Rovida Investment Management Ltd purchased a new position in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,793,437 shares of the bank's stock, valued at approximately $65,568,000. Bank of N.T. Butterfield & Son makes up approximately 20.5% of Rovida Investment Management Ltd's portfolio, making the stock its 2nd biggest position. Rovida Investment Management Ltd owned 3.77% of Bank of N.T. Butterfield & Son at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Clear Harbor Asset Management LLC lifted its holdings in shares of Bank of N.T. Butterfield & Son by 2.7% in the fourth quarter. Clear Harbor Asset Management LLC now owns 11,540 shares of the bank's stock valued at $422,000 after purchasing an additional 300 shares in the last quarter. Stifel Financial Corp lifted its stake in Bank of N.T. Butterfield & Son by 8.3% in the 3rd quarter. Stifel Financial Corp now owns 7,832 shares of the bank's stock valued at $289,000 after buying an additional 602 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Bank of N.T. Butterfield & Son by 1.1% in the fourth quarter. Harbor Capital Advisors Inc. now owns 88,519 shares of the bank's stock valued at $3,235,000 after acquiring an additional 971 shares in the last quarter. Point72 DIFC Ltd raised its stake 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 valued at $50,000 after purchasing an additional 1,077 shares during the last quarter. Finally, Quarry LP boosted its stake in shares of Bank of N.T. Butterfield & Son by 223.7% during the 3rd quarter. Quarry LP now owns 2,564 shares of the bank's stock worth $95,000 after purchasing an additional 1,772 shares during the last quarter. Institutional investors and hedge funds own 62.73% of the company's stock.
Bank of N.T. Butterfield & Son Trading Down 1.6 %
Shares of NTB stock traded down $0.62 on Friday, reaching $38.70. 113,556 shares of the stock were exchanged, compared to its average volume of 189,964. The company has a quick ratio of 0.66, a current ratio of 0.63 and a debt-to-equity ratio of 0.10. The stock has a market cap of $1.84 billion, a P/E ratio of 8.20 and a beta of 1.10. The firm has a 50 day moving average of $38.19 and a two-hundred day moving average of $37.57. The Bank of N.T. Butterfield & Son Limited has a 1-year low of $30.07 and a 1-year high of $41.88.
Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last posted its quarterly earnings results 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 21.46% and a net margin of 26.51%. On average, research analysts anticipate that The Bank of N.T. Butterfield & Son Limited will post 4.4 EPS for the current year.
Bank of N.T. Butterfield & Son Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 24th were paid a dividend of $0.44 per share. The ex-dividend date was Monday, February 24th. This represents a $1.76 annualized dividend and a yield of 4.55%. Bank of N.T. Butterfield & Son's dividend payout ratio is currently 37.29%.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on NTB. Keefe, Bruyette & Woods boosted their price objective on shares of Bank of N.T. Butterfield & Son from $41.00 to $44.00 and gave the company 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 company an "overweight" rating in a research report on Wednesday, February 12th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $40.80.
Read Our Latest Stock Report on NTB
Bank of N.T. Butterfield & Son Profile
(
Free Report)
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.
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