GSA Capital Partners LLP acquired a new stake in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 18,805 shares of the bank's stock, valued at approximately $694,000.
Other large investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in Bank of N.T. Butterfield & Son during the 3rd quarter valued at approximately $37,000. Lazard Asset Management LLC bought a new stake in Bank of N.T. Butterfield & Son during the 1st quarter valued at approximately $44,000. Meeder Asset Management Inc. bought a new stake in Bank of N.T. Butterfield & Son during the 2nd quarter valued at approximately $56,000. Point72 Asset Management L.P. bought a new stake in Bank of N.T. Butterfield & Son during the 2nd quarter valued at approximately $63,000. Finally, Nisa Investment Advisors LLC raised its stake in 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 valued at $83,000 after purchasing an additional 1,554 shares during the period. 62.73% of the stock is owned by hedge funds and other institutional investors.
Bank of N.T. Butterfield & Son Price Performance
NYSE:NTB traded down $0.26 during trading hours on Monday, reaching $37.51. The stock had a trading volume of 99,442 shares, compared to its average volume of 198,072. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.66 and a current ratio of 0.66. The Bank of N.T. Butterfield & Son Limited has a 52 week low of $27.20 and a 52 week high of $40.55. The company has a 50 day moving average price of $37.38 and a two-hundred day moving average price of $36.32. The stock has a market capitalization of $1.88 billion, a PE ratio of 8.41 and a beta of 1.17.
Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last released its earnings results on Tuesday, October 22nd. The bank reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.06. The firm had revenue of $142.70 million for the quarter, compared to the consensus estimate of $142.07 million. Bank of N.T. Butterfield & Son had a return on equity of 21.14% and a net margin of 25.93%. The company's revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 EPS. As a group, sell-side analysts anticipate that The Bank of N.T. Butterfield & Son Limited will post 4.52 earnings per share for the current fiscal year.
Bank of N.T. Butterfield & Son Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date of this dividend is Tuesday, November 5th. Bank of N.T. Butterfield & Son's payout ratio is currently 39.20%.
Analyst Upgrades and Downgrades
NTB has been the topic of several recent analyst reports. Wells Fargo & Company lifted their target price on Bank of N.T. Butterfield & Son from $40.00 to $43.00 and gave the company an "overweight" rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods downgraded Bank of N.T. Butterfield & Son from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $44.00 to $41.00 in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $39.60.
Read Our Latest Analysis on Bank of N.T. Butterfield & Son
About Bank of N.T. Butterfield & Son
(
Free Report)
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.
Featured Articles
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.
