American Century Companies Inc. increased its holdings in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) by 9.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,142,830 shares of the bank's stock after purchasing an additional 103,339 shares during the period. American Century Companies Inc. owned approximately 2.40% of Bank of N.T. Butterfield & Son worth $41,770,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its holdings in shares of Bank of N.T. Butterfield & Son by 42.7% during the third quarter. Jane Street Group LLC now owns 71,567 shares of the bank's stock worth $2,639,000 after buying an additional 21,430 shares during the last quarter. Barclays PLC raised its stake in Bank of N.T. Butterfield & Son by 276.9% during the 3rd quarter. Barclays PLC now owns 60,763 shares of the bank's stock valued at $2,241,000 after purchasing an additional 44,641 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Bank of N.T. Butterfield & Son by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,124,633 shares of the bank's stock valued at $41,476,000 after purchasing an additional 48,463 shares during the last quarter. Handelsbanken Fonder AB bought a new stake in Bank of N.T. Butterfield & Son in the 4th quarter valued at $230,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Bank of N.T. Butterfield & Son in the 4th quarter worth $359,000. Institutional investors own 62.73% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on NTB shares. Wells Fargo & Company upped their price objective 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 raised their price objective on Bank of N.T. Butterfield & Son from $41.00 to $44.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Bank of N.T. Butterfield & Son currently has a consensus rating of "Moderate Buy" and an average target price of $40.80.
Read Our Latest Report on Bank of N.T. Butterfield & Son
Bank of N.T. Butterfield & Son Price Performance
NYSE NTB traded up $0.04 on Tuesday, reaching $38.96. The company's stock had a trading volume of 131,203 shares, compared to its average volume of 190,064. The firm has a market cap of $1.85 billion, a PE ratio of 8.25 and a beta of 1.10. The company has a current ratio of 0.63, a quick ratio of 0.66 and a debt-to-equity ratio of 0.10. The Bank of N.T. Butterfield & Son Limited has a 52 week low of $30.07 and a 52 week high of $41.88. The business has a 50-day moving average price of $38.27 and a 200 day moving average price of $37.61.
Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last released its quarterly earnings data 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 return on equity of 21.46% and a net margin of 26.51%. Sell-side analysts expect 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 24th were given a $0.44 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.76 annualized dividend and a yield of 4.52%. Bank of N.T. Butterfield & Son's payout ratio is 37.29%.
Bank of N.T. Butterfield & Son 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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