D L Carlson Investment Group Inc. Acquires 2,800 Shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

D L Carlson Investment Group Inc. boosted its holdings in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) by 32.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,455 shares of the bank’s stock after purchasing an additional 2,800 shares during the quarter. D L Carlson Investment Group Inc.’s holdings in Bank of N.T. Butterfield & Son were worth $419,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Point72 DIFC Ltd boosted its position in shares of 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 worth $50,000 after acquiring an additional 1,077 shares in the last quarter. R Squared Ltd acquired a new stake in Bank of N.T. Butterfield & Son in the fourth quarter valued at about $72,000. Quarry LP grew its position 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 valued at $95,000 after acquiring an additional 1,772 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Bank of N.T. Butterfield & Son in the fourth quarter worth about $219,000. Finally, Handelsbanken Fonder AB bought a new stake in shares of Bank of N.T. Butterfield & Son during the 4th quarter valued at approximately $230,000. Institutional investors own 62.73% of the company’s stock.

Bank of N.T. Butterfield & Son Stock Performance

Shares of NTB opened at $38.70 on Monday. The company has a market cap of $1.84 billion, a PE ratio of 8.20 and a beta of 1.10. The stock has a 50-day moving average of $38.19 and a 200-day moving average of $37.58. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.63 and a quick ratio of 0.66. The Bank of N.T. Butterfield & Son Limited has a one year low of $30.07 and a one year high of $41.88.

Bank of N.T. Butterfield & Son (NYSE:NTB) last issued its quarterly earnings data on Monday, February 10th. The bank reported $1.34 EPS for the quarter, topping the consensus estimate 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, equities research analysts predict that The Bank of N.T. Butterfield & Son Limited will post 4.4 EPS 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. Investors of record on Monday, February 24th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date was Monday, February 24th. Bank of N.T. Butterfield & Son’s dividend payout ratio (DPR) is currently 37.29%.

Analyst Ratings Changes

NTB has been the subject of a number of recent research reports. Keefe, Bruyette & Woods upped their target price on Bank of N.T. Butterfield & Son from $41.00 to $44.00 and gave the stock a “market perform” rating in a report on Wednesday, February 12th. Wells Fargo & Company lifted 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. 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, the company presently has an average rating of “Moderate Buy” and an average price target of $40.80.

Bank of N.T. Butterfield & Son 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.