Quantbot Technologies LP Grows Position in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Quantbot Technologies LP raised its position in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) by 44.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,994 shares of the bank’s stock after acquiring an additional 5,547 shares during the quarter. Quantbot Technologies LP’s holdings in Bank of N.T. Butterfield & Son were worth $658,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NTB. Magnetar Financial LLC lifted its position in shares of Bank of N.T. Butterfield & Son by 43.2% during the 4th quarter. Magnetar Financial LLC now owns 26,278 shares of the bank’s stock worth $960,000 after purchasing an additional 7,932 shares during the last quarter. Intech Investment Management LLC lifted its holdings in Bank of N.T. Butterfield & Son by 301.7% during the 4th quarter. Intech Investment Management LLC now owns 29,556 shares of the bank’s stock worth $1,080,000 after buying an additional 22,199 shares during the last quarter. Davis Selected Advisers boosted its position in shares of Bank of N.T. Butterfield & Son by 0.5% during the 4th quarter. Davis Selected Advisers now owns 1,076,424 shares of the bank’s stock worth $39,343,000 after acquiring an additional 5,712 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Bank of N.T. Butterfield & Son during the 4th quarter worth about $219,000. Finally, Victory Capital Management Inc. lifted its stake in Bank of N.T. Butterfield & Son by 9.4% during the fourth quarter. Victory Capital Management Inc. now owns 502,400 shares of the bank’s stock worth $18,363,000 after purchasing an additional 43,190 shares during the last quarter. Institutional investors and hedge funds own 62.73% of the company’s stock.

Bank of N.T. Butterfield & Son Price Performance

NTB stock opened at $39.29 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.66 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $1.87 billion, a P/E ratio of 8.32 and a beta of 1.10. The business has a 50 day simple moving average of $38.15 and a 200-day simple moving average of $37.56. The Bank of N.T. Butterfield & Son Limited has a twelve month low of $30.07 and a twelve month high of $41.88.

Bank of N.T. Butterfield & Son (NYSE:NTB) last issued its quarterly earnings results on Monday, February 10th. The bank reported $1.34 earnings per share 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%. As a group, equities analysts anticipate 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 declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 4.48%. The ex-dividend date was Monday, February 24th. Bank of N.T. Butterfield & Son’s dividend payout ratio (DPR) is presently 37.29%.

Analyst Upgrades and Downgrades

Several brokerages have commented on NTB. Keefe, Bruyette & Woods increased their price target 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 research note on Wednesday, February 12th. Wells Fargo & Company increased their target price on shares of Bank of N.T. Butterfield & Son from $43.00 to $46.00 and gave the company an “overweight” rating in a research 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $40.80.

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.