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

XTX Topco Ltd acquired a new position in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,526 shares of the bank’s stock, valued at approximately $567,000.

Several other large investors have also bought and sold shares of NTB. R Squared Ltd bought a new position in shares of Bank of N.T. Butterfield & Son in the 4th quarter valued at $72,000. Raymond James Financial Inc. bought a new position in Bank of N.T. Butterfield & Son in the fourth quarter valued at about $219,000. Handelsbanken Fonder AB acquired a new stake in shares of Bank of N.T. Butterfield & Son during the fourth quarter valued at about $230,000. Legal & General Group Plc grew its holdings in shares of Bank of N.T. Butterfield & Son by 5.1% during the fourth quarter. Legal & General Group Plc now owns 7,697 shares of the bank’s stock worth $281,000 after purchasing an additional 374 shares during the last quarter. Finally, Stifel Financial Corp increased its stake 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 buying an additional 602 shares during the period. 62.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on NTB shares. Keefe, Bruyette & Woods lifted their target price on shares of Bank of N.T. Butterfield & Son from $41.00 to $44.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 12th. Wells Fargo & Company boosted 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $40.80.

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

Shares of NYSE NTB opened at $37.45 on Friday. The company’s 50 day moving average price is $38.11 and its 200-day moving average price is $37.55. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.66 and a current ratio of 0.63. The Bank of N.T. Butterfield & Son Limited has a 52-week low of $31.09 and a 52-week high of $41.88. The company has a market capitalization of $1.78 billion, a P/E ratio of 7.93 and a beta of 0.82.

Bank of N.T. Butterfield & Son (NYSE:NTB) last issued its quarterly earnings results on Monday, February 10th. The bank reported $1.34 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%. Equities analysts forecast that The Bank of N.T. Butterfield & Son Limited will post 4.4 earnings per share for the current year.

Bank of N.T. Butterfield & Son Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.76 annualized dividend and a yield of 4.70%. Bank of N.T. Butterfield & Son’s dividend payout ratio is currently 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.