LSV Asset Management Has $12.70 Million Position in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

LSV Asset Management lifted its position in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) by 63.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 347,499 shares of the bank's stock after purchasing an additional 135,399 shares during the quarter. LSV Asset Management owned 0.73% of Bank of N.T. Butterfield & Son worth $12,701,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in NTB. Raymond James Financial Inc. bought a new stake in shares of Bank of N.T. Butterfield & Son in the fourth quarter worth about $219,000. Martingale Asset Management L P increased its stake in Bank of N.T. Butterfield & Son by 23.9% during the 4th quarter. Martingale Asset Management L P now owns 96,003 shares of the bank's stock worth $3,509,000 after purchasing an additional 18,536 shares in the last quarter. Legal & General Group Plc raised its holdings in Bank of N.T. Butterfield & Son by 5.1% during the 4th quarter. Legal & General Group Plc now owns 7,697 shares of the bank's stock worth $281,000 after buying an additional 374 shares during the period. Invesco Ltd. lifted its stake in Bank of N.T. Butterfield & Son by 3.3% in the fourth quarter. Invesco Ltd. now owns 868,888 shares of the bank's stock valued at $31,758,000 after buying an additional 27,619 shares in the last quarter. Finally, Federated Hermes Inc. boosted its holdings in shares of Bank of N.T. Butterfield & Son by 4.8% in the fourth quarter. Federated Hermes Inc. now owns 60,582 shares of the bank's stock valued at $2,214,000 after buying an additional 2,800 shares during the period. Institutional investors and hedge funds own 62.73% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on NTB shares. Wells Fargo & Company boosted their price objective on shares of Bank of N.T. Butterfield & Son from $43.00 to $46.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods increased their price objective on 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 assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Bank of N.T. Butterfield & Son has a consensus rating of "Moderate Buy" and an average target price of $40.80.

Bank of N.T. Butterfield & Son Stock Up 0.6 %

NTB traded up $0.22 on Friday, hitting $37.45. 137,015 shares of the company were exchanged, compared to its average volume of 191,367. The stock's fifty day moving average is $38.17 and its 200-day moving average is $37.53. The Bank of N.T. Butterfield & Son Limited has a 12 month low of $30.22 and a 12 month high of $41.88. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.66 and a current ratio of 0.63. The company has a market cap of $1.78 billion, a PE ratio of 7.93 and a beta of 0.82.

Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The bank reported $1.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.17 by $0.17. Bank of N.T. Butterfield & Son had a return on equity of 21.46% and a net margin of 26.51%. Equities research analysts predict that The Bank of N.T. Butterfield & Son Limited will post 4.4 EPS for the current fiscal year.

Bank of N.T. Butterfield & Son Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 24th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date of this dividend was Monday, February 24th. Bank of N.T. Butterfield & Son's dividend payout ratio (DPR) is presently 37.29%.

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.