Trexquant Investment LP grew its position in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) by 68.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,075 shares of the bank's stock after acquiring an additional 31,380 shares during the quarter. Trexquant Investment LP owned 0.16% of Bank of N.T. Butterfield & Son worth $2,817,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the company. Rovida Investment Management Ltd bought a new position in Bank of N.T. Butterfield & Son in the fourth quarter worth $65,568,000. Norges Bank bought a new position in shares of Bank of N.T. Butterfield & Son during the 4th quarter worth about $5,700,000. American Century Companies Inc. lifted its holdings in shares of Bank of N.T. Butterfield & Son by 9.9% during the 4th quarter. American Century Companies Inc. now owns 1,142,830 shares of the bank's stock worth $41,770,000 after acquiring an additional 103,339 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Bank of N.T. Butterfield & Son during the 3rd quarter valued at about $2,769,000. Finally, Polaris Capital Management LLC bought a new stake in Bank of N.T. Butterfield & Son in the fourth quarter valued at about $2,039,000. Institutional investors and hedge funds own 62.73% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have weighed in on NTB. Wells Fargo & Company lifted 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 report on Wednesday, February 12th. Keefe, Bruyette & Woods boosted their price target on Bank of N.T. Butterfield & Son from $41.00 to $44.00 and gave the company a "market perform" rating in a research note 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $40.80.
Read Our Latest Stock Analysis on NTB
Bank of N.T. Butterfield & Son Price Performance
Shares of NYSE NTB traded up $0.27 during mid-day trading on Friday, hitting $35.73. 180,944 shares of the stock were exchanged, compared to its average volume of 191,538. The company has a market cap of $1.70 billion, a P/E ratio of 7.57 and a beta of 0.82. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.66 and a current ratio of 0.63. The Bank of N.T. Butterfield & Son Limited has a twelve month low of $30.07 and a twelve month high of $41.88. The stock's fifty day simple moving average is $38.26 and its two-hundred day simple moving average is $37.53.
Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The bank reported $1.34 earnings per share for the quarter, beating 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%. As a group, analysts forecast 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 was paid on Monday, March 10th. Shareholders of record on Monday, February 24th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date of this dividend was Monday, February 24th. Bank of N.T. Butterfield & Son's dividend payout ratio is currently 37.29%.
About Bank of N.T. Butterfield & Son
(
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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