Sapience Investments LLC Decreases Stock Position in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Sapience Investments LLC cut its position in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) by 14.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,171 shares of the bank's stock after selling 9,740 shares during the period. Sapience Investments LLC owned 0.12% of Bank of N.T. Butterfield & Son worth $2,163,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in NTB. Barclays PLC grew its stake in Bank of N.T. Butterfield & Son by 276.9% in the third 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 during the period. Handelsbanken Fonder AB bought a new position in shares of Bank of N.T. Butterfield & Son in the 4th quarter worth $230,000. Y Intercept Hong Kong Ltd bought a new position in shares of Bank of N.T. Butterfield & Son in the 4th quarter worth $359,000. Bailard Inc. acquired a new stake in Bank of N.T. Butterfield & Son in the 4th quarter valued at $720,000. Finally, Ieq Capital LLC bought a new stake in Bank of N.T. Butterfield & Son during the 4th quarter valued at $493,000. 62.73% of the stock is currently owned by institutional investors and hedge funds.

Bank of N.T. Butterfield & Son Stock Up 0.1%

Bank of N.T. Butterfield & Son stock traded up $0.04 during trading on Thursday, hitting $42.16. 43,102 shares of the company were exchanged, compared to its average volume of 189,088. The company has a market capitalization of $2.00 billion, a P/E ratio of 8.94 and a beta of 0.66. The business's 50 day moving average is $39.15 and its 200 day moving average is $38.11. The Bank of N.T. Butterfield & Son Limited has a 52 week low of $32.78 and a 52 week high of $43.09. The company has a current ratio of 0.63, a quick ratio of 0.66 and a debt-to-equity ratio of 0.10.

Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The bank reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $148.20 million during the quarter, compared to analyst estimates of $140.89 million. During the same quarter in the prior year, the business posted $1.17 EPS. The business's revenue was up 3.8% compared to the same quarter last year. Analysts predict that The Bank of N.T. Butterfield & Son Limited will post 4.4 earnings per share 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. Shareholders of record on Wednesday, May 7th were paid a $0.44 dividend. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a $1.76 annualized dividend and a yield of 4.17%. Bank of N.T. Butterfield & Son's dividend payout ratio (DPR) is 36.51%.

Analysts Set New Price Targets

A number of research firms have 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 note on Wednesday, February 12th. Keefe, Bruyette & Woods upped their target price 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 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.