XTX Topco Ltd Takes Position in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

XTX Topco Ltd bought a new stake in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 15,526 shares of the bank’s stock, valued at approximately $567,000.

A number of other institutional investors have also added to or reduced their stakes in NTB. Rovida Investment Management Ltd acquired a new position in shares of Bank of N.T. Butterfield & Son during the fourth quarter worth approximately $65,568,000. Norges Bank bought a new position in shares of Bank of N.T. Butterfield & Son in the fourth quarter valued at $5,700,000. LSV Asset Management lifted its stake in shares of Bank of N.T. Butterfield & Son by 63.8% in the fourth quarter. LSV Asset Management now owns 347,499 shares of the bank’s stock valued at $12,701,000 after buying an additional 135,399 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Bank of N.T. Butterfield & Son by 9.9% during the fourth quarter. American Century Companies Inc. now owns 1,142,830 shares of the bank’s stock valued at $41,770,000 after buying an additional 103,339 shares during the last quarter. Finally, Polaris Capital Management LLC bought a new stake in shares of Bank of N.T. Butterfield & Son during the fourth quarter worth about $2,039,000. 62.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Keefe, Bruyette & Woods boosted their price objective on Bank of N.T. Butterfield & Son from $41.00 to $44.00 and gave the stock a “market perform” rating in a report on Wednesday, February 12th. Wells Fargo & Company upped their price target on Bank of N.T. Butterfield & Son from $43.00 to $46.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $40.80.

Bank of N.T. Butterfield & Son Price Performance

Shares of NYSE NTB opened at $37.45 on Friday. The company has a market capitalization of $1.78 billion, a PE ratio of 7.93 and a beta of 0.82. The company has a quick ratio of 0.66, a current ratio of 0.63 and a debt-to-equity ratio of 0.10. The stock’s 50 day moving average price is $38.11 and its 200-day moving average price is $37.55. The Bank of N.T. Butterfield & Son Limited has a twelve month low of $31.09 and a twelve month high of $41.88.

Bank of N.T. Butterfield & Son (NYSE:NTB) last posted its quarterly earnings data on Monday, February 10th. The bank reported $1.34 earnings per share for the quarter, topping 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%. On average, equities analysts anticipate 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 business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 24th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 4.70%. The ex-dividend date was Monday, February 24th. Bank of N.T. Butterfield & Son’s dividend payout ratio is 37.29%.

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.