Dimensional Fund Advisors LP boosted its position in shares of Bank of N.T. Butterfield & Son Ltd (NYSE:NTB) by 8.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 747,515 shares of the bank’s stock after purchasing an additional 57,763 shares during the period. Dimensional Fund Advisors LP’s holdings in Bank of N.T. Butterfield & Son were worth $23,435,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in NTB. Vanguard Group Inc. grew its holdings in shares of Bank of N.T. Butterfield & Son by 6.3% in the 3rd quarter. Vanguard Group Inc. now owns 855,100 shares of the bank’s stock valued at $44,346,000 after acquiring an additional 50,363 shares in the last quarter. Macquarie Group Ltd. grew its holdings in shares of Bank of N.T. Butterfield & Son by 133.9% in the 4th quarter. Macquarie Group Ltd. now owns 845,569 shares of the bank’s stock valued at $26,509,000 after acquiring an additional 484,016 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Bank of N.T. Butterfield & Son by 7.8% in the 4th quarter. Raymond James & Associates now owns 827,487 shares of the bank’s stock valued at $25,942,000 after acquiring an additional 59,684 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Bank of N.T. Butterfield & Son by 0.6% in the 4th quarter. Northern Trust Corp now owns 531,474 shares of the bank’s stock valued at $16,662,000 after acquiring an additional 2,985 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Bank of N.T. Butterfield & Son by 3.2% in the 4th quarter. Bank of America Corp DE now owns 374,407 shares of the bank’s stock valued at $11,738,000 after acquiring an additional 11,578 shares in the last quarter. Hedge funds and other institutional investors own 71.61% of the company’s stock.

Bank of N.T. Butterfield & Son stock opened at $33.98 on Tuesday. Bank of N.T. Butterfield & Son Ltd has a 52 week low of $29.42 and a 52 week high of $53.63. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market cap of $1.81 billion, a P/E ratio of 9.63, a price-to-earnings-growth ratio of 1.43 and a beta of 1.94.

Bank of N.T. Butterfield & Son (NYSE:NTB) last posted its quarterly earnings results on Thursday, April 25th. The bank reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.07. Bank of N.T. Butterfield & Son had a return on equity of 23.28% and a net margin of 37.06%. The business had revenue of $131.36 million during the quarter, compared to analysts’ expectations of $133.29 million. During the same quarter last year, the company posted $0.81 earnings per share. As a group, sell-side analysts predict that Bank of N.T. Butterfield & Son Ltd will post 3.85 EPS for the current year.

The firm also recently declared a dividend, which was paid on Friday, May 17th. Investors of record on Monday, May 6th were issued a dividend of $0.44 per share. The ex-dividend date was Friday, May 3rd.

A number of equities analysts recently commented on NTB shares. Zacks Investment Research cut Bank of N.T. Butterfield & Son from a “hold” rating to a “sell” rating in a report on Thursday, March 14th. ValuEngine cut Bank of N.T. Butterfield & Son from a “hold” rating to a “sell” rating in a report on Friday, February 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $45.25.

ILLEGAL ACTIVITY WARNING: This news story was first reported by Watch List News and is owned by of Watch List News. If you are reading this news story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.watchlistnews.com/dimensional-fund-advisors-lp-grows-holdings-in-bank-of-n-t-butterfield-son-ltd-ntb/3030889.html.

Bank of N.T. Butterfield & Son Profile

The Bank of N.T. Butterfield & Son Limited provides a range of community, commercial, and private banking services to individuals and small to medium-sized businesses. It accepts retail and corporate checking, savings, term, and non-interest bearing deposits, as well as certificates of deposit. The company's lending portfolio includes residential mortgage lending, automobile financing, consumer financing, credit cards, overdraft facilities, commercial real estate lending, and commercial and industrial loans.

See Also: Producer Price Index (PPI)

Want to see what other hedge funds are holding NTB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank of N.T. Butterfield & Son Ltd (NYSE:NTB).

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

Receive News & Ratings for Bank of N.T. Butterfield & Son Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of N.T. Butterfield & Son and related companies with MarketBeat.com's FREE daily email newsletter.