Y Intercept Hong Kong Ltd Acquires New Position in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Y Intercept Hong Kong Ltd acquired a new stake in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,817 shares of the bank’s stock, valued at approximately $359,000.

A number of other institutional investors have also bought and sold shares of NTB. Thrivent Financial for Lutherans increased its holdings in shares of Bank of N.T. Butterfield & Son by 0.6% in the third quarter. Thrivent Financial for Lutherans now owns 1,172,819 shares of the bank’s stock valued at $43,254,000 after purchasing an additional 7,207 shares during the last quarter. JPMorgan Chase & Co. grew its holdings 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 buying an additional 48,463 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Bank of N.T. Butterfield & Son by 20.3% in the 3rd quarter. Victory Capital Management Inc. now owns 459,210 shares of the bank’s stock valued at $16,936,000 after buying an additional 77,334 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in shares of Bank of N.T. Butterfield & Son by 538.3% in 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. Finally, Empowered Funds LLC raised its holdings in shares of Bank of N.T. Butterfield & Son by 19.2% during the 4th quarter. Empowered Funds LLC now owns 155,861 shares of the bank’s stock worth $5,697,000 after acquiring an additional 25,082 shares during the period. 62.73% of the stock is owned by hedge funds and other institutional investors.

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

Shares of NTB opened at $38.89 on Tuesday. The company’s 50-day simple moving average is $37.59 and its 200-day simple moving average is $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 Bank of N.T. Butterfield & Son Limited has a 1 year low of $29.06 and a 1 year high of $41.88. The stock has a market capitalization of $1.85 billion, a PE ratio of 8.24 and a beta of 1.15.

Bank of N.T. Butterfield & Son (NYSE:NTB) last released 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 return on equity of 21.46% and a net margin of 26.51%. Analysts forecast that The Bank of N.T. Butterfield & Son Limited will post 4.4 earnings per share for the current fiscal 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 dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend is Monday, February 24th. Bank of N.T. Butterfield & Son’s payout ratio is 37.29%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NTB. Keefe, Bruyette & Woods lifted their price target on shares of 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. Wells Fargo & Company lifted their target price 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Bank of N.T. Butterfield & Son currently has an average rating of “Moderate Buy” and a consensus price target 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.