Segall Bryant & Hamill LLC Cuts Stake in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Segall Bryant & Hamill LLC reduced its position in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) by 16.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,781 shares of the bank’s stock after selling 23,885 shares during the quarter. Segall Bryant & Hamill LLC owned 0.25% of Bank of N.T. Butterfield & Son worth $4,341,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. American Century Companies Inc. raised its holdings in shares of Bank of N.T. Butterfield & Son by 9.9% in the 4th quarter. American Century Companies Inc. now owns 1,142,830 shares of the bank’s stock valued at $41,770,000 after purchasing an additional 103,339 shares in the last quarter. Quantbot Technologies LP raised its stake in Bank of N.T. Butterfield & Son by 44.6% in the fourth quarter. Quantbot Technologies LP now owns 17,994 shares of the bank’s stock worth $658,000 after buying an additional 5,547 shares in the last quarter. Magnetar Financial LLC lifted its holdings in Bank of N.T. Butterfield & Son by 43.2% during the fourth quarter. Magnetar Financial LLC now owns 26,278 shares of the bank’s stock worth $960,000 after buying an additional 7,932 shares during the period. Intech Investment Management LLC boosted its position 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 valued at $1,080,000 after acquiring an additional 22,199 shares in the last quarter. Finally, Davis Selected Advisers increased its holdings in shares of Bank of N.T. Butterfield & Son by 0.5% in the 4th quarter. Davis Selected Advisers now owns 1,076,424 shares of the bank’s stock valued at $39,343,000 after acquiring an additional 5,712 shares during the period. 62.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on NTB. Keefe, Bruyette & Woods upped their price objective on Bank of N.T. Butterfield & Son from $41.00 to $44.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 12th. Wells Fargo & Company increased their price target 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $40.80.

Bank of N.T. Butterfield & Son Stock Down 0.2 %

Shares of NTB stock opened at $39.29 on Friday. The stock’s fifty day moving average price is $38.15 and its 200 day moving average price is $37.56. The Bank of N.T. Butterfield & Son Limited has a 1-year low of $30.07 and a 1-year high of $41.88. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 8.32 and a beta of 1.10. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.63 and a quick ratio of 0.66.

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 return on equity of 21.46% and a net margin of 26.51%. On average, research analysts expect 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 24th were issued a $0.44 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.48%. Bank of N.T. Butterfield & Son’s dividend payout ratio is currently 37.29%.

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.