Barclays PLC Increases Stock Position in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Barclays PLC raised its position in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) by 276.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,763 shares of the bank’s stock after buying an additional 44,641 shares during the period. Barclays PLC’s holdings in Bank of N.T. Butterfield & Son were worth $2,241,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of NTB. Capital Performance Advisors LLP purchased a new position in shares of Bank of N.T. Butterfield & Son in the 3rd quarter valued at about $37,000. Point72 DIFC Ltd increased its position in shares of Bank of N.T. Butterfield & Son by 370.1% in the third quarter. Point72 DIFC Ltd now owns 1,368 shares of the bank’s stock valued at $50,000 after buying an additional 1,077 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Bank of N.T. Butterfield & Son during the 2nd quarter worth approximately $56,000. Point72 Asset Management L.P. acquired a new position in shares of Bank of N.T. Butterfield & Son during the 2nd quarter worth approximately $63,000. Finally, Nisa Investment Advisors LLC lifted its position in shares of Bank of N.T. Butterfield & Son by 222.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,254 shares of the bank’s stock valued at $83,000 after buying an additional 1,554 shares in the last quarter. Institutional investors and hedge funds own 62.73% of the company’s stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods cut shares of Bank of N.T. Butterfield & Son from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $44.00 to $41.00 in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $39.60.

Bank of N.T. Butterfield & Son Stock Performance

Shares of NYSE:NTB opened at $37.14 on Thursday. The business’s 50 day moving average price is $37.64 and its 200-day moving average price is $36.86. The Bank of N.T. Butterfield & Son Limited has a 1 year low of $28.73 and a 1 year high of $40.55. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a market capitalization of $1.87 billion, a PE ratio of 8.27 and a beta of 1.17.

Bank of N.T. Butterfield & Son (NYSE:NTB) last released its earnings results on Tuesday, October 22nd. The bank reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.06. The business had revenue of $142.70 million during the quarter, compared to analyst estimates of $142.07 million. Bank of N.T. Butterfield & Son had a net margin of 25.93% and a return on equity of 21.14%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.16 earnings per share. As a group, equities research analysts expect that The Bank of N.T. Butterfield & Son Limited will post 4.52 earnings per share for the current fiscal year.

Bank of N.T. Butterfield & Son Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th were given a $0.44 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.74%. Bank of N.T. Butterfield & Son’s dividend payout ratio (DPR) is presently 39.20%.

Bank of N.T. Butterfield & Son Company Profile

The Bank of N.T. Butterfield & Son Limited provides a range of community, commercial, and private banking services to individuals and small to medium-sized businesses. It accepts retail and corporate checking, savings, term, and interest bearing and non-interest bearing deposits. The company’s lending portfolio includes residential mortgage lending, automobile lending, consumer financing, credit cards, overdraft facilities, commercial real estate lending, and commercial and industrial loans, as well as overdraft facilities to commercial and corporate customers.