D L Carlson Investment Group Inc. Boosts Holdings in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

D L Carlson Investment Group Inc. boosted its holdings in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) by 32.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,455 shares of the bank’s stock after buying an additional 2,800 shares during the period. D L Carlson Investment Group Inc.’s holdings in Bank of N.T. Butterfield & Son were worth $419,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rovida Investment Management Ltd purchased a new position in shares of Bank of N.T. Butterfield & Son during the fourth quarter worth approximately $65,568,000. Jacobs Levy Equity Management Inc. grew its stake in shares of Bank of N.T. Butterfield & Son by 538.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 308,496 shares of the bank’s stock worth $11,377,000 after purchasing an additional 260,168 shares during the last quarter. Norges Bank bought a new position in Bank of N.T. Butterfield & Son during the 4th quarter valued at approximately $5,700,000. American Century Companies Inc. boosted its stake in shares of Bank of N.T. Butterfield & Son by 9.9% during the 4th quarter. American Century Companies Inc. now owns 1,142,830 shares of the bank’s stock valued at $41,770,000 after purchasing an additional 103,339 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in Bank of N.T. Butterfield & Son in the third quarter worth $2,769,000. Hedge funds and other institutional investors own 62.73% of the company’s stock.

Bank of N.T. Butterfield & Son Trading Down 1.6 %

Shares of NTB opened at $38.70 on Monday. The company’s fifty day simple moving average is $38.19 and its 200-day simple moving average is $37.58. The company has a market cap of $1.84 billion, a P/E ratio of 8.20 and a beta of 1.10. The company has a current ratio of 0.63, a quick ratio of 0.66 and a debt-to-equity ratio of 0.10. The Bank of N.T. Butterfield & Son Limited has a twelve month low of $30.07 and a twelve month high of $41.88.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.17. Bank of N.T. Butterfield & Son had a return on equity of 21.46% and a net margin of 26.51%. As a group, analysts expect that The Bank of N.T. Butterfield & Son Limited will post 4.4 EPS for the current year.

Bank of N.T. Butterfield & Son Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 24th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date of this dividend was Monday, February 24th. Bank of N.T. Butterfield & Son’s dividend payout ratio (DPR) is presently 37.29%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Wells Fargo & Company increased their price target 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 increased their price target 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. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $40.80.

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.