The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC raised its stake in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) by 19.2% during the fourth quarter, Holdings Channel reports. The firm owned 155,861 shares of the bank’s stock after purchasing an additional 25,082 shares during the period. Empowered Funds LLC’s holdings in Bank of N.T. Butterfield & Son were worth $5,697,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NTB. Capital Performance Advisors LLP purchased a new stake in Bank of N.T. Butterfield & Son during the 3rd quarter worth $37,000. Point72 DIFC Ltd raised its stake in shares of Bank of N.T. Butterfield & Son by 370.1% in the 3rd quarter. Point72 DIFC Ltd now owns 1,368 shares of the bank’s stock valued at $50,000 after purchasing an additional 1,077 shares in the last quarter. R Squared Ltd bought a new position in Bank of N.T. Butterfield & Son during the 4th quarter worth approximately $72,000. Nisa Investment Advisors LLC lifted its stake in Bank of N.T. Butterfield & Son by 222.0% during 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 last quarter. Finally, Quarry LP boosted its holdings in shares of Bank of N.T. Butterfield & Son by 223.7% in the 3rd quarter. Quarry LP now owns 2,564 shares of the bank’s stock valued at $95,000 after buying an additional 1,772 shares during the period. Institutional investors and hedge funds own 62.73% of the company’s stock.

Bank of N.T. Butterfield & Son Trading Up 8.1 %

NYSE:NTB opened at $40.49 on Wednesday. The firm has a market capitalization of $1.92 billion, a P/E ratio of 9.02 and a beta of 1.15. The business has a 50 day simple moving average of $36.88 and a 200 day simple moving average of $37.10. The Bank of N.T. Butterfield & Son Limited has a 12-month low of $28.73 and a 12-month high of $41.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.66 and a quick ratio of 0.66.

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, beating the consensus estimate of $1.17 by $0.17. Bank of N.T. Butterfield & Son had a net margin of 25.93% and a return on equity of 21.14%. Equities research analysts predict that The Bank of N.T. Butterfield & Son Limited will post 4.52 EPS for the current year.

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.