1 week Ago By ABMN Staff
JPMorgan Chase & Co. lowered its position in The Bank of N.T.
Butterfield & Son Limited ( NYSE:NTB – Free Report ) by 30.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 784,260 shares of the bank’s stock after selling 340,373 shares during the quarter.
JPMorgan Chase & Co.’s holdings in Bank of N.T.
Butterfield & Son were worth $28,665,000 as of its most recent filing with the Securities and Exchange Commission. Other large investors have also modified their holdings of the company. Point72 Asset Management L.
P. increased its holdings in shares of Bank of N.T.
Butterfield & Son by 294.4% in the 3rd quarter. Point72 Asset Management L.
P. now owns 7,100 shares of the bank’s stock valued at $262,000 after acquiring an additional 5,300 shares during the period. Point72 DIFC Ltd grew its position in Bank of N.
T. Butterfield & Son by 370.1% during the 3rd quarter.
Point72 DIFC Ltd now owns 1,368 shares of the bank’s stock worth $50,000 after purchasing an additional 1,077 shares during the last quarter. Stifel Financial Corp increased its stake in 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.
Jane Street Group LLC raised its holdings in shares of Bank of N.T. Butterfield & Son by 42.
7% in the third quarter. Jane Street Group LLC now owns 71,567 shares of the bank’s stock valued at $2,639,000 after buying an additional 21,430 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Bank of N.
T. Butterfield & Son during the third quarter worth about $2,769,000. 62.
73% of the stock is owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades Several equities analysts recently issued reports on NTB shares. Keefe, Bruyette & Woods boosted 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 research report on Wednesday, February 12th. Wells Fargo & Company lifted their target price on Bank of N.T.
Butterfield & Son from $43.00 to $46.00 and gave the company 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.
80. Bank of N.T.
Butterfield & Son Stock Down 0.9 % Shares of NYSE:NTB opened at $35.65 on Wednesday.
The Bank of N.T. Butterfield & Son Limited has a fifty-two week low of $30.
07 and a fifty-two week high of $41.88. 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 firm’s 50-day simple moving average is $38.32 and its 200-day simple moving average is $37.56.
The company has a market cap of $1.69 billion, a price-to-earnings ratio of 7.55 and a beta of 0.
82. Bank of N.T.
Butterfield & Son ( NYSE:NTB – Get Free Report ) last announced its quarterly earnings data on Monday, February 10th. The bank reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates 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%. As a group, equities research analysts predict 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 Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were paid a $0.
44 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.
76 dividend on an annualized basis and a dividend yield of 4.94%. Bank of N.
T. Butterfield & Son’s dividend payout ratio (DPR) 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. Recommended Stories 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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