Victory Capital Management Inc. Has $18.36 Million Position in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Victory Capital Management Inc. grew its holdings in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) by 9.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 502,400 shares of the bank’s stock after buying an additional 43,190 shares during the quarter. Victory Capital Management Inc. owned approximately 1.06% of Bank of N.T. Butterfield & Son worth $18,363,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Jacobs Levy Equity Management Inc. grew its holdings in Bank of N.T. Butterfield & Son by 538.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 308,496 shares of the bank’s stock worth $11,377,000 after acquiring an additional 260,168 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Bank of N.T. Butterfield & Son during the third quarter worth approximately $2,769,000. Polaris Capital Management LLC bought a new stake in shares of Bank of N.T. Butterfield & Son during the fourth quarter valued at approximately $2,039,000. JPMorgan Chase & Co. increased its holdings 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 purchasing an additional 48,463 shares in the last quarter. Finally, Barclays PLC raised its position in Bank of N.T. Butterfield & Son by 276.9% in the 3rd quarter. Barclays PLC now owns 60,763 shares of the bank’s stock worth $2,241,000 after purchasing an additional 44,641 shares during the last quarter. 62.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NTB has been the topic of a number of recent research reports. Wells Fargo & Company increased 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 research report on Wednesday, February 12th. Keefe, Bruyette & Woods lifted their price objective on Bank of N.T. Butterfield & Son from $41.00 to $44.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 12th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Bank of N.T. Butterfield & Son presently has an average rating of “Moderate Buy” and an average price target of $40.80.

Bank of N.T. Butterfield & Son Price Performance

NTB opened at $36.80 on Wednesday. The company has a fifty day moving average price of $37.61 and a two-hundred day moving average price of $37.49. 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 firm has a market capitalization of $1.75 billion, a PE ratio of 7.80 and a beta of 1.10. The Bank of N.T. Butterfield & Son Limited has a 52 week low of $29.06 and a 52 week high of $41.88.

Bank of N.T. Butterfield & Son (NYSE:NTB) last announced its quarterly earnings data on Monday, February 10th. The bank reported $1.34 EPS for the quarter, topping 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 anticipate 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 24th were paid a $0.44 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.78%. Bank of N.T. Butterfield & Son’s dividend payout ratio (DPR) 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.