Schwab Charles Investment Management Inc. increased its position in shares of Bank of N.T. Butterfield & Son Ltd (NYSE:NTB) by 5.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 172,332 shares of the bank’s stock after acquiring an additional 9,653 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.32% of Bank of N.T. Butterfield & Son worth $7,880,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mckinley Capital Management LLC Delaware acquired a new position in shares of Bank of N.T. Butterfield & Son in the 2nd quarter valued at $130,000. D L Carlson Investment Group Inc. acquired a new position in shares of Bank of N.T. Butterfield & Son in the 1st quarter valued at $224,000. SG Americas Securities LLC acquired a new position in shares of Bank of N.T. Butterfield & Son in the 1st quarter valued at $240,000. Bayesian Capital Management LP acquired a new position in shares of Bank of N.T. Butterfield & Son in the 1st quarter valued at $323,000. Finally, BB&T Securities LLC acquired a new position in shares of Bank of N.T. Butterfield & Son in the 1st quarter valued at $338,000. Hedge funds and other institutional investors own 72.86% of the company’s stock.

Shares of NTB stock opened at $52.03 on Thursday. Bank of N.T. Butterfield & Son Ltd has a 52 week low of $34.86 and a 52 week high of $53.63. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $2.84 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 2.37 and a beta of 0.58.

Bank of N.T. Butterfield & Son (NYSE:NTB) last issued its earnings results on Wednesday, July 25th. The bank reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.04. Bank of N.T. Butterfield & Son had a net margin of 35.22% and a return on equity of 21.83%. The business had revenue of $129.34 million for the quarter, compared to the consensus estimate of $126.52 million. equities analysts expect that Bank of N.T. Butterfield & Son Ltd will post 3.65 earnings per share for the current year.

A number of brokerages have weighed in on NTB. TheStreet upgraded shares of Bank of N.T. Butterfield & Son from a “c” rating to a “b-” rating in a report on Monday, September 17th. Raymond James lifted their price target on shares of Bank of N.T. Butterfield & Son from $52.00 to $55.00 and gave the company an “outperform” rating in a report on Monday, July 30th. Finally, Zacks Investment Research upgraded shares of Bank of N.T. Butterfield & Son from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Friday, July 13th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Bank of N.T. Butterfield & Son has an average rating of “Buy” and an average price target of $52.33.

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 deposits. 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.

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

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