Vanguard Group Inc. Decreases Position in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Vanguard Group Inc. lessened its holdings in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 884,879 shares of the bank's stock after selling 19,057 shares during the quarter. Vanguard Group Inc. owned approximately 1.86% of Bank of N.T. Butterfield & Son worth $32,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Clear Harbor Asset Management LLC lifted its position in Bank of N.T. Butterfield & Son by 2.7% during the fourth quarter. Clear Harbor Asset Management LLC now owns 11,540 shares of the bank's stock valued at $422,000 after purchasing an additional 300 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Bank of N.T. Butterfield & Son by 8.3% in the third quarter. Stifel Financial Corp now owns 7,832 shares of the bank's stock worth $289,000 after buying an additional 602 shares during the period. Harbor Capital Advisors Inc. lifted its position in shares of Bank of N.T. Butterfield & Son by 1.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 88,519 shares of the bank's stock valued at $3,235,000 after buying an additional 971 shares in the last quarter. R Squared Ltd bought a new position in shares of Bank of N.T. Butterfield & Son during the 4th quarter valued at approximately $72,000. Finally, Rhumbline Advisers grew its stake in shares of Bank of N.T. Butterfield & Son by 2.4% during the 4th quarter. Rhumbline Advisers now owns 93,024 shares of the bank's stock valued at $3,400,000 after acquiring an additional 2,156 shares during the period. Institutional investors own 62.73% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Keefe, Bruyette & Woods lifted their price target on shares of 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 lifted their target price on shares of Bank of N.T. Butterfield & Son from $43.00 to $46.00 and gave the company an "overweight" rating in a research note 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. According to MarketBeat, Bank of N.T. Butterfield & Son presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.80.

Bank of N.T. Butterfield & Son Price Performance

NTB stock traded up $0.22 during midday trading on Friday, hitting $37.45. The company's stock had a trading volume of 137,015 shares, compared to its average volume of 191,033. The company has a quick ratio of 0.66, a current ratio of 0.63 and a debt-to-equity ratio of 0.10. The Bank of N.T. Butterfield & Son Limited has a 12 month low of $30.38 and a 12 month high of $41.88. The company has a 50 day moving average of $38.11 and a two-hundred day moving average of $37.54. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 7.93 and a beta of 0.82.

Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last issued its earnings results on Monday, February 10th. The bank reported $1.34 earnings per share for the quarter, topping analysts' consensus estimates 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, analysts expect that The Bank of N.T. Butterfield & Son Limited will post 4.4 EPS for the current year.

Bank of N.T. Butterfield & Son Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were given a $0.44 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.70%. Bank of N.T. Butterfield & Son's dividend payout ratio is currently 37.29%.

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.