American Century Companies Inc. Raises Stock Position in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

American Century Companies Inc. raised its stake in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) by 9.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,142,830 shares of the bank’s stock after purchasing an additional 103,339 shares during the period. American Century Companies Inc. owned 2.40% of Bank of N.T. Butterfield & Son worth $41,770,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Point72 DIFC Ltd raised its position in shares of 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. R Squared Ltd purchased a new stake in Bank of N.T. Butterfield & Son during the 4th quarter worth approximately $72,000. Quarry LP raised its holdings in shares of Bank of N.T. Butterfield & Son by 223.7% during the third quarter. Quarry LP now owns 2,564 shares of the bank’s stock valued at $95,000 after acquiring an additional 1,772 shares during the last quarter. Infrastructure Capital Advisors LLC purchased a new position in shares of Bank of N.T. Butterfield & Son in the third quarter valued at approximately $216,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Bank of N.T. Butterfield & Son in the fourth quarter valued at approximately $219,000. Institutional investors and hedge funds own 62.73% of the company’s stock.

Analyst Ratings Changes

NTB has been the subject of several recent research reports. Keefe, Bruyette & Woods increased their price objective 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. Wells Fargo & Company raised their price target 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 equities research 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 company has an average rating of “Moderate Buy” and an average target price of $40.80.

Bank of N.T. Butterfield & Son Stock Performance

Shares of Bank of N.T. Butterfield & Son stock opened at $39.29 on Friday. 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 business’s 50 day moving average price is $38.15 and its 200 day moving average price is $37.56. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 8.32 and a beta of 1.10. The Bank of N.T. Butterfield & Son Limited has a one year low of $30.07 and a one year high of $41.88.

Bank of N.T. Butterfield & Son (NYSE:NTB) last posted its quarterly 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%. On average, research 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 Dividend Announcement

The company also recently declared 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 4.48%. Bank of N.T. Butterfield & Son’s dividend payout ratio (DPR) is 37.29%.

Bank of N.T. Butterfield & Son Company Profile

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.