Barclays PLC Has $2.24 Million Stock Holdings in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Barclays PLC raised its holdings in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) by 276.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 60,763 shares of the bank's stock after purchasing an additional 44,641 shares during the quarter. Barclays PLC's holdings in Bank of N.T. Butterfield & Son were worth $2,241,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of NTB. Westwood Holdings Group Inc. acquired a new stake in shares of Bank of N.T. Butterfield & Son in the second quarter valued at approximately $31,906,000. Jacobs Levy Equity Management Inc. boosted its position in Bank of N.T. Butterfield & Son by 538.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 308,496 shares of the bank's stock valued at $11,377,000 after buying an additional 260,168 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Bank of N.T. Butterfield & Son by 31.7% in the 2nd quarter. American Century Companies Inc. now owns 876,472 shares of the bank's stock valued at $30,782,000 after buying an additional 211,147 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Bank of N.T. Butterfield & Son by 93.5% during the third quarter. Assenagon Asset Management S.A. now owns 278,110 shares of the bank's stock worth $10,257,000 after acquiring an additional 134,351 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Bank of N.T. Butterfield & Son by 45.6% during the second quarter. Victory Capital Management Inc. now owns 381,876 shares of the bank's stock valued at $13,411,000 after acquiring an additional 119,572 shares during the period. Institutional investors and hedge funds own 62.73% of the company's stock.

Analysts Set New Price Targets

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 stock from $44.00 to $41.00 in a research report 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's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $39.60.

Bank of N.T. Butterfield & Son Trading Up 0.7 %

Shares of Bank of N.T. Butterfield & Son stock traded up $0.27 during trading on Thursday, reaching $37.41. 132,560 shares of the company were exchanged, compared to its average volume of 198,662. 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 business has a 50-day moving average price of $37.60 and a 200-day moving average price of $36.86. 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 market capitalization of $1.88 billion, a price-to-earnings ratio of 8.33 and a beta of 1.17.

Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The bank reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.06. Bank of N.T. Butterfield & Son had a return on equity of 21.14% and a net margin of 25.93%. The company had revenue of $142.70 million during the quarter, compared to analysts' expectations of $142.07 million. During the same period in the prior year, the business posted $1.16 EPS. Bank of N.T. Butterfield & Son's revenue was up .7% on a year-over-year basis. Sell-side analysts anticipate that The Bank of N.T. Butterfield & Son Limited will post 4.52 EPS for the current fiscal year.

Bank of N.T. Butterfield & Son Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th were given a dividend of $0.44 per share. The ex-dividend date was Tuesday, November 5th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.70%. Bank of N.T. Butterfield & Son's dividend payout ratio is 39.20%.

About Bank of N.T. Butterfield & Son

The Bank of N.T. Butterfield & Son Limited provides a range of community, commercial, and private banking services to individuals and small to medium-sized businesses. It accepts retail and corporate checking, savings, term, and interest bearing and non-interest bearing deposits. The company's lending portfolio includes residential mortgage lending, automobile lending, consumer financing, credit cards, overdraft facilities, commercial real estate lending, and commercial and industrial loans, as well as overdraft facilities to commercial and corporate customers.