The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Shares Bought by Invesco Ltd.

Invesco Ltd. boosted its holdings in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 868,888 shares of the bank’s stock after purchasing an additional 27,619 shares during the quarter. Invesco Ltd.’s holdings in Bank of N.T. Butterfield & Son were worth $31,758,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NTB. R Squared Ltd purchased a new position in shares of Bank of N.T. Butterfield & Son during the 4th quarter valued at approximately $72,000. Raymond James Financial Inc. acquired a new position in Bank of N.T. Butterfield & Son during the fourth quarter worth $219,000. Handelsbanken Fonder AB purchased a new position in Bank of N.T. Butterfield & Son during the fourth quarter valued at $230,000. Stifel Financial Corp grew 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 valued at $289,000 after purchasing an additional 602 shares during the period. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Bank of N.T. Butterfield & Son during the fourth quarter worth about $291,000. 62.73% of the stock is owned by institutional investors and hedge funds.

Bank of N.T. Butterfield & Son Trading Up 0.6 %

Shares of Bank of N.T. Butterfield & Son stock opened at $37.45 on Friday. The Bank of N.T. Butterfield & Son Limited has a 1-year low of $30.22 and a 1-year high of $41.88. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.63 and a quick ratio of 0.66. The stock has a market cap of $1.78 billion, a P/E ratio of 7.93 and a beta of 0.82. The stock’s 50 day simple moving average is $38.17 and its 200-day simple moving average is $37.53.

Bank of N.T. Butterfield & Son (NYSE:NTB) last issued its earnings results on Monday, February 10th. The bank reported $1.34 earnings per share (EPS) 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%. Analysts predict 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 company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 24th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date was Monday, February 24th. Bank of N.T. Butterfield & Son’s dividend payout ratio (DPR) is presently 37.29%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NTB. 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 note on Wednesday, February 12th. Wells Fargo & Company lifted 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 research note on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Bank of N.T. Butterfield & Son has an average rating of “Moderate Buy” and an average price target 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.