Barnett & Company Inc. Sells 7,700 Shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Barnett & Company Inc. lessened its stake in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) by 54.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 6,430 shares of the bank's stock after selling 7,700 shares during the period. Barnett & Company Inc.'s holdings in Bank of N.T. Butterfield & Son were worth $235,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jane Street Group LLC boosted its holdings in Bank of N.T. Butterfield & Son by 42.7% in the 3rd quarter. Jane Street Group LLC now owns 71,567 shares of the bank's stock worth $2,639,000 after buying an additional 21,430 shares during the period. Barclays PLC lifted its position in shares of Bank of N.T. Butterfield & Son by 276.9% in the third quarter. Barclays PLC now owns 60,763 shares of the bank's stock valued at $2,241,000 after acquiring an additional 44,641 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Bank of N.T. Butterfield & Son by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 1,124,633 shares of the bank's stock valued at $41,476,000 after acquiring an additional 48,463 shares in the last quarter. Handelsbanken Fonder AB bought a new position in shares of Bank of N.T. Butterfield & Son in the fourth quarter worth about $230,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Bank of N.T. Butterfield & Son during the fourth quarter worth about $359,000. Hedge funds and other institutional investors own 62.73% of the company's stock.

Bank of N.T. Butterfield & Son Price Performance

Shares of NYSE:NTB traded down $0.62 during mid-day trading on Friday, reaching $38.70. The stock had a trading volume of 113,556 shares, compared to its average volume of 189,964. The company has a market cap of $1.84 billion, a P/E ratio of 8.20 and a beta of 1.10. The business's 50 day moving average price is $38.19 and its 200 day moving average price is $37.57. The company has a current ratio of 0.63, a quick ratio of 0.66 and a debt-to-equity ratio of 0.10. The Bank of N.T. Butterfield & Son Limited has a 1 year low of $30.07 and a 1 year high of $41.88.

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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 the consensus estimate 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%. 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 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 given a dividend of $0.44 per share. The ex-dividend date of this dividend 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 (DPR) is currently 37.29%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wells Fargo & Company boosted their price target on Bank of N.T. Butterfield & Son from $43.00 to $46.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Keefe, Bruyette & Woods boosted their target price on shares of Bank of N.T. Butterfield & Son from $41.00 to $44.00 and gave the stock a "market perform" rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $40.80.

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.