The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Holdings Lifted by US Bancorp DE

US Bancorp DE grew its stake in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) by 2,841.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 5,735 shares of the bank’s stock after acquiring an additional 5,540 shares during the period. US Bancorp DE’s holdings in Bank of N.T. Butterfield & Son were worth $212,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of NTB. BNP Paribas Financial Markets boosted its stake in shares of Bank of N.T. Butterfield & Son by 54.3% during the 1st quarter. BNP Paribas Financial Markets now owns 29,859 shares of the bank’s stock valued at $955,000 after buying an additional 10,502 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Bank of N.T. Butterfield & Son in the 1st quarter valued at approximately $441,000. SG Americas Securities LLC lifted its stake in shares of Bank of N.T. Butterfield & Son by 16.2% in the first quarter. SG Americas Securities LLC now owns 6,455 shares of the bank’s stock worth $206,000 after buying an additional 898 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Bank of N.T. Butterfield & Son by 3.1% during the 1st quarter. Russell Investments Group Ltd. now owns 60,821 shares of the bank’s stock worth $1,946,000 after buying an additional 1,854 shares during the period. Finally, ProShare Advisors LLC increased its stake in shares of Bank of N.T. Butterfield & Son by 8.5% in the first quarter. ProShare Advisors LLC now owns 8,725 shares of the bank’s stock worth $279,000 after purchasing an additional 686 shares during the period. Hedge funds and other institutional investors own 62.73% of the company’s stock.

Bank of N.T. Butterfield & Son Trading Down 0.4 %

NTB opened at $37.87 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.09. The Bank of N.T. Butterfield & Son Limited has a twelve month low of $27.20 and a twelve month high of $40.55. The firm’s 50-day simple moving average is $37.34 and its 200-day simple moving average is $36.25.

Bank of N.T. Butterfield & Son (NYSE:NTB) last announced its earnings results on Tuesday, October 22nd. The bank reported $1.16 EPS for the quarter, topping the consensus estimate of $1.10 by $0.06. Bank of N.T. Butterfield & Son had a return on equity of 21.14% and a net margin of 25.93%. The company had revenue of $142.70 million for the quarter, compared to analysts’ expectations of $142.07 million. During the same quarter in the prior year, the business earned $1.16 earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis. As a group, sell-side analysts forecast that The Bank of N.T. Butterfield & Son Limited will post 4.52 EPS for the current fiscal year.

Bank of N.T. Butterfield & Son Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th will be paid a dividend of $0.44 per share. The ex-dividend date is Tuesday, November 5th. This represents a $1.76 annualized dividend and a dividend yield of 4.65%. Bank of N.T. Butterfield & Son’s dividend payout ratio (DPR) is currently 39.20%.

Wall Street Analyst Weigh In

NTB has been the topic of several recent analyst reports. Keefe, Bruyette & Woods downgraded Bank of N.T. Butterfield & Son from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $44.00 to $41.00 in a research report on Wednesday, October 2nd. Wells Fargo & Company upped their price objective on Bank of N.T. Butterfield & Son from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. One 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, Bank of N.T. Butterfield & Son currently has a consensus rating of “Moderate Buy” and an average price target of $39.60.

Bank of N.T. Butterfield & Son Profile

The Bank of N.T. Butterfield & Son Limited provides a range of community, commercial, and private banking services to individuals and small to medium-sized businesses. It accepts retail and corporate checking, savings, term, and interest bearing and non-interest bearing deposits. The company’s lending portfolio includes residential mortgage lending, automobile lending, consumer financing, credit cards, overdraft facilities, commercial real estate lending, and commercial and industrial loans, as well as overdraft facilities to commercial and corporate customers.