The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Shares Acquired by Hahn Capital Management LLC

Hahn Capital Management LLC lifted its holdings in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) by 60.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 103,344 shares of the bank’s stock after buying an additional 38,924 shares during the period. Bank of N.T. Butterfield & Son makes up about 1.7% of Hahn Capital Management LLC’s investment portfolio, making the stock its 26th largest holding. Hahn Capital Management LLC’s holdings in Bank of N.T. Butterfield & Son were worth $3,777,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NTB. Capital Performance Advisors LLP acquired a new position in shares of Bank of N.T. Butterfield & Son during the third quarter worth approximately $37,000. Point72 DIFC Ltd boosted its position in shares of Bank of N.T. Butterfield & Son by 370.1% during the third quarter. Point72 DIFC Ltd now owns 1,368 shares of the bank’s stock worth $50,000 after buying an additional 1,077 shares during the period. R Squared Ltd acquired a new position in shares of Bank of N.T. Butterfield & Son during the fourth quarter worth approximately $72,000. Nisa Investment Advisors LLC boosted its position in shares of 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 buying an additional 1,554 shares during the period. Finally, Quarry LP boosted its position in shares of Bank of N.T. Butterfield & Son by 223.7% during the third quarter. Quarry LP now owns 2,564 shares of the bank’s stock worth $95,000 after buying an additional 1,772 shares during the period. 62.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NTB has been the subject of several analyst reports. Wells Fargo & Company boosted their price objective on Bank of N.T. Butterfield & Son from $43.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. 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 research report on Wednesday, February 12th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $40.80.

Bank of N.T. Butterfield & Son Stock Performance

NTB opened at $38.93 on Friday. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 8.25 and a beta of 1.15. 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 1-year low of $29.06 and a 1-year high of $41.88. The business has a 50 day moving average price of $37.51 and a two-hundred day moving average price of $37.40.

Bank of N.T. Butterfield & Son (NYSE:NTB) last announced its quarterly earnings data on Monday, February 10th. The bank reported $1.34 EPS for the quarter, beating 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%. 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. Stockholders of record on Monday, February 24th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.52%. Bank of N.T. Butterfield & Son’s dividend payout ratio (DPR) is presently 37.29%.

About Bank of N.T. Butterfield & Son

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.