Deutsche Bank AG Raises Holdings in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Deutsche Bank AG lifted its position in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) by 34.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 59,591 shares of the bank’s stock after acquiring an additional 15,106 shares during the quarter. Deutsche Bank AG owned approximately 0.13% of Bank of N.T. Butterfield & Son worth $2,178,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in Bank of N.T. Butterfield & Son during the fourth quarter valued at about $72,000. Quarry LP raised its position in shares of Bank of N.T. Butterfield & Son by 19.7% in the fourth quarter. Quarry LP now owns 3,069 shares of the bank’s stock valued at $112,000 after purchasing an additional 505 shares during the period. PDT Partners LLC bought a new stake in shares of Bank of N.T. Butterfield & Son in the fourth quarter valued at approximately $217,000. Raymond James Financial Inc. purchased a new stake in shares of Bank of N.T. Butterfield & Son during the 4th quarter valued at approximately $219,000. Finally, Handelsbanken Fonder AB bought a new position in Bank of N.T. Butterfield & Son in the 4th quarter worth approximately $230,000. Hedge funds and other institutional investors own 62.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NTB shares. Keefe, Bruyette & Woods boosted their target price on shares of Bank of N.T. Butterfield & Son from $44.00 to $48.00 and gave the company a “market perform” rating in a report on Friday, April 25th. Wells Fargo & Company lifted their price target on Bank of N.T. Butterfield & Son from $43.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th.

Bank of N.T. Butterfield & Son Price Performance

NTB stock opened at $42.10 on Friday. The firm has a 50 day moving average of $39.23 and a 200-day moving average of $38.15. The firm has a market capitalization of $2.00 billion, a P/E ratio of 8.92 and a beta of 0.66. The Bank of N.T. Butterfield & Son Limited has a 12 month low of $32.78 and a 12 month high of $43.09. The company has a current ratio of 0.63, a quick ratio of 0.66 and a debt-to-equity ratio of 0.10.

Bank of N.T. Butterfield & Son (NYSE:NTB) last posted its earnings results on Wednesday, April 23rd. The bank reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.27. Bank of N.T. Butterfield & Son had a net margin of 26.51% and a return on equity of 21.46%. The business had revenue of $148.20 million for the quarter, compared to analysts’ expectations of $140.89 million. During the same period in the prior year, the company posted $1.17 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, sell-side analysts predict that The Bank of N.T. Butterfield & Son Limited will post 4.4 earnings per share for the current fiscal year.

Bank of N.T. Butterfield & Son Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were given a $0.44 dividend. The ex-dividend date was Wednesday, May 7th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.18%. Bank of N.T. Butterfield & Son’s dividend payout ratio (DPR) is presently 36.51%.

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.