Capital World Investors held its position in shares of Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,840,000 shares of the bank’s stock at the close of the second quarter. Capital World Investors owned about 3.37% of Bank of N.T. Butterfield & Son Limited (The) worth $62,744,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Rhumbline Advisers increased its holdings in Bank of N.T. Butterfield & Son Limited (The) by 370.7% during the 2nd quarter. Rhumbline Advisers now owns 58,954 shares of the bank’s stock valued at $2,010,000 after acquiring an additional 46,428 shares in the last quarter. Prudential Financial Inc. purchased a new position in Bank of N.T. Butterfield & Son Limited (The) during the 1st quarter valued at about $1,748,000. Nationwide Fund Advisors increased its holdings in Bank of N.T. Butterfield & Son Limited (The) by 349.8% during the 1st quarter. Nationwide Fund Advisors now owns 22,601 shares of the bank’s stock valued at $721,000 after acquiring an additional 17,576 shares in the last quarter. Parametric Portfolio Associates LLC purchased a new position in Bank of N.T. Butterfield & Son Limited (The) during the 1st quarter valued at about $678,000. Finally, Bank of New York Mellon Corp increased its holdings in Bank of N.T. Butterfield & Son Limited (The) by 6.0% during the 1st quarter. Bank of New York Mellon Corp now owns 81,515 shares of the bank’s stock valued at $2,568,000 after acquiring an additional 4,593 shares in the last quarter. Hedge funds and other institutional investors own 71.06% of the company’s stock.

Several equities analysts have weighed in on the stock. Citigroup Inc. downgraded shares of Bank of N.T. Butterfield & Son Limited (The) from a “buy” rating to a “neutral” rating and set a $37.00 target price for the company. in a report on Monday, September 25th. Zacks Investment Research downgraded shares of Bank of N.T. Butterfield & Son Limited (The) from a “buy” rating to a “hold” rating in a report on Friday, September 29th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $33.40.

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Shares of Bank of N.T. Butterfield & Son Limited (NTB) opened at 36.89 on Friday. The stock has a market capitalization of $2.01 billion and a P/E ratio of 24.06. The stock’s 50 day moving average is $34.27 and its 200-day moving average is $33.66. Bank of N.T. Butterfield & Son Limited has a one year low of $25.02 and a one year high of $37.03.

Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) last issued its quarterly earnings results on Tuesday, July 25th. The bank reported $0.67 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.67. Bank of N.T. Butterfield & Son Limited (The) had a net margin of 19.54% and a return on equity of 17.93%. The company had revenue of $110.16 million during the quarter, compared to the consensus estimate of $109.32 million. On average, equities research analysts expect that Bank of N.T. Butterfield & Son Limited will post $2.77 EPS for the current year.

Bank of N.T. Butterfield & Son Limited (The) Profile

The Bank of N.T. Butterfield & Son Limited (the Bank) provides banking services and wealth management services. The Bank’s geographic segments include Bermuda, the Cayman Islands and Guernsey, where its banking operations are located, and The Bahamas, Switzerland, and the United Kingdom, where it offers specialized financial services.

Institutional Ownership by Quarter for Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB)

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