Infrastructure Capital Advisors LLC Acquires Shares of 5,850 The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Infrastructure Capital Advisors LLC acquired a new stake in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) during the third quarter, Holdings Channel reports. The fund acquired 5,850 shares of the bank’s stock, valued at approximately $216,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP bought a new position in shares of Bank of N.T. Butterfield & Son in the 3rd quarter worth about $37,000. Lazard Asset Management LLC bought a new position in shares of Bank of N.T. Butterfield & Son in the 1st quarter worth about $44,000. Meeder Asset Management Inc. bought a new position in shares of Bank of N.T. Butterfield & Son in the 2nd quarter worth about $56,000. Point72 Asset Management L.P. bought a new position in shares of Bank of N.T. Butterfield & Son in the 2nd quarter worth about $63,000. Finally, Nisa Investment Advisors LLC lifted its position in shares of Bank of N.T. Butterfield & Son by 222.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,254 shares of the bank’s stock worth $83,000 after buying an additional 1,554 shares during the last quarter. 62.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods downgraded shares of Bank of N.T. Butterfield & Son from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $44.00 to $41.00 in a research report on Wednesday, October 2nd. 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, Bank of N.T. Butterfield & Son has an average rating of “Moderate Buy” and an average price target of $39.60.

Bank of N.T. Butterfield & Son Stock Down 0.3 %

Shares of NYSE:NTB opened at $37.70 on Friday. The company’s 50-day moving average price is $37.48 and its 200 day moving average price is $36.46. The Bank of N.T. Butterfield & Son Limited has a fifty-two week low of $27.24 and a fifty-two week high of $40.55. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.09.

Bank of N.T. Butterfield & Son (NYSE:NTB) last issued its quarterly earnings data on Tuesday, October 22nd. The bank reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.06. The firm had revenue of $142.70 million for the quarter, compared to the consensus estimate of $142.07 million. Bank of N.T. Butterfield & Son had a net margin of 25.93% and a return on equity of 21.14%. Bank of N.T. Butterfield & Son’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the firm posted $1.16 EPS. On average, research analysts predict 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th were given a $0.44 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $1.76 annualized dividend and a yield of 4.67%. Bank of N.T. Butterfield & Son’s dividend payout ratio is presently 39.20%.

Bank of N.T. Butterfield & Son Company Profile

The Bank of N.T. Butterfield & Son Limited provides a range of community, commercial, and private banking services to individuals and small to medium-sized businesses. It accepts retail and corporate checking, savings, term, and interest bearing and non-interest bearing deposits. The company’s lending portfolio includes residential mortgage lending, automobile lending, consumer financing, credit cards, overdraft facilities, commercial real estate lending, and commercial and industrial loans, as well as overdraft facilities to commercial and corporate customers.