Bank of N.T. Butterfield & Son (NYSE:NTB - Free Report) had its price objective hoisted by Wells Fargo & Company from $43.00 to $46.00 in a research note published on Wednesday,Benzinga reports. The firm currently has an overweight rating on the bank's stock.
Bank of N.T. Butterfield & Son Trading Down 0.5 %
Shares of Bank of N.T. Butterfield & Son stock traded down $0.19 during trading hours on Wednesday, hitting $40.25. The company's stock had a trading volume of 139,445 shares, compared to its average volume of 163,275. Bank of N.T. Butterfield & Son has a 12 month low of $29.06 and a 12 month high of $41.88. The stock has a 50 day moving average of $37.08 and a 200 day moving average of $37.16. The company has a market capitalization of $1.91 billion, a PE ratio of 8.96 and a beta of 1.15. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.66 and a quick ratio of 0.66.
Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The bank reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.17. Bank of N.T. Butterfield & Son had a return on equity of 21.14% and a net margin of 25.93%. Analysts predict that Bank of N.T. Butterfield & Son will post 4.52 earnings per share for the current year.
Institutional Investors Weigh In On Bank of N.T. Butterfield & Son
Several large investors have recently modified their holdings of NTB. Parvin Asset Management LLC bought a new position in shares of Bank of N.T. Butterfield & Son during the fourth quarter worth about $319,000. PDT Partners LLC bought a new position in shares of Bank of N.T. Butterfield & Son during the 4th quarter worth approximately $217,000. Schonfeld Strategic Advisors LLC lifted its position in shares of Bank of N.T. Butterfield & Son by 267.9% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 20,600 shares of the bank's stock worth $753,000 after purchasing an additional 15,000 shares in the last quarter. Northern Trust Corp lifted its position in shares of Bank of N.T. Butterfield & Son by 22.0% in the fourth quarter. Northern Trust Corp now owns 383,006 shares of the bank's stock worth $13,999,000 after purchasing an additional 69,066 shares in the last quarter. Finally, Tudor Investment Corp ET AL bought a new stake in shares of Bank of N.T. Butterfield & Son in the fourth quarter worth $1,754,000. 62.73% of the stock is currently owned by institutional investors.
Bank of N.T. Butterfield & Son Company Profile
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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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