Hahn Capital Management LLC Increases Stock Holdings in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Hahn Capital Management LLC raised its position in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) by 60.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 103,344 shares of the bank's stock after purchasing an additional 38,924 shares during the period. Bank of N.T. Butterfield & Son accounts for approximately 1.7% of Hahn Capital Management LLC's portfolio, making the stock its 26th biggest holding. Hahn Capital Management LLC owned approximately 0.22% of Bank of N.T. Butterfield & Son worth $3,777,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in shares of Bank of N.T. Butterfield & Son in the third quarter worth about $37,000. Point72 DIFC Ltd lifted 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 worth $50,000 after purchasing an additional 1,077 shares in the last quarter. R Squared Ltd acquired a new position in shares of Bank of N.T. Butterfield & Son during the 4th quarter worth approximately $72,000. Nisa Investment Advisors LLC grew its position in shares of Bank of N.T. Butterfield & Son by 222.0% in the third quarter. Nisa Investment Advisors LLC now owns 2,254 shares of the bank's stock valued at $83,000 after purchasing an additional 1,554 shares in the last quarter. Finally, Quarry LP increased its holdings in shares of Bank of N.T. Butterfield & Son by 223.7% in the third quarter. Quarry LP now owns 2,564 shares of the bank's stock valued at $95,000 after purchasing an additional 1,772 shares during the last quarter. Hedge funds and other institutional investors own 62.73% of the company's stock.

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Bank of N.T. Butterfield & Son Trading Up 0.2 %

NYSE:NTB traded up $0.09 on Monday, reaching $38.89. The company's stock had a trading volume of 170,476 shares, compared to its average volume of 180,504. The Bank of N.T. Butterfield & Son Limited has a 12-month low of $29.06 and a 12-month high of $41.88. The stock has a 50 day moving average price of $37.55 and a 200 day moving average price of $37.47. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 8.24 and a beta of 1.15. The company has a quick ratio of 0.66, a current ratio of 0.63 and a debt-to-equity ratio of 0.10.

Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last issued 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%. On average, equities analysts anticipate 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 24th will be issued a $0.44 dividend. The ex-dividend date is Monday, February 24th. This represents a $1.76 annualized dividend and a dividend yield of 4.53%. Bank of N.T. Butterfield & Son's dividend payout ratio is currently 37.29%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Keefe, Bruyette & Woods upped their target price 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, February 12th. Wells Fargo & Company upped 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 report on Wednesday, February 12th. One equities research 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, the stock has an average rating of "Moderate Buy" and a consensus target price 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.