Commonwealth Equity Services LLC Has $758,000 Stake in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Commonwealth Equity Services LLC lowered its stake in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,737 shares of the bank’s stock after selling 810 shares during the period. Commonwealth Equity Services LLC’s holdings in Bank of N.T. Butterfield & Son were worth $758,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of NTB. Davis Selected Advisers boosted its position in shares of Bank of N.T. Butterfield & Son by 0.5% during the fourth quarter. Davis Selected Advisers now owns 1,076,424 shares of the bank’s stock worth $39,343,000 after purchasing an additional 5,712 shares in the last quarter. Raymond James Financial Inc. bought a new position in Bank of N.T. Butterfield & Son during the fourth quarter worth about $219,000. Victory Capital Management Inc. grew its stake in Bank of N.T. Butterfield & Son by 9.4% in the fourth quarter. Victory Capital Management Inc. now owns 502,400 shares of the bank’s stock valued at $18,363,000 after acquiring an additional 43,190 shares during the period. Bailard Inc. bought a new stake in shares of Bank of N.T. Butterfield & Son in the fourth quarter worth about $720,000. Finally, Hahn Capital Management LLC raised its position in shares of Bank of N.T. Butterfield & Son by 60.4% during the fourth quarter. Hahn Capital Management LLC now owns 103,344 shares of the bank’s stock worth $3,777,000 after purchasing an additional 38,924 shares during the period. 62.73% of the stock is currently owned by institutional investors and hedge funds.

Bank of N.T. Butterfield & Son Stock Up 1.1 %

NYSE:NTB opened at $39.34 on Thursday. The stock has a 50-day simple moving average of $38.33 and a 200 day simple moving average of $37.62. The Bank of N.T. Butterfield & Son Limited has a 52-week low of $30.07 and a 52-week high of $41.88. The company has a market cap of $1.87 billion, a PE ratio of 8.33 and a beta of 1.10. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.66 and a current ratio of 0.63.

Bank of N.T. Butterfield & Son (NYSE:NTB) last issued its quarterly earnings results on Monday, February 10th. The bank reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.17. Bank of N.T. Butterfield & Son had a net margin of 26.51% and a return on equity of 21.46%. On average, sell-side analysts expect 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 24th were paid a dividend of $0.44 per share. The ex-dividend date was Monday, February 24th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.47%. Bank of N.T. Butterfield & Son’s dividend payout ratio is 37.29%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Keefe, Bruyette & Woods increased 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 note on Wednesday, February 12th. Wells Fargo & Company upped 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. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Bank of N.T. Butterfield & Son currently has a consensus rating of “Moderate Buy” and a consensus target price 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.