The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Shares Sold by Harbor Advisors LLC

Harbor Advisors LLC cut its position in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 155,408 shares of the bank’s stock after selling 10,000 shares during the quarter. Bank of N.T. Butterfield & Son makes up 0.9% of Harbor Advisors LLC’s investment portfolio, making the stock its 16th biggest holding. Harbor Advisors LLC owned about 0.33% of Bank of N.T. Butterfield & Son worth $5,680,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. American Century Companies Inc. boosted its position in shares of Bank of N.T. Butterfield & Son by 9.9% in 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 during the period. Quantbot Technologies LP lifted its holdings in shares of Bank of N.T. Butterfield & Son by 44.6% in the 4th quarter. Quantbot Technologies LP now owns 17,994 shares of the bank’s stock valued at $658,000 after buying an additional 5,547 shares during the period. Magnetar Financial LLC lifted its holdings in shares of Bank of N.T. Butterfield & Son by 43.2% in the 4th quarter. Magnetar Financial LLC now owns 26,278 shares of the bank’s stock valued at $960,000 after buying an additional 7,932 shares during the period. Intech Investment Management LLC lifted its holdings in shares of Bank of N.T. Butterfield & Son by 301.7% in the 4th quarter. Intech Investment Management LLC now owns 29,556 shares of the bank’s stock valued at $1,080,000 after buying an additional 22,199 shares during the period. Finally, Davis Selected Advisers lifted its holdings in shares of Bank of N.T. Butterfield & Son by 0.5% in the 4th quarter. Davis Selected Advisers now owns 1,076,424 shares of the bank’s stock valued at $39,343,000 after buying an additional 5,712 shares during the period. 62.73% of the stock is owned by institutional investors and hedge funds.

Bank of N.T. Butterfield & Son Stock Performance

NYSE NTB opened at $38.23 on Friday. The Bank of N.T. Butterfield & Son Limited has a 1-year low of $30.07 and a 1-year high of $41.88. The company has a market capitalization of $1.82 billion, a P/E ratio of 8.10 and a beta of 1.10. The business has a 50 day moving average price of $37.91 and a 200 day moving average price of $37.50. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.63 and a quick ratio of 0.66.

Bank of N.T. Butterfield & Son (NYSE:NTB) last released its quarterly earnings data on Monday, February 10th. The bank reported $1.34 earnings per share for the quarter, beating the consensus estimate 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%. 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 Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 4.60%. The ex-dividend date was Monday, February 24th. Bank of N.T. Butterfield & Son’s payout ratio is 37.29%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Keefe, Bruyette & Woods raised their price target on Bank of N.T. Butterfield & Son from $41.00 to $44.00 and gave the company a “market perform” rating in a report on Wednesday, February 12th. Wells Fargo & Company raised 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 report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Bank of N.T. Butterfield & Son has a consensus rating of “Moderate Buy” and a consensus target price of $40.80.

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.