Polaris Capital Management LLC Makes New Investment in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Polaris Capital Management LLC acquired a new stake in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 55,800 shares of the bank’s stock, valued at approximately $2,039,000. Polaris Capital Management LLC owned about 0.12% of Bank of N.T. Butterfield & Son at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Capital Performance Advisors LLP purchased a new stake in shares of Bank of N.T. Butterfield & Son in the third quarter worth approximately $37,000. Point72 DIFC Ltd raised its holdings in shares of Bank of N.T. Butterfield & Son by 370.1% in the third quarter. Point72 DIFC Ltd now owns 1,368 shares of the bank’s stock valued at $50,000 after purchasing an additional 1,077 shares during the last quarter. R Squared Ltd bought a new position in shares of Bank of N.T. Butterfield & Son during the fourth quarter valued at about $72,000. Nisa Investment Advisors LLC boosted its holdings in Bank of N.T. Butterfield & Son by 222.0% during the third quarter. Nisa Investment Advisors LLC now owns 2,254 shares of the bank’s stock worth $83,000 after purchasing an additional 1,554 shares during the last quarter. Finally, Quarry LP increased its stake in Bank of N.T. Butterfield & Son by 223.7% in the 3rd quarter. Quarry LP now owns 2,564 shares of the bank’s stock valued at $95,000 after buying an additional 1,772 shares during the last quarter. 62.73% of the stock is owned by institutional investors.

Bank of N.T. Butterfield & Son Price Performance

Shares of NYSE NTB opened at $37.49 on Tuesday. The stock’s 50 day moving average price is $36.89 and its 200-day moving average price is $37.11. The company has a market capitalization of $1.78 billion, a PE ratio of 8.35 and a beta of 1.15. The Bank of N.T. Butterfield & Son Limited has a twelve month low of $28.73 and a twelve month high of $40.55. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.09.

Bank of N.T. Butterfield & Son (NYSE:NTB) last posted its quarterly earnings results on Monday, February 10th. The bank reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.17. Bank of N.T. Butterfield & Son had a net margin of 25.93% and a return on equity of 21.14%. On average, equities analysts anticipate that The Bank of N.T. Butterfield & Son Limited will post 4.52 EPS for the current year.

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.