XTX Topco Ltd bought a new position in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,526 shares of the bank's stock, valued at approximately $567,000.
Other institutional investors also recently bought and sold shares of the company. Stifel Financial Corp increased its position in shares of 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 purchasing an additional 602 shares during the last quarter. Jane Street Group LLC boosted its stake in Bank of N.T. Butterfield & Son by 42.7% during the third 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 increased its position in Bank of N.T. Butterfield & Son by 276.9% during 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 during the last quarter. JPMorgan Chase & Co. raised its stake 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 during the period. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Bank of N.T. Butterfield & Son by 1.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 88,519 shares of the bank's stock worth $3,235,000 after acquiring an additional 971 shares during the last quarter. 62.73% of the stock is owned by hedge funds and other institutional investors.
Bank of N.T. Butterfield & Son Trading Up 2.0 %
Shares of NYSE:NTB traded up $0.78 during trading on Friday, reaching $39.88. 37,113 shares of the company were exchanged, compared to its average volume of 190,571. The business's fifty day simple moving average is $37.92 and its 200-day simple moving average is $37.60. 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 12-month low of $32.78 and a 12-month high of $41.88. The firm has a market capitalization of $1.90 billion, a PE ratio of 8.45 and a beta of 0.82.
Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The bank reported $1.30 EPS for the quarter, topping the consensus estimate of $1.03 by $0.27. Bank of N.T. Butterfield & Son had a return on equity of 21.46% and a net margin of 26.51%. The company had revenue of $148.20 million for the quarter, compared to the consensus estimate of $140.89 million. On average, research analysts anticipate that The Bank of N.T. Butterfield & Son Limited will post 4.4 EPS for the current year.
Bank of N.T. Butterfield & Son Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date of this dividend was Monday, February 24th. Bank of N.T. Butterfield & Son's dividend payout ratio (DPR) is presently 37.29%.
Analyst Ratings Changes
A number of analysts recently weighed in on NTB shares. Keefe, Bruyette & Woods increased their price objective on shares of Bank of N.T. Butterfield & Son from $44.00 to $48.00 and gave the stock a "market perform" rating in a research report on Friday. Wells Fargo & Company increased 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. 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, Bank of N.T. Butterfield & Son currently has an average rating of "Moderate Buy" and a consensus price target of $41.60.
Check Out Our Latest Stock Analysis on Bank of N.T. Butterfield & Son
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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