Ieq Capital LLC Invests $493,000 in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Ieq Capital LLC acquired a new position in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 13,490 shares of the bank's stock, valued at approximately $493,000.

Other hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in shares of Bank of N.T. Butterfield & Son in the 3rd quarter worth about $37,000. Point72 DIFC Ltd lifted its position in Bank of N.T. Butterfield & Son by 370.1% in the 3rd quarter. Point72 DIFC Ltd now owns 1,368 shares of the bank's stock worth $50,000 after buying an additional 1,077 shares during the last quarter. R Squared Ltd purchased a new stake in Bank of N.T. Butterfield & Son in the fourth quarter worth approximately $72,000. Nisa Investment Advisors LLC grew its position in Bank of N.T. Butterfield & Son by 222.0% during the third quarter. Nisa Investment Advisors LLC now owns 2,254 shares of the bank's stock valued at $83,000 after acquiring an additional 1,554 shares during the last quarter. Finally, Quarry LP raised its stake in shares of Bank of N.T. Butterfield & Son by 223.7% during the third quarter. Quarry LP now owns 2,564 shares of the bank's stock worth $95,000 after acquiring an additional 1,772 shares in the last quarter. 62.73% of the stock is owned by institutional investors.

Bank of N.T. Butterfield & Son Trading Down 0.5 %

NYSE:NTB traded down $0.21 during mid-day trading on Friday, reaching $38.73. 278,591 shares of the company's stock traded hands, compared to its average volume of 184,656. The company has a 50 day moving average price of $37.55 and a 200-day moving average price of $37.45. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 8.21 and a beta of 1.15. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.63 and a quick ratio of 0.66. The Bank of N.T. Butterfield & Son Limited has a 12-month low of $29.06 and a 12-month high of $41.88.

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Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The bank reported $1.34 earnings per share for the quarter, beating 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, sell-side analysts predict that The Bank of N.T. Butterfield & Son Limited will post 4.4 earnings per share for the current year.

Bank of N.T. Butterfield & Son Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 24th will be issued a $0.44 dividend. The ex-dividend date is Monday, February 24th. This represents a $1.76 annualized dividend and a yield of 4.54%. Bank of N.T. Butterfield & Son's dividend payout ratio (DPR) is presently 37.29%.

Analyst Ratings Changes

A number of equities analysts recently commented on NTB shares. Keefe, Bruyette & Woods lifted 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 research report on Wednesday, February 12th. Wells Fargo & Company lifted their price objective on Bank of N.T. Butterfield & Son from $43.00 to $46.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Bank of N.T. Butterfield & Son has an average rating of "Moderate Buy" and a consensus price target of $40.80.

Bank of N.T. Butterfield & Son 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.