Savant Capital LLC Sells 1,001 Shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Savant Capital LLC decreased its position in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) by 10.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,864 shares of the bank’s stock after selling 1,001 shares during the quarter. Savant Capital LLC’s holdings in Bank of N.T. Butterfield & Son were worth $324,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Jane Street Group LLC grew its position in Bank of N.T. Butterfield & Son by 42.7% in the 3rd quarter. Jane Street Group LLC now owns 71,567 shares of the bank’s stock valued at $2,639,000 after purchasing an additional 21,430 shares during the period. Barclays PLC boosted its holdings in shares of 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 buying an additional 44,641 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Bank of N.T. Butterfield & Son by 4.5% in the 3rd 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. Wealth Enhancement Advisory Services LLC bought a new stake in Bank of N.T. Butterfield & Son in the 3rd quarter valued at about $330,000. Finally, Stifel Financial Corp raised its stake in Bank of N.T. Butterfield & Son by 8.3% in the 3rd quarter. Stifel Financial Corp now owns 7,832 shares of the bank’s stock valued at $289,000 after acquiring an additional 602 shares during the period. Institutional investors own 62.73% of the company’s stock.

Bank of N.T. Butterfield & Son Trading Down 0.5 %

Shares of NYSE:NTB opened at $40.25 on Tuesday. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 8.96 and a beta of 1.15. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.66 and a current ratio of 0.66. The stock’s 50-day simple moving average is $37.13 and its two-hundred day simple moving average is $37.16. 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 posted its quarterly earnings data on Monday, February 10th. The bank reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.17. Bank of N.T. Butterfield & Son had a return on equity of 21.14% and a net margin of 25.93%. Analysts expect that The Bank of N.T. Butterfield & Son Limited will post 4.52 EPS for the current year.

Analyst Upgrades and Downgrades

NTB has been the topic of several research analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of 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. Wells Fargo & Company upped their target price on Bank of N.T. Butterfield & Son from $43.00 to $46.00 and gave the stock 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 given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $40.80.

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.