Segall Bryant & Hamill LLC Sells 23,885 Shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Segall Bryant & Hamill LLC lessened its stake in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) by 16.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 118,781 shares of the bank's stock after selling 23,885 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.25% of Bank of N.T. Butterfield & Son worth $4,341,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Intech Investment Management LLC purchased a new position in Bank of N.T. Butterfield & Son during the 3rd quarter valued at approximately $271,000. Quantbot Technologies LP boosted its position in shares of Bank of N.T. Butterfield & Son by 82.9% during the 3rd quarter. Quantbot Technologies LP now owns 12,447 shares of the bank's stock valued at $459,000 after acquiring an additional 5,640 shares during the last quarter. Infrastructure Capital Advisors LLC purchased a new position in shares of Bank of N.T. Butterfield & Son in the third quarter valued at $216,000. Martingale Asset Management L P raised its stake in Bank of N.T. Butterfield & Son by 54.3% during the third quarter. Martingale Asset Management L P now owns 77,467 shares of the bank's stock valued at $2,857,000 after purchasing an additional 27,254 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in Bank of N.T. Butterfield & Son by 538.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 308,496 shares of the bank's stock valued at $11,377,000 after purchasing an additional 260,168 shares during the last quarter. Institutional investors own 62.73% of the company's stock.

Remove Ads

Analysts Set New Price Targets

Several brokerages have recently issued reports on NTB. Keefe, Bruyette & Woods upped their target price 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 upped 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 investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Bank of N.T. Butterfield & Son has an average rating of "Moderate Buy" and an average target price of $40.80.

Bank of N.T. Butterfield & Son Trading Up 0.1 %

Shares of Bank of N.T. Butterfield & Son stock traded up $0.04 during trading on Tuesday, hitting $38.96. The stock had a trading volume of 131,203 shares, compared to its average volume of 190,064. 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. The firm's fifty day simple moving average is $38.27 and its 200-day simple moving average is $37.61. The stock has a market cap of $1.85 billion, a PE ratio of 8.25 and a beta of 1.10.

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 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, sell-side 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. Shareholders of record on Monday, February 24th were paid a $0.44 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.76 dividend on an annualized basis and a yield of 4.52%. Bank of N.T. Butterfield & Son's payout ratio is 37.29%.

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.