2 weeks Ago By ABMN Staff
Corebridge Financial Inc. decreased its position in shares of The Bank of N.T.
Butterfield & Son Limited ( NYSE:NTB – Free Report ) by 11.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,068 shares of the bank’s stock after selling 2,806 shares during the period.
Corebridge Financial Inc.’s holdings in Bank of N.T.
Butterfield & Son were worth $807,000 at the end of the most recent quarter. A number of other hedge funds also recently bought and sold shares of NTB. Clear Harbor Asset Management LLC increased its position in Bank of N.
T. Butterfield & Son by 2.7% during the fourth quarter.
Clear Harbor Asset Management LLC now owns 11,540 shares of the bank’s stock worth $422,000 after acquiring an additional 300 shares during the period. Stifel Financial Corp grew its position in Bank of N.T.
Butterfield & Son by 8.3% in the 3rd quarter. Stifel Financial Corp now owns 7,832 shares of the bank’s stock worth $289,000 after purchasing an additional 602 shares during the last quarter.
Harbor Capital Advisors Inc. increased its holdings in shares of Bank of N.T.
Butterfield & Son by 1.1% during the 4th quarter. Harbor Capital Advisors Inc.
now owns 88,519 shares of the bank’s stock worth $3,235,000 after purchasing an additional 971 shares during the period. Point72 DIFC Ltd raised its position in shares of Bank of N.T.
Butterfield & Son by 370.1% during the third quarter. Point72 DIFC Ltd now owns 1,368 shares of the bank’s stock valued at $50,000 after buying an additional 1,077 shares during the last quarter.
Finally, Quarry LP lifted its stake in shares of Bank of N.T. Butterfield & Son by 223.
7% in the third quarter. Quarry LP now owns 2,564 shares of the bank’s stock valued at $95,000 after buying an additional 1,772 shares during the period. 62.
73% of the stock is currently owned by institutional investors. Analysts Set New Price Targets Several equities analysts have commented on NTB shares. Wells Fargo & Company upped 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. Keefe, Bruyette & Woods upped their target price on 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.
One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $40.
80. Bank of N.T.
Butterfield & Son Stock Down 2.2 % Shares of NTB opened at $36.25 on Friday.
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 company has a 50-day moving average price of $38.36 and a two-hundred day moving average price of $37.
61. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 7.
68 and a beta of 1.10. The Bank of N.
T. Butterfield & Son Limited has a 12 month low of $30.07 and a 12 month high of $41.
88. Bank of N.T.
Butterfield & Son ( NYSE:NTB – Get Free Report ) last posted its earnings results on Monday, February 10th. The bank reported $1.34 EPS 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%. Equities 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 Announces Dividend The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 24th were paid a $0.
44 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.
76 annualized dividend and a dividend yield of 4.86%. Bank of N.
T. Butterfield & Son’s dividend payout ratio is presently 37.29%.
Bank of N.T. Butterfield & Son Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding NTB? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for The Bank of N.T. Butterfield & Son Limited ( NYSE:NTB – Free Report ).
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