R Squared Ltd Makes New $72,000 Investment in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

R Squared Ltd purchased a new stake in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 1,980 shares of the bank’s stock, valued at approximately $72,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Clear Harbor Asset Management LLC increased its holdings in Bank of N.T. Butterfield & Son by 2.7% during the 4th quarter. Clear Harbor Asset Management LLC now owns 11,540 shares of the bank’s stock worth $422,000 after acquiring an additional 300 shares during the period. Wedge Capital Management L L P NC increased its holdings in shares of Bank of N.T. Butterfield & Son by 1.4% in the third quarter. Wedge Capital Management L L P NC now owns 22,691 shares of the bank’s stock worth $837,000 after purchasing an additional 324 shares during the period. Stifel Financial Corp raised its position in shares of Bank of N.T. Butterfield & Son by 8.3% in the third quarter. Stifel Financial Corp now owns 7,832 shares of the bank’s stock worth $289,000 after buying an additional 602 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in Bank of N.T. Butterfield & Son by 1.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 88,519 shares of the bank’s stock valued at $3,235,000 after buying an additional 971 shares during the period. Finally, Capital Performance Advisors LLP purchased a new position in Bank of N.T. Butterfield & Son during the third quarter worth about $37,000. 62.73% of the stock is owned by hedge funds and other institutional investors.

Bank of N.T. Butterfield & Son Stock Performance

NYSE:NTB opened at $36.65 on Friday. The stock has a market cap of $1.74 billion, a P/E ratio of 8.16 and a beta of 1.16. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.09. The business’s 50-day moving average price is $36.92 and its two-hundred day moving average price is $37.20. The Bank of N.T. Butterfield & Son Limited has a twelve month low of $28.73 and a twelve month high of $40.55.

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.