6 days Ago By ABMN Staff
Franklin Resources Inc. trimmed its stake in shares of The Bank of N.T.
Butterfield & Son Limited ( NYSE:NTB – Free Report ) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,375 shares of the bank’s stock after selling 343 shares during the period.
Franklin Resources Inc.’s holdings in Bank of N.T.
Butterfield & Son were worth $1,439,000 at the end of the most recent reporting period. Several other institutional investors have also modified their holdings of NTB. Jane Street Group LLC raised its holdings in Bank of N.
T. Butterfield & Son by 42.7% during the third quarter.
Jane Street Group LLC now owns 71,567 shares of the bank’s stock worth $2,639,000 after purchasing an additional 21,430 shares during the last quarter. Barclays PLC raised its stake in shares of Bank of N.T.
Butterfield & Son by 276.9% during the 3rd quarter. Barclays PLC now owns 60,763 shares of the bank’s stock worth $2,241,000 after buying an additional 44,641 shares during the last quarter.
JPMorgan Chase & Co. boosted its position in shares of Bank of N.T.
Butterfield & Son by 4.5% in the 3rd quarter. JPMorgan Chase & Co.
now owns 1,124,633 shares of the bank’s stock worth $41,476,000 after buying an additional 48,463 shares in the last quarter. Handelsbanken Fonder AB acquired a new stake in Bank of N.T.
Butterfield & Son in the 4th quarter valued at about $230,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Bank of N.T.
Butterfield & Son during the 4th quarter valued at about $359,000. Hedge funds and other institutional investors own 62.73% of the company’s stock.
Wall Street Analyst Weigh In Several analysts have issued reports on the stock. Wells Fargo & Company upped their price target on shares of 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 increased 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 report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock.
According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $40.80.
Bank of N.T. Butterfield & Son Stock Performance Shares of NTB opened at $36.
49 on Tuesday. The Bank of N.T.
Butterfield & Son Limited has a 1 year low of $30.07 and a 1 year high of $41.88.
The company’s 50 day simple moving average is $38.22 and its 200 day simple moving average is $37.53.
The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 7.73 and a beta of 0.
82. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.
66 and a current ratio of 0.63. Bank of N.
T. Butterfield & Son ( NYSE:NTB – Get Free Report ) last issued its quarterly earnings results on Monday, February 10th. The bank reported $1.
34 earnings per share for the quarter, topping 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%. On average, sell-side analysts predict 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 firm also recently declared a quarterly dividend, which was paid on Monday, March 10th.
Shareholders of record on Monday, February 24th were issued a $0.44 dividend. This represents a $1.
76 annualized dividend and a yield of 4.82%. The ex-dividend date was Monday, February 24th.
Bank of N.T. Butterfield & Son’s dividend payout ratio (DPR) is 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.
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