State of Wisconsin Investment Board decreased its stake in Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) by 7.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 161,300 shares of the bank’s stock after selling 13,700 shares during the period. State of Wisconsin Investment Board owned about 0.30% of Bank of N.T. Butterfield & Son Limited (The) worth $5,500,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in Bank of N.T. Butterfield & Son Limited (The) during the first quarter valued at $161,000. PNC Financial Services Group Inc. acquired a new stake in Bank of N.T. Butterfield & Son Limited (The) during the first quarter valued at $190,000. California Public Employees Retirement System acquired a new stake in Bank of N.T. Butterfield & Son Limited (The) during the first quarter valued at $233,000. First Interstate Bank boosted its stake in shares of Bank of N.T. Butterfield & Son Limited (The) by 14.8% in the first quarter. First Interstate Bank now owns 7,330 shares of the bank’s stock worth $234,000 after buying an additional 945 shares in the last quarter. Finally, American International Group Inc. purchased a new stake in shares of Bank of N.T. Butterfield & Son Limited (The) during the first quarter worth $234,000. Hedge funds and other institutional investors own 71.25% of the company’s stock.

Shares of Bank of N.T. Butterfield & Son Limited (NTB) opened at 32.84 on Thursday. The stock has a market cap of $1.79 billion and a PE ratio of 21.42. Bank of N.T. Butterfield & Son Limited has a 52 week low of $23.75 and a 52 week high of $35.68. The firm has a 50-day moving average price of $34.05 and a 200-day moving average price of $33.32.

Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) last released its quarterly earnings data on Tuesday, July 25th. The bank reported $0.67 earnings per share for the quarter, meeting the consensus estimate of $0.67. The company had revenue of $110.16 million for the quarter, compared to analyst estimates of $109.32 million. Bank of N.T. Butterfield & Son Limited (The) had a return on equity of 17.93% and a net margin of 19.54%. On average, analysts forecast that Bank of N.T. Butterfield & Son Limited will post $2.76 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 28th. Investors of record on Monday, August 14th were given a dividend of $0.32 per share. The ex-dividend date was Thursday, August 10th. This represents a $1.28 dividend on an annualized basis and a yield of 3.90%. Bank of N.T. Butterfield & Son Limited (The)’s dividend payout ratio (DPR) is presently 84.21%.

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Separately, Zacks Investment Research upgraded Bank of N.T. Butterfield & Son Limited (The) from a “sell” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Wednesday, August 9th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $32.25.

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

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 Limited (The) (NYSE:NTB)

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