The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP boosted its stake in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) by 44.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,994 shares of the bank’s stock after buying an additional 5,547 shares during the period. Quantbot Technologies LP’s holdings in Bank of N.T. Butterfield & Son were worth $658,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Clear Harbor Asset Management LLC raised its position in shares of Bank of N.T. Butterfield & Son by 2.7% during the 4th quarter. Clear Harbor Asset Management LLC now owns 11,540 shares of the bank’s stock valued at $422,000 after buying an additional 300 shares during the period. Stifel Financial Corp raised its position in Bank of N.T. Butterfield & Son by 8.3% in the third quarter. Stifel Financial Corp now owns 7,832 shares of the bank’s stock valued at $289,000 after purchasing an additional 602 shares during the period. Harbor Capital Advisors Inc. lifted its stake in shares of Bank of N.T. Butterfield & Son by 1.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 88,519 shares of the bank’s stock valued at $3,235,000 after purchasing an additional 971 shares during the last quarter. Point72 DIFC Ltd grew its holdings in shares of Bank of N.T. Butterfield & Son by 370.1% during the 3rd quarter. Point72 DIFC Ltd now owns 1,368 shares of the bank’s stock worth $50,000 after purchasing an additional 1,077 shares during the period. Finally, Quarry LP increased its position in shares of Bank of N.T. Butterfield & Son by 223.7% during the 3rd quarter. Quarry LP now owns 2,564 shares of the bank’s stock worth $95,000 after purchasing an additional 1,772 shares during the last quarter. 62.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Wells Fargo & Company upped their target price 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 report on Wednesday, February 12th. Keefe, Bruyette & Woods upped their price objective on shares of Bank of N.T. Butterfield & Son from $41.00 to $44.00 and gave the stock a “market perform” rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.80.

Bank of N.T. Butterfield & Son Stock Performance

NYSE NTB opened at $39.29 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.63 and a quick ratio of 0.66. The company has a market cap of $1.87 billion, a P/E ratio of 8.32 and a beta of 1.10. The stock has a 50-day moving average of $38.15 and a two-hundred day moving average of $37.56. The Bank of N.T. Butterfield & Son Limited has a 1-year low of $30.07 and a 1-year high of $41.88.

Bank of N.T. Butterfield & Son (NYSE:NTB) last announced its quarterly earnings data on Monday, February 10th. The bank reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.17. Bank of N.T. Butterfield & Son had a net margin of 26.51% and a return on equity of 21.46%. As a group, analysts anticipate that The Bank of N.T. Butterfield & Son Limited will post 4.4 EPS for the current year.

Bank of N.T. Butterfield & Son Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 24th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 4.48%. The ex-dividend date was Monday, February 24th. Bank of N.T. Butterfield & Son’s payout ratio is currently 37.29%.

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.