Charles Schwab Investment Management Inc. Sells 74,835 Shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Charles Schwab Investment Management Inc. lessened its stake in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) by 29.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 178,357 shares of the bank's stock after selling 74,835 shares during the period. Charles Schwab Investment Management Inc. owned 0.38% of Bank of N.T. Butterfield & Son worth $6,519,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in NTB. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Bank of N.T. Butterfield & Son by 538.3% in the third 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 period. Public Employees Retirement System of Ohio bought a new stake in Bank of N.T. Butterfield & Son in the third quarter valued at approximately $2,769,000. Polaris Capital Management LLC bought a new position in Bank of N.T. Butterfield & Son during the fourth quarter worth $2,039,000. JPMorgan Chase & Co. grew its stake in Bank of N.T. Butterfield & Son by 4.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,124,633 shares of the bank's stock valued at $41,476,000 after buying an additional 48,463 shares during the last quarter. Finally, Barclays PLC lifted its holdings 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 worth $2,241,000 after purchasing an additional 44,641 shares during the last quarter. Institutional investors and hedge funds own 62.73% of the company's stock.

Bank of N.T. Butterfield & Son Price Performance

Shares of NTB stock traded down $0.62 during trading hours on Friday, reaching $38.70. The stock had a trading volume of 113,556 shares, compared to its average volume of 190,198. The stock's fifty day simple moving average is $38.15 and its 200 day simple moving average is $37.56. 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 firm has a market capitalization of $1.84 billion, a PE ratio of 8.20 and a beta of 1.10. The Bank of N.T. Butterfield & Son Limited has a 12 month low of $30.07 and a 12 month high of $41.88.

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Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last announced its 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 net margin of 26.51% and a return on equity of 21.46%. On average, equities research analysts predict that The Bank of N.T. Butterfield & Son Limited will post 4.4 EPS for the current year.

Bank of N.T. Butterfield & Son Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 24th were issued a $0.44 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.76 annualized dividend and a yield of 4.55%. Bank of N.T. Butterfield & Son's dividend payout ratio (DPR) is presently 37.29%.

Wall Street Analyst Weigh In

Several equities analysts have commented on NTB shares. Wells Fargo & Company raised 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 report on Wednesday, February 12th. Keefe, Bruyette & Woods boosted their target price 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 analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Bank of N.T. Butterfield & Son has a consensus rating of "Moderate Buy" and an average price target of $40.80.

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.