Harbor Advisors LLC lowered its holdings in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) by 6.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 155,408 shares of the bank's stock after selling 10,000 shares during the period. Bank of N.T. Butterfield & Son makes up about 0.9% of Harbor Advisors LLC's holdings, making the stock its 16th biggest position. Harbor Advisors LLC owned 0.33% of Bank of N.T. Butterfield & Son worth $5,680,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in NTB. Point72 DIFC Ltd increased its stake in shares of 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 acquiring an additional 1,077 shares in the last quarter. R Squared Ltd bought a new stake in Bank of N.T. Butterfield & Son in the fourth quarter valued at $72,000. Quarry LP increased its stake in 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 in the last quarter. Infrastructure Capital Advisors LLC acquired a new position in shares of Bank of N.T. Butterfield & Son during the third quarter valued at about $216,000. Finally, Raymond James Financial Inc. bought a new position in shares of Bank of N.T. Butterfield & Son during the 4th quarter worth about $219,000. 62.73% of the stock is currently owned by institutional investors.
Bank of N.T. Butterfield & Son Stock Down 0.2 %
NTB stock traded down $0.08 during mid-day trading on Thursday, reaching $39.29. 110,300 shares of the company traded hands, compared to its average volume of 180,853. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 8.32 and a beta of 1.10. The Bank of N.T. Butterfield & Son Limited has a fifty-two week low of $30.07 and a fifty-two week high of $41.88. The firm's 50 day moving average price is $38.10 and its 200 day moving average price is $37.54. 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 announced its quarterly earnings results 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%. As a group, equities research analysts predict 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 company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date of this dividend was Monday, February 24th. Bank of N.T. Butterfield & Son's payout ratio is currently 37.29%.
Analyst Ratings Changes
A number of brokerages recently commented on NTB. Wells Fargo & Company boosted their target price 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. Keefe, Bruyette & Woods upped their target price on Bank of N.T. Butterfield & Son from $41.00 to $44.00 and gave the stock a "market perform" 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $40.80.
Check Out Our Latest Stock Analysis on Bank of N.T. Butterfield & Son
Bank of N.T. Butterfield & Son Company 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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