Schroder Investment Management Group Purchases New Position in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Schroder Investment Management Group bought a new stake in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 55,324 shares of the bank's stock, valued at approximately $2,024,000. Schroder Investment Management Group owned about 0.12% of Bank of N.T. Butterfield & Son as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NTB. Point72 DIFC Ltd grew its stake in shares of Bank of N.T. Butterfield & Son by 370.1% in the third quarter. Point72 DIFC Ltd now owns 1,368 shares of the bank's stock valued at $50,000 after buying an additional 1,077 shares in the last quarter. R Squared Ltd purchased a new position in Bank of N.T. Butterfield & Son during the 4th quarter valued at about $72,000. Quarry LP boosted its holdings in 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 valued at $95,000 after acquiring an additional 1,772 shares during the period. Raymond James Financial Inc. acquired a new position in Bank of N.T. Butterfield & Son in the 4th quarter valued at about $219,000. Finally, Handelsbanken Fonder AB purchased a new stake in Bank of N.T. Butterfield & Son during the fourth quarter worth about $230,000. Hedge funds and other institutional investors own 62.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NTB. Keefe, Bruyette & Woods raised 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 note on Wednesday, February 12th. Wells Fargo & Company raised their price target 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $40.80.

Bank of N.T. Butterfield & Son Stock Up 0.8 %

Shares of NTB stock traded up $0.27 during trading hours on Friday, reaching $35.73. 180,944 shares of the stock were exchanged, compared to its average volume of 191,538. The business's fifty day moving average is $38.26 and its two-hundred day moving average is $37.53. The firm has a market capitalization of $1.70 billion, a P/E ratio of 7.57 and a beta of 0.82. The Bank of N.T. Butterfield & Son Limited has a 12-month low of $30.07 and a 12-month high of $41.88. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.63 and a quick ratio of 0.66.

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 EPS for the quarter, topping 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%. As a group, research analysts expect 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 firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 4.93%. The ex-dividend date 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.