Clear Harbor Asset Management LLC Boosts Stake in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Clear Harbor Asset Management LLC boosted its stake in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) by 2.7% in the 4th quarter, Holdings Channel reports. The firm owned 11,540 shares of the bank’s stock after purchasing an additional 300 shares during the period. Clear Harbor Asset Management LLC’s holdings in Bank of N.T. Butterfield & Son were worth $422,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NTB. Capital Performance Advisors LLP acquired a new stake in shares of Bank of N.T. Butterfield & Son in the third quarter valued at $37,000. Point72 DIFC Ltd boosted its holdings in 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 valued at $50,000 after acquiring an additional 1,077 shares during the period. Point72 Asset Management L.P. acquired a new position in Bank of N.T. Butterfield & Son in the 2nd quarter valued at about $63,000. Nisa Investment Advisors LLC increased its stake in Bank of N.T. Butterfield & Son by 222.0% during the third quarter. Nisa Investment Advisors LLC now owns 2,254 shares of the bank’s stock worth $83,000 after purchasing an additional 1,554 shares during the period. Finally, Quarry LP lifted its position in shares of Bank of N.T. Butterfield & Son by 223.7% during the third quarter. Quarry LP now owns 2,564 shares of the bank’s stock worth $95,000 after purchasing an additional 1,772 shares in the last quarter. Hedge funds and other institutional investors own 62.73% of the company’s stock.

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 dropped their price objective for the company from $44.00 to $41.00 in a report on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $39.60.

Bank of N.T. Butterfield & Son Trading Down 0.0 %

NTB opened at $37.02 on Wednesday. The business has a fifty day moving average price of $37.14 and a 200 day moving average price of $37.18. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.66 and a quick ratio of 0.66. The Bank of N.T. Butterfield & Son Limited has a 12 month low of $28.73 and a 12 month high of $40.55. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 8.24 and a beta of 1.16.

Bank of N.T. Butterfield & Son (NYSE:NTB) last announced its quarterly earnings data on Tuesday, October 22nd. The bank reported $1.16 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $142.70 million during the quarter, compared to the consensus estimate of $142.07 million. During the same period in the previous year, the company posted $1.16 earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis. Sell-side analysts expect that The Bank of N.T. Butterfield & Son Limited will post 4.52 earnings per share for the current fiscal year.

Bank of N.T. Butterfield & Son Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 4.75%. The ex-dividend date of this dividend was Tuesday, November 5th. Bank of N.T. Butterfield & Son’s dividend payout ratio (DPR) is presently 39.20%.

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.