The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Shares Purchased by Invesco Ltd.

Invesco Ltd. increased its holdings in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 868,888 shares of the bank’s stock after buying an additional 27,619 shares during the quarter. Invesco Ltd. owned 1.83% of Bank of N.T. Butterfield & Son worth $31,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. R Squared Ltd purchased a new stake in shares of Bank of N.T. Butterfield & Son during the fourth quarter worth about $72,000. Raymond James Financial Inc. purchased a new stake in Bank of N.T. Butterfield & Son during the 4th quarter worth approximately $219,000. Handelsbanken Fonder AB purchased a new stake in Bank of N.T. Butterfield & Son during the 4th quarter worth approximately $230,000. Stifel Financial Corp increased its stake in Bank of N.T. Butterfield & Son by 8.3% during the 3rd quarter. Stifel Financial Corp now owns 7,832 shares of the bank’s stock valued at $289,000 after purchasing an additional 602 shares in the last quarter. Finally, Exchange Traded Concepts LLC purchased a new position in shares of Bank of N.T. Butterfield & Son in the fourth quarter worth $291,000. 62.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wells Fargo & Company upped 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 report on Wednesday, February 12th. 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 report on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Bank of N.T. Butterfield & Son has a consensus rating of “Moderate Buy” and an average price target of $40.80.

Bank of N.T. Butterfield & Son Price Performance

NYSE:NTB opened at $37.45 on Friday. The firm’s fifty day moving average is $38.17 and its two-hundred day moving average is $37.53. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 7.93 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. The Bank of N.T. Butterfield & Son Limited has a one year low of $30.22 and a one year high of $41.88.

Bank of N.T. Butterfield & Son (NYSE:NTB) last issued its earnings results on Monday, February 10th. The bank reported $1.34 EPS 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%. Research analysts expect 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 company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 24th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 4.70%. The ex-dividend date was Monday, February 24th. Bank of N.T. Butterfield & Son’s dividend payout ratio (DPR) is 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.