Handelsbanken Fonder AB Buys New Shares in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Handelsbanken Fonder AB bought a new position in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,300 shares of the bank’s stock, valued at approximately $230,000.

Other large investors have also recently bought and sold shares of the company. Jane Street Group LLC raised its stake in shares of Bank of N.T. Butterfield & Son by 42.7% during the 3rd quarter. Jane Street Group LLC now owns 71,567 shares of the bank’s stock worth $2,639,000 after purchasing an additional 21,430 shares in the last quarter. Barclays PLC increased its holdings 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 worth $2,241,000 after buying an additional 44,641 shares during the last quarter. JPMorgan Chase & Co. raised its position in Bank of N.T. Butterfield & Son by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 1,124,633 shares of the bank’s stock worth $41,476,000 after acquiring an additional 48,463 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Bank of N.T. Butterfield & Son in the third quarter valued at $330,000. Finally, Stifel Financial Corp lifted its stake in Bank of N.T. Butterfield & Son by 8.3% in the third 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 last quarter. 62.73% of the stock is owned by institutional investors and hedge funds.

Bank of N.T. Butterfield & Son Trading Up 0.2 %

NTB stock opened at $38.89 on Tuesday. The Bank of N.T. Butterfield & Son Limited has a one year low of $29.06 and a one year high of $41.88. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 8.24 and a beta of 1.15. The company has a fifty day moving average price of $37.59 and a two-hundred day moving average price of $37.49. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.63 and a quick ratio of 0.66.

Bank of N.T. Butterfield & Son (NYSE:NTB) last announced its earnings results on Monday, February 10th. The bank reported $1.34 EPS for the quarter, topping the consensus estimate of $1.17 by $0.17. Bank of N.T. Butterfield & Son had a net margin of 26.51% and a return on equity of 21.46%. Equities 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 24th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date is Monday, February 24th. Bank of N.T. Butterfield & Son’s dividend payout ratio is 37.29%.

Wall Street Analyst Weigh In

NTB has been the topic of several recent analyst reports. Keefe, Bruyette & Woods boosted 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 note on Wednesday, February 12th. Wells Fargo & Company boosted 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 research report on Wednesday, February 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $40.80.

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.