The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its position in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTBFree Report) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,453,670 shares of the bank’s stock after purchasing an additional 25,383 shares during the quarter. Dimensional Fund Advisors LP owned 2.89% of Bank of N.T. Butterfield & Son worth $46,534,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. New York State Common Retirement Fund raised its holdings in Bank of N.T. Butterfield & Son by 1.2% during the third quarter. New York State Common Retirement Fund now owns 79,509 shares of the bank’s stock worth $2,153,000 after purchasing an additional 931 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Bank of N.T. Butterfield & Son by 5.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,896 shares of the bank’s stock worth $733,000 after purchasing an additional 1,183 shares during the last quarter. Wedge Capital Management L L P NC raised its holdings in Bank of N.T. Butterfield & Son by 11.1% during the fourth quarter. Wedge Capital Management L L P NC now owns 18,950 shares of the bank’s stock worth $607,000 after purchasing an additional 1,893 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Bank of N.T. Butterfield & Son by 0.4% in the third quarter. Invesco Ltd. now owns 808,823 shares of the bank’s stock worth $21,903,000 after acquiring an additional 2,889 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of Bank of N.T. Butterfield & Son by 0.8% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 399,579 shares of the bank’s stock worth $10,821,000 after acquiring an additional 3,335 shares during the last quarter. 62.73% of the stock is owned by institutional investors and hedge funds.

Bank of N.T. Butterfield & Son Stock Performance

Bank of N.T. Butterfield & Son stock opened at $33.14 on Thursday. The firm has a market capitalization of $1.67 billion, a P/E ratio of 7.45 and a beta of 1.24. The stock has a fifty day moving average price of $33.10 and a 200 day moving average price of $31.23. The Bank of N.T. Butterfield & Son Limited has a 52 week low of $24.62 and a 52 week high of $36.06. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.10.

Bank of N.T. Butterfield & Son (NYSE:NTBGet Free Report) last released its earnings results on Wednesday, April 24th. The bank reported $1.17 EPS for the quarter, beating the consensus estimate of $0.96 by $0.21. The firm had revenue of $142.80 million during the quarter, compared to analyst estimates of $137.28 million. Bank of N.T. Butterfield & Son had a return on equity of 23.18% and a net margin of 27.95%. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.24 earnings per share. Equities research analysts anticipate that The Bank of N.T. Butterfield & Son Limited will post 4.4 earnings per share for the current year.

Bank of N.T. Butterfield & Son Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Tuesday, May 7th were paid a $0.44 dividend. The ex-dividend date of this dividend was Monday, May 6th. This represents a $1.76 annualized dividend and a yield of 5.31%. Bank of N.T. Butterfield & Son’s payout ratio is currently 39.55%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on NTB shares. Piper Sandler reissued an “overweight” rating and issued a $38.00 price target (up from $34.00) on shares of Bank of N.T. Butterfield & Son in a report on Thursday, April 25th. Keefe, Bruyette & Woods cut their price target on Bank of N.T. Butterfield & Son from $41.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, February 14th. Finally, Raymond James reissued an “outperform” rating and issued a $36.00 price target (up from $32.00) on shares of Bank of N.T. Butterfield & Son in a report on Thursday, April 25th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $35.80.

Check Out Our Latest Stock Report on Bank of N.T. Butterfield & Son

Bank of N.T. Butterfield & Son Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Bank of N.T. Butterfield & Son (NYSE:NTB)

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