Schonfeld Strategic Advisors LLC Purchases 15,000 Shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Schonfeld Strategic Advisors LLC grew its position in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) by 267.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,600 shares of the bank's stock after purchasing an additional 15,000 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Bank of N.T. Butterfield & Son were worth $753,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in NTB. Rovida Investment Management Ltd bought a new position in Bank of N.T. Butterfield & Son in the 4th quarter worth approximately $65,568,000. Norges Bank acquired a new stake in Bank of N.T. Butterfield & Son in the fourth quarter worth about $5,700,000. LSV Asset Management increased its position in Bank of N.T. Butterfield & Son by 63.8% in the fourth quarter. LSV Asset Management now owns 347,499 shares of the bank's stock worth $12,701,000 after purchasing an additional 135,399 shares during the period. American Century Companies Inc. raised its holdings in Bank of N.T. Butterfield & Son by 9.9% during the 4th quarter. American Century Companies Inc. now owns 1,142,830 shares of the bank's stock worth $41,770,000 after purchasing an additional 103,339 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Bank of N.T. Butterfield & Son by 22.0% during the 4th quarter. Northern Trust Corp now owns 383,006 shares of the bank's stock worth $13,999,000 after buying an additional 69,066 shares during the period. Institutional investors own 62.73% of the company's stock.

Wall Street Analyst Weigh In

NTB has been the topic of a number of analyst reports. Wells Fargo & Company increased their price target on 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 lifted their price objective 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 Trading Up 0.8%

Bank of N.T. Butterfield & Son stock traded up $0.32 during mid-day trading on Thursday, hitting $42.78. 48,225 shares of the company's stock were exchanged, compared to its average volume of 190,021. The company's 50 day simple moving average is $38.59 and its 200-day simple moving average is $37.92. The company has a quick ratio of 0.66, a current ratio of 0.63 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $2.03 billion, a P/E ratio of 9.07 and a beta of 0.66. The Bank of N.T. Butterfield & Son Limited has a fifty-two week low of $32.78 and a fifty-two week high of $43.14.

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 analysts' consensus estimates 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 business had revenue of $148.20 million during the quarter, compared to analysts' expectations of $140.89 million. During the same period in the prior year, the business earned $1.17 EPS. Bank of N.T. Butterfield & Son's revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities analysts anticipate 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th will be given a $0.44 dividend. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $1.76 annualized dividend and a yield of 4.11%. Bank of N.T. Butterfield & Son's dividend payout ratio is currently 36.51%.

Bank of N.T. Butterfield & Son Company 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.