Jane Street Group LLC Has $2.64 Million Position in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Jane Street Group LLC grew its holdings in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) by 42.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 71,567 shares of the bank's stock after purchasing an additional 21,430 shares during the period. Jane Street Group LLC's holdings in Bank of N.T. Butterfield & Son were worth $2,639,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NTB. Bank of New York Mellon Corp raised its stake in Bank of N.T. Butterfield & Son by 2.9% during the second quarter. Bank of New York Mellon Corp now owns 173,041 shares of the bank's stock worth $5,883,000 after acquiring an additional 4,881 shares in the last quarter. Principal Financial Group Inc. increased its position in Bank of N.T. Butterfield & Son by 14.1% during the 2nd quarter. Principal Financial Group Inc. now owns 28,946 shares of the bank's stock worth $1,017,000 after purchasing an additional 3,574 shares in the last quarter. Commonwealth Equity Services LLC bought a new position in Bank of N.T. Butterfield & Son in the 2nd quarter valued at approximately $855,000. Victory Capital Management Inc. boosted its position in Bank of N.T. Butterfield & Son by 45.6% in the second quarter. Victory Capital Management Inc. now owns 381,876 shares of the bank's stock valued at $13,411,000 after buying an additional 119,572 shares in the last quarter. Finally, Hahn Capital Management LLC grew its stake in shares of Bank of N.T. Butterfield & Son by 20.2% during the second quarter. Hahn Capital Management LLC now owns 89,826 shares of the bank's stock worth $3,155,000 after buying an additional 15,075 shares during the last quarter. Institutional investors and hedge funds own 62.73% of the company's stock.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods cut Bank of N.T. Butterfield & Son from an "outperform" rating to a "market perform" rating and dropped their price target for the company from $44.00 to $41.00 in a research note on Wednesday, October 2nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $39.60.

Bank of N.T. Butterfield & Son Trading Up 1.5 %

NYSE:NTB traded up $0.54 during mid-day trading on Friday, hitting $36.51. 828,719 shares of the company's stock were exchanged, compared to its average volume of 199,388. The Bank of N.T. Butterfield & Son Limited has a fifty-two week low of $28.73 and a fifty-two week high of $40.55. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $1.83 billion, a P/E ratio of 8.13 and a beta of 1.17. The company has a 50 day simple moving average of $37.68 and a 200-day simple moving average of $36.81.

Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The bank reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.06. The company had revenue of $142.70 million for the quarter, compared to analysts' expectations of $142.07 million. Bank of N.T. Butterfield & Son had a net margin of 25.93% and a return on equity of 21.14%. Bank of N.T. Butterfield & Son's revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.16 earnings per share. As a group, research analysts expect that The Bank of N.T. Butterfield & Son Limited will post 4.52 earnings per share for the current year.

Bank of N.T. Butterfield & Son Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date of this dividend was Tuesday, November 5th. Bank of N.T. Butterfield & Son's dividend payout ratio is currently 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.