Rhumbline Advisers Grows Stock Position in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Rhumbline Advisers lifted its holdings in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) by 2.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 93,024 shares of the bank’s stock after acquiring an additional 2,156 shares during the period. Rhumbline Advisers owned approximately 0.20% of Bank of N.T. Butterfield & Son worth $3,400,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Capital Performance Advisors LLP acquired a new stake in Bank of N.T. Butterfield & Son in the 3rd quarter worth approximately $37,000. Point72 DIFC Ltd raised its holdings 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 worth $50,000 after buying an additional 1,077 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Bank of N.T. Butterfield & Son during the fourth quarter worth $72,000. Nisa Investment Advisors LLC grew its holdings in shares of Bank of N.T. Butterfield & Son by 222.0% during the third 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 during the last quarter. Finally, Quarry LP increased its position in shares of Bank of N.T. Butterfield & Son by 223.7% in the 3rd quarter. Quarry LP now owns 2,564 shares of the bank’s stock valued at $95,000 after acquiring an additional 1,772 shares during the period. Hedge funds and other institutional investors own 62.73% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on NTB. Wells Fargo & Company boosted their price target on 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. Keefe, Bruyette & Woods upped their target price on Bank of N.T. Butterfield & Son from $41.00 to $44.00 and gave the company a “market perform” rating in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $40.80.

Bank of N.T. Butterfield & Son Price Performance

Shares of NTB opened at $38.73 on Friday. The business’s 50-day moving average is $37.55 and its two-hundred day moving average is $37.45. The company has a market capitalization of $1.84 billion, a P/E ratio of 8.21 and a beta of 1.15. The Bank of N.T. Butterfield & Son Limited has a fifty-two week low of $29.06 and a fifty-two week high of $41.88. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.66 and a current ratio of 0.63.

Bank of N.T. Butterfield & Son (NYSE:NTB) last announced its quarterly earnings results on Monday, February 10th. The bank reported $1.34 earnings per share for the quarter, beating the consensus estimate 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%. Research analysts predict 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 24th will be given a dividend of $0.44 per share. The ex-dividend date is Monday, February 24th. This represents a $1.76 annualized dividend and a yield of 4.54%. Bank of N.T. Butterfield & Son’s dividend payout ratio is presently 37.29%.

Bank of N.T. Butterfield & Son Company 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.