Polaris Capital Management LLC Makes New Investment in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Polaris Capital Management LLC acquired a new position in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 55,800 shares of the bank's stock, valued at approximately $2,039,000. Polaris Capital Management LLC owned about 0.12% of Bank of N.T. Butterfield & Son as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in Bank of N.T. Butterfield & Son during the 3rd quarter worth approximately $37,000. Point72 DIFC Ltd increased its holdings in shares of 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 valued at $50,000 after acquiring an additional 1,077 shares during the last quarter. R Squared Ltd bought a new stake in shares of Bank of N.T. Butterfield & Son in the 4th quarter valued at approximately $72,000. Nisa Investment Advisors LLC increased its holdings in shares of Bank of N.T. Butterfield & Son by 222.0% in the 3rd 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 increased its holdings in shares of Bank of N.T. Butterfield & Son by 223.7% in the 3rd quarter. Quarry LP now owns 2,564 shares of the bank's stock valued at $95,000 after acquiring an additional 1,772 shares during the last quarter. 62.73% of the stock is currently owned by hedge funds and other institutional investors.

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Bank of N.T. Butterfield & Son Stock Performance

NYSE:NTB traded down $0.07 during midday trading on Friday, reaching $40.36. 84,303 shares of the company traded hands, compared to its average volume of 180,861. The Bank of N.T. Butterfield & Son Limited has a twelve month low of $29.06 and a twelve month high of $41.88. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 9.00 and a beta of 1.15. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.66 and a quick ratio of 0.66. The company has a fifty day moving average price of $37.08 and a 200 day moving average price of $37.16.

Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The bank reported $1.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.17 by $0.17. Bank of N.T. Butterfield & Son had a return on equity of 21.14% and a net margin of 25.93%. On average, analysts expect that The Bank of N.T. Butterfield & Son Limited will post 4.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NTB shares. Wells Fargo & Company boosted their price target on Bank of N.T. Butterfield & Son from $43.00 to $46.00 and gave the company an "overweight" rating in a report on Wednesday. Keefe, Bruyette & Woods boosted their price target on Bank of N.T. Butterfield & Son from $41.00 to $44.00 and gave the company a "market perform" rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Bank of N.T. Butterfield & Son currently has an average rating of "Moderate Buy" and an average price target of $40.80.

About Bank of N.T. Butterfield & Son

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.