The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Shares Sold by Barnett & Company Inc.

Barnett & Company Inc. decreased its position in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) by 54.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,430 shares of the bank’s stock after selling 7,700 shares during the quarter. Barnett & Company Inc.’s holdings in Bank of N.T. Butterfield & Son were worth $235,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of NTB. Jane Street Group LLC boosted its holdings 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 last quarter. Barclays PLC raised its position in shares of Bank of N.T. Butterfield & Son by 276.9% during the 3rd quarter. Barclays PLC now owns 60,763 shares of the bank’s stock valued at $2,241,000 after buying an additional 44,641 shares during the period. JPMorgan Chase & Co. lifted its holdings in 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 acquiring an additional 48,463 shares during the last quarter. Handelsbanken Fonder AB purchased a new position in Bank of N.T. Butterfield & Son in the fourth quarter worth approximately $230,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Bank of N.T. Butterfield & Son during the fourth quarter worth $359,000. Hedge funds and other institutional investors own 62.73% of the company’s stock.

Bank of N.T. Butterfield & Son Stock Down 0.7 %

Shares of NYSE:NTB opened at $38.23 on Monday. The firm has a market capitalization of $1.82 billion, a PE ratio of 8.10 and a beta of 1.10. The Bank of N.T. Butterfield & Son Limited has a 1 year low of $30.07 and a 1 year high of $41.88. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.63 and a quick ratio of 0.66. The firm’s 50-day moving average is $37.91 and its two-hundred day moving average is $37.50.

Bank of N.T. Butterfield & Son (NYSE:NTB) last released its earnings results on Monday, February 10th. The bank reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. Analysts predict 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 business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were issued 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 yield of 4.60%. Bank of N.T. Butterfield & Son’s dividend payout ratio (DPR) is presently 37.29%.

Analyst Ratings Changes

NTB has been the topic of several research 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 company a “market perform” rating in a report on Wednesday, February 12th. Wells Fargo & Company upped their price objective on shares of Bank of N.T. Butterfield & Son from $43.00 to $46.00 and gave the stock an “overweight” rating in a report 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. According to MarketBeat, the stock currently 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.