Russell Investments Group Ltd. Has $1.61 Million Position in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Russell Investments Group Ltd. trimmed its holdings in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) by 46.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,098 shares of the bank's stock after selling 38,736 shares during the period. Russell Investments Group Ltd. owned about 0.09% of Bank of N.T. Butterfield & Son worth $1,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. R Squared Ltd purchased a new stake in Bank of N.T. Butterfield & Son during the 4th quarter worth approximately $72,000. Raymond James Financial Inc. purchased a new position in shares of Bank of N.T. Butterfield & Son in the fourth quarter worth about $219,000. Handelsbanken Fonder AB purchased a new position in Bank of N.T. Butterfield & Son during the 4th quarter worth approximately $230,000. Stifel Financial Corp lifted its stake in Bank of N.T. Butterfield & Son by 8.3% during the 3rd quarter. Stifel Financial Corp now owns 7,832 shares of the bank's stock valued at $289,000 after acquiring an additional 602 shares during the period. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Bank of N.T. Butterfield & Son in the 4th quarter valued at $291,000. Institutional investors own 62.73% of the company's stock.

Bank of N.T. Butterfield & Son Stock Performance

Shares of NTB traded up $1.20 during mid-day trading on Thursday, reaching $39.50. 55,614 shares of the company's stock were exchanged, compared to its average volume of 190,732. The stock has a market capitalization of $1.88 billion, a PE ratio of 8.34 and a beta of 0.82. The business's fifty day simple moving average is $37.94 and its 200-day simple moving average is $37.58. 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 Bank of N.T. Butterfield & Son Limited has a 52-week low of $32.04 and a 52-week high of $41.88.

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, beating 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%. On average, equities research analysts expect that The Bank of N.T. Butterfield & Son Limited will post 4.4 earnings per share for the current year.

Bank of N.T. Butterfield & Son Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 24th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 4.46%. The ex-dividend date was Monday, February 24th. Bank of N.T. Butterfield & Son's dividend payout ratio (DPR) is presently 37.29%.

Analyst Ratings Changes

Several brokerages have weighed in on NTB. Keefe, Bruyette & Woods increased their price target 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. Wells Fargo & Company increased their price target on shares of 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. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Bank of N.T. Butterfield & Son currently has a consensus rating of "Moderate Buy" and a consensus target price 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.