Polaris Capital Management LLC Invests $2.04 Million in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Polaris Capital Management LLC acquired a new stake in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 55,800 shares of the bank’s stock, valued at approximately $2,039,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. increased its position in shares of Bank of N.T. Butterfield & Son by 538.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 308,496 shares of the bank’s stock valued at $11,377,000 after buying an additional 260,168 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Bank of N.T. Butterfield & Son by 93.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 278,110 shares of the bank’s stock valued at $10,257,000 after purchasing an additional 134,351 shares during the period. Victory Capital Management Inc. grew its position in shares of Bank of N.T. Butterfield & Son by 20.3% during the 3rd quarter. Victory Capital Management Inc. now owns 459,210 shares of the bank’s stock valued at $16,936,000 after purchasing an additional 77,334 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Bank of N.T. Butterfield & Son in the third quarter worth $2,769,000. Finally, JPMorgan Chase & Co. boosted its stake in Bank of N.T. Butterfield & Son by 4.5% during the third 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 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 1.3 %

Shares of Bank of N.T. Butterfield & Son stock opened at $37.49 on Tuesday. The company has a 50 day simple moving average of $36.89 and a two-hundred day simple moving average of $37.11. The firm has a market cap of $1.78 billion, a PE ratio of 8.35 and a beta of 1.15. The Bank of N.T. Butterfield & Son Limited has a 1 year low of $28.73 and a 1 year high of $40.55. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.66 and a quick ratio of 0.66.

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, beating analysts’ consensus estimates of $1.17 by $0.17. Bank of N.T. Butterfield & Son had a return on equity of 21.14% and a net margin of 25.93%. 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 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.