Principal Financial Group Inc. lessened its holdings in shares of Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) by 37.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,126 shares of the bank’s stock after selling 3,668 shares during the period. Principal Financial Group Inc.’s holdings in Bank of N.T. Butterfield & Son were worth $224,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Ameritas Investment Partners Inc. grew its holdings in shares of Bank of N.T. Butterfield & Son by 376.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,723 shares of the bank’s stock worth $161,000 after acquiring an additional 3,732 shares during the period. BNP Paribas Arbitrage SA grew its holdings in shares of Bank of N.T. Butterfield & Son by 7,428.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,722 shares of the bank’s stock worth $195,000 after acquiring an additional 5,646 shares during the period. Quantbot Technologies LP grew its holdings in shares of Bank of N.T. Butterfield & Son by 20.6% during the 2nd quarter. Quantbot Technologies LP now owns 6,087 shares of the bank’s stock worth $207,000 after acquiring an additional 1,041 shares during the period. California Public Employees Retirement System purchased a new position in shares of Bank of N.T. Butterfield & Son during the 1st quarter worth approximately $233,000. Finally, Amalgamated Bank purchased a new position in shares of Bank of N.T. Butterfield & Son during the 2nd quarter worth approximately $242,000. Institutional investors own 72.52% of the company’s stock.

Bank of N.T. Butterfield & Son Limited (NTB) traded up $0.53 during mid-day trading on Monday, hitting $37.71. The company’s stock had a trading volume of 669,800 shares, compared to its average volume of 311,995. Bank of N.T. Butterfield & Son Limited has a 1 year low of $29.81 and a 1 year high of $40.80. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market cap of $2,058.29, a P/E ratio of 13.81, a price-to-earnings-growth ratio of 2.23 and a beta of 1.37.

Bank of N.T. Butterfield & Son (NYSE:NTB) last posted its quarterly earnings results on Wednesday, October 25th. The bank reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.04. The company had revenue of $112.49 million for the quarter, compared to the consensus estimate of $111.66 million. Bank of N.T. Butterfield & Son had a return on equity of 19.90% and a net margin of 22.83%. research analysts forecast that Bank of N.T. Butterfield & Son Limited will post 2.82 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 27th. Investors of record on Monday, November 13th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $1.28 annualized dividend and a dividend yield of 3.39%. Bank of N.T. Butterfield & Son’s payout ratio is currently 69.19%.

A number of research analysts have weighed in on the company. Zacks Investment Research downgraded Bank of N.T. Butterfield & Son from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $38.00 target price on shares of Bank of N.T. Butterfield & Son in a report on Sunday, October 8th. Finally, Citigroup downgraded Bank of N.T. Butterfield & Son from a “buy” rating to a “neutral” rating and set a $37.00 target price on the stock. in a report on Monday, September 25th.

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Bank of N.T. Butterfield & Son 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.

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

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