The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Get Free Report) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $36.96 and traded as low as $36.29. Bank of N.T. Butterfield & Son shares last traded at $36.67, with a volume of 141,877 shares.
Analyst Upgrades and Downgrades
Separately, Keefe, Bruyette & Woods lowered Bank of N.T. Butterfield & Son from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $44.00 to $41.00 in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Bank of N.T. Butterfield & Son presently has an average rating of "Moderate Buy" and an average price target of $39.60.
Check Out Our Latest Report on Bank of N.T. Butterfield & Son
Bank of N.T. Butterfield & Son Stock Up 1.8 %
The company has a market cap of $1.77 billion, a P/E ratio of 8.30 and a beta of 1.16. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.09. The firm has a fifty day moving average price of $36.94 and a 200 day moving average price of $37.21.
Institutional Investors Weigh In On Bank of N.T. Butterfield & Son
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in shares of Bank of N.T. Butterfield & Son during the 3rd quarter valued at $37,000. Point72 DIFC Ltd increased its holdings in 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. Point72 Asset Management L.P. acquired a new position in Bank of N.T. Butterfield & Son in the second quarter valued at about $63,000. R Squared Ltd bought a new position in Bank of N.T. Butterfield & Son during the fourth quarter worth about $72,000. Finally, Nisa Investment Advisors LLC grew its position in shares of Bank of N.T. Butterfield & Son by 222.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,254 shares of the bank's stock worth $83,000 after buying an additional 1,554 shares during the period. 62.73% of the stock is owned by institutional investors and hedge funds.
About Bank of N.T. Butterfield & Son
(
Get 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.
Featured Stories
Before you consider Bank of N.T. Butterfield & Son, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bank of N.T. Butterfield & Son wasn't on the list.
While Bank of N.T. Butterfield & Son currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
