The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC decreased its position in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) by 16.7% in the fourth quarter, HoldingsChannel reports. The firm owned 118,781 shares of the bank’s stock after selling 23,885 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Bank of N.T. Butterfield & Son were worth $4,341,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of NTB. Point72 DIFC Ltd grew its position in Bank of N.T. Butterfield & Son by 370.1% during the 3rd quarter. Point72 DIFC Ltd now owns 1,368 shares of the bank’s stock worth $50,000 after purchasing an additional 1,077 shares during the period. R Squared Ltd purchased a new stake in shares of Bank of N.T. Butterfield & Son in the fourth quarter worth about $72,000. Quarry LP grew its holdings in 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 acquiring an additional 1,772 shares during the period. Infrastructure Capital Advisors LLC purchased a new position in Bank of N.T. Butterfield & Son during the third quarter valued at approximately $216,000. Finally, Raymond James Financial Inc. acquired a new position in Bank of N.T. Butterfield & Son in the fourth quarter valued at approximately $219,000. Hedge funds and other institutional investors own 62.73% of the company’s stock.

Analyst Ratings Changes

NTB has been the topic of a number of analyst reports. Wells Fargo & Company raised their price objective on shares of Bank of N.T. Butterfield & Son from $43.00 to $46.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods raised their price target on shares of Bank of N.T. Butterfield & Son from $41.00 to $44.00 and gave the company 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 issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $40.80.

Bank of N.T. Butterfield & Son Stock Down 0.2 %

Shares of NTB opened at $39.29 on Friday. The firm has a market cap of $1.87 billion, a P/E ratio of 8.32 and a beta of 1.10. The Bank of N.T. Butterfield & Son Limited has a 12 month low of $30.07 and a 12 month high of $41.88. The stock’s 50 day moving average is $38.15 and its two-hundred day moving average is $37.56. 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 released its quarterly earnings results on Monday, February 10th. The bank reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. 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 business also recently announced 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 4.48%. Bank of N.T. Butterfield & Son’s dividend payout ratio is currently 37.29%.

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.