Bailard Inc. Purchases Shares of 19,696 The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Bailard Inc. purchased a new stake in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 19,696 shares of the bank’s stock, valued at approximately $720,000.

Other hedge funds have also added to or reduced their stakes in the company. Jane Street Group LLC lifted its holdings in Bank of N.T. Butterfield & Son by 42.7% during the 3rd quarter. Jane Street Group LLC now owns 71,567 shares of the bank’s stock valued at $2,639,000 after purchasing an additional 21,430 shares during the last quarter. Barclays PLC raised its holdings in Bank of N.T. Butterfield & Son by 276.9% in the 3rd quarter. Barclays PLC now owns 60,763 shares of the bank’s stock valued at $2,241,000 after acquiring an additional 44,641 shares during the period. JPMorgan Chase & Co. raised its holdings in Bank of N.T. Butterfield & Son by 4.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,124,633 shares of the bank’s stock valued at $41,476,000 after acquiring an additional 48,463 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in Bank of N.T. Butterfield & Son in the 3rd quarter valued at about $330,000. Finally, Stifel Financial Corp raised its holdings in Bank of N.T. Butterfield & Son by 8.3% in the 3rd quarter. Stifel Financial Corp now owns 7,832 shares of the bank’s stock valued at $289,000 after acquiring an additional 602 shares during the period. Institutional investors and hedge funds own 62.73% of the company’s stock.

Bank of N.T. Butterfield & Son Price Performance

Shares of NYSE:NTB opened at $38.89 on Tuesday. The firm has a 50 day moving average of $37.59 and a 200-day moving average of $37.49. The stock has a market capitalization of $1.85 billion, a PE ratio of 8.24 and a beta of 1.15. 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 Bank of N.T. Butterfield & Son Limited has a 12 month low of $29.06 and a 12 month high of $41.88.

Bank of N.T. Butterfield & Son (NYSE:NTB) last posted its quarterly earnings results on Monday, February 10th. The bank reported $1.34 EPS 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, 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 Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. 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 report on Wednesday, February 12th. Keefe, Bruyette & Woods upped 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. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.