Bailard Inc. Takes Position in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Bailard Inc. acquired a new position in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,696 shares of the bank’s stock, valued at approximately $720,000.

Other large investors also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in Bank of N.T. Butterfield & Son during the third quarter worth approximately $37,000. Point72 DIFC Ltd grew its stake in Bank of N.T. Butterfield & Son by 370.1% during the third 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 period. R Squared Ltd acquired a new stake in Bank of N.T. Butterfield & Son during the fourth quarter worth approximately $72,000. Nisa Investment Advisors LLC grew its holdings in Bank of N.T. Butterfield & Son by 222.0% in 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 grew its holdings in Bank of N.T. Butterfield & Son by 223.7% in 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 during the period. 62.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NTB has been the subject of a number of research reports. Wells Fargo & Company raised their price target on shares of Bank of N.T. Butterfield & Son from $43.00 to $46.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Keefe, Bruyette & Woods raised their price objective on 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $40.80.

Bank of N.T. Butterfield & Son Price Performance

Shares of NYSE NTB opened at $38.89 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.66 and a current ratio of 0.63. The firm’s 50-day simple moving average is $37.59 and its 200 day simple moving average is $37.49. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 8.24 and a beta of 1.15. The Bank of N.T. Butterfield & Son Limited has a fifty-two week low of $29.06 and a fifty-two week high of $41.88.

Bank of N.T. Butterfield & Son (NYSE:NTB) last posted its quarterly earnings data on Monday, February 10th. The bank reported $1.34 earnings per share (EPS) 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, research analysts anticipate that The Bank of N.T. Butterfield & Son Limited will post 4.4 earnings per share for the current fiscal year.

Bank of N.T. Butterfield & Son Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 24th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.53%. Bank of N.T. Butterfield & Son’s payout ratio is presently 37.29%.

About Bank of N.T. Butterfield & Son

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.