The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Shares Purchased by Barclays PLC

Barclays PLC increased its position in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) by 276.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,763 shares of the bank’s stock after purchasing an additional 44,641 shares during the period. Barclays PLC’s holdings in Bank of N.T. Butterfield & Son were worth $2,241,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new stake in shares of Bank of N.T. Butterfield & Son during the 3rd quarter valued at approximately $2,769,000. Jane Street Group LLC raised its position in Bank of N.T. Butterfield & Son by 42.7% in the third 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. Stifel Financial Corp raised its position 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 purchasing an additional 602 shares during the period. Quarry LP grew its holdings in shares of Bank of N.T. Butterfield & Son by 223.7% during the 3rd quarter. Quarry LP now owns 2,564 shares of the bank’s stock worth $95,000 after purchasing an additional 1,772 shares during the period. Finally, Point72 DIFC Ltd increased its position in shares of Bank of N.T. Butterfield & Son by 370.1% during the 3rd quarter. Point72 DIFC Ltd now owns 1,368 shares of the bank’s stock worth $50,000 after purchasing an additional 1,077 shares during the last quarter. 62.73% of the stock is currently owned by institutional investors and hedge funds.

Bank of N.T. Butterfield & Son Trading Up 0.7 %

Shares of NYSE NTB opened at $37.14 on Thursday. The stock has a fifty day simple moving average of $37.64 and a 200-day simple moving average of $36.86. The Bank of N.T. Butterfield & Son Limited has a twelve month low of $28.73 and a twelve month high of $40.55. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $1.87 billion, a PE ratio of 8.27 and a beta of 1.17.

Bank of N.T. Butterfield & Son (NYSE:NTB) last issued its quarterly earnings results on Tuesday, October 22nd. The bank reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.06. Bank of N.T. Butterfield & Son had a net margin of 25.93% and a return on equity of 21.14%. The company had revenue of $142.70 million for the quarter, compared to analyst estimates of $142.07 million. During the same period in the prior year, the firm earned $1.16 earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year. On average, equities analysts forecast that The Bank of N.T. Butterfield & Son Limited will post 4.52 earnings per share for the current year.

Bank of N.T. Butterfield & Son Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th were given a $0.44 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $1.76 annualized dividend and a yield of 4.74%. Bank of N.T. Butterfield & Son’s dividend payout ratio is presently 39.20%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods cut shares of Bank of N.T. Butterfield & Son from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $44.00 to $41.00 in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.60.

Bank of N.T. Butterfield & Son Company 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.