Vaughan Nelson Investment Management L.P. Has $21.32 Million Position in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Vaughan Nelson Investment Management L.P. grew its stake in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) by 66.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 666,029 shares of the bank's stock after purchasing an additional 266,450 shares during the period. Vaughan Nelson Investment Management L.P. owned about 1.33% of Bank of N.T. Butterfield & Son worth $21,320,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Captrust Financial Advisors lifted its holdings in shares of Bank of N.T. Butterfield & Son by 34.6% during the second quarter. Captrust Financial Advisors now owns 1,178 shares of the bank's stock valued at $37,000 after purchasing an additional 303 shares during the last quarter. Quarry LP raised its position in Bank of N.T. Butterfield & Son by 143.5% during the first quarter. Quarry LP now owns 1,456 shares of the bank's stock valued at $39,000 after buying an additional 858 shares during the period. Point72 Middle East FZE acquired a new position in Bank of N.T. Butterfield & Son during the fourth quarter valued at $52,000. State of Wyoming acquired a new position in Bank of N.T. Butterfield & Son during the second quarter valued at $58,000. Finally, Point72 Hong Kong Ltd acquired a new position in Bank of N.T. Butterfield & Son during the second quarter valued at $61,000. 62.73% of the stock is owned by hedge funds and other institutional investors.

Bank of N.T. Butterfield & Son Trading Up 0.5 %

NYSE NTB traded up $0.16 on Friday, reaching $31.43. The company had a trading volume of 103,955 shares, compared to its average volume of 175,405. The stock's 50 day moving average is $30.37 and its 200-day moving average is $29.37. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 6.89 and a beta of 1.29. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.10. The Bank of N.T. Butterfield & Son Limited has a 52 week low of $22.93 and a 52 week high of $33.80.

Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The bank reported $1.15 EPS for the quarter, beating analysts' consensus estimates of $1.11 by $0.04. Bank of N.T. Butterfield & Son had a return on equity of 24.29% and a net margin of 29.60%. The business had revenue of $146.90 million during the quarter, compared to the consensus estimate of $141.34 million. During the same quarter in the prior year, the company posted $1.27 earnings per share. Equities analysts predict that The Bank of N.T. Butterfield & Son Limited will post 4.12 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 Monday, March 11th. Shareholders of record on Monday, February 26th were paid a $0.44 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.76 dividend on an annualized basis and a yield of 5.60%. Bank of N.T. Butterfield & Son's payout ratio is 38.60%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Keefe, Bruyette & Woods dropped their price target on Bank of N.T. Butterfield & Son from $41.00 to $40.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 14th. The Goldman Sachs Group upped their price objective on Bank of N.T. Butterfield & Son from $31.00 to $35.00 and gave the company a "buy" rating in a report on Thursday, January 11th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $33.50.

Bank of N.T. Butterfield & Son Profile

The Bank of N.T. Butterfield & Son Limited provides a range of community, commercial, and private banking services to individuals and small to medium-sized businesses. It accepts retail and corporate checking, savings, term, and interest bearing and non-interest bearing deposits. The company's lending portfolio includes residential mortgage lending, automobile lending, consumer financing, credit cards, overdraft facilities, commercial real estate lending, and commercial and industrial loans, as well as overdraft facilities to commercial and corporate customers.