Voya Investment Management LLC trimmed its position in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) by 47.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,340 shares of the bank's stock after selling 12,234 shares during the quarter. Voya Investment Management LLC's holdings in Bank of N.T. Butterfield & Son were worth $488,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in NTB. Rovida Investment Management Ltd acquired a new position in Bank of N.T. Butterfield & Son in the 4th quarter worth approximately $65,568,000. American Century Companies Inc. grew its holdings 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 buying an additional 103,339 shares in the last quarter. Davis Selected Advisers raised its position in Bank of N.T. Butterfield & Son by 0.5% during the fourth quarter. Davis Selected Advisers now owns 1,076,424 shares of the bank's stock valued at $39,343,000 after buying an additional 5,712 shares during the period. Invesco Ltd. lifted its stake in Bank of N.T. Butterfield & Son by 3.3% in the 4th quarter. Invesco Ltd. now owns 868,888 shares of the bank's stock worth $31,758,000 after acquiring an additional 27,619 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its position in Bank of N.T. Butterfield & Son by 10.7% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 600,603 shares of the bank's stock worth $21,952,000 after acquiring an additional 57,815 shares during the period. 62.73% of the stock is owned by hedge funds and other institutional investors.
Bank of N.T. Butterfield & Son Trading Up 0.2 %
NYSE:NTB opened at $41.07 on Friday. 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 company has a market capitalization of $1.95 billion, a P/E ratio of 8.70 and a beta of 0.66. The stock's 50 day moving average price is $38.27 and its 200 day moving average price is $37.82. The Bank of N.T. Butterfield & Son Limited has a 52 week low of $32.78 and a 52 week high of $41.88.
Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The bank reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.27. The business had revenue of $148.20 million during the quarter, compared to analyst estimates of $140.89 million. Bank of N.T. Butterfield & Son had a net margin of 26.51% and a return on equity of 21.46%. Bank of N.T. Butterfield & Son's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.17 EPS. On average, research analysts forecast that The Bank of N.T. Butterfield & Son Limited will post 4.4 EPS for the current fiscal 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 paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date is Wednesday, May 7th. Bank of N.T. Butterfield & Son's payout ratio is 36.51%.
Analyst Ratings Changes
NTB has been the subject of a number of research analyst reports. 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 report on Friday, April 25th. Wells Fargo & Company boosted their price target on shares of Bank of N.T. Butterfield & Son from $43.00 to $46.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th.
Check Out Our Latest Stock Analysis on Bank of N.T. Butterfield & Son
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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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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