Schonfeld Strategic Advisors LLC raised its holdings in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) by 267.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,600 shares of the bank's stock after acquiring an additional 15,000 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Bank of N.T. Butterfield & Son were worth $753,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the business. R Squared Ltd purchased a new position in Bank of N.T. Butterfield & Son during the fourth quarter valued at approximately $72,000. Quarry LP increased its stake in shares of Bank of N.T. Butterfield & Son by 19.7% in the fourth quarter. Quarry LP now owns 3,069 shares of the bank's stock worth $112,000 after acquiring an additional 505 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Bank of N.T. Butterfield & Son during the fourth quarter valued at $219,000. Handelsbanken Fonder AB purchased a new position in Bank of N.T. Butterfield & Son in the fourth quarter valued at about $230,000. Finally, Legal & General Group Plc increased its position in Bank of N.T. Butterfield & Son by 5.1% in the 4th 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. Institutional investors and hedge funds own 62.73% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on NTB shares. Wells Fargo & Company boosted 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 increased their price target 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.
Read Our Latest Analysis on NTB
Bank of N.T. Butterfield & Son Stock Performance
NTB opened at $41.07 on Friday. The stock has a 50-day moving average of $38.27 and a 200-day moving average of $37.82. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.66 and a current ratio of 0.63. The Bank of N.T. Butterfield & Son Limited has a 52-week low of $32.78 and a 52-week high of $41.88. The company has a market cap of $1.95 billion, a PE ratio of 8.70 and a beta of 0.66.
Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The bank reported $1.30 EPS 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 company had revenue of $148.20 million for the quarter, compared to the consensus estimate of $140.89 million. During the same quarter last year, the company posted $1.17 earnings per share. The company's revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, equities research 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date is Wednesday, May 7th. Bank of N.T. Butterfield & Son's dividend payout ratio is 36.51%.
Bank of N.T. Butterfield & Son Company Profile
(
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.
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