butterfield & Son by 10.7% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 600,603 shares of the bank's stock valued at $21,952,000 after purchasing an additional 57,815 shares during the period. Institutional investors own 62.73% of the company's stock.
Bank of N.T. Butterfield & Son Stock Performance
Shares of Bank of N.T. Butterfield & Son stock opened at $42.96 on Friday. 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 firm has a market capitalization of $2.04 billion, a P/E ratio of 9.10 and a beta of 0.66. The business has a fifty day simple moving average of $38.73 and a two-hundred day simple moving average of $37.95. 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 issued 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. Bank of N.T. Butterfield & Son had a return on equity of 21.46% and a net margin of 26.51%. 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 company earned $1.17 earnings per share. The company's revenue was up 3.8% on a year-over-year basis. On average, equities analysts forecast 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $1.76 annualized dividend and a dividend yield of 4.10%. Bank of N.T. Butterfield & Son's payout ratio is presently 36.51%.
Analysts Set New Price Targets
A number of analysts recently commented on NTB shares. Wells Fargo & Company raised their price target on 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. Keefe, Bruyette & Woods raised their price target on 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.
Check Out Our Latest Report on Bank of N.T. Butterfield & Son
About Bank of N.T. Butterfield & Son
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding NTB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report).
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