Systematic Financial Management LP bought a new stake in shares of Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 46,515 shares of the bank’s stock, valued at approximately $1,704,000. Systematic Financial Management LP owned approximately 0.09% of Bank of N.T. Butterfield & Son at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Ameritas Investment Partners Inc. boosted its position in shares of Bank of N.T. Butterfield & Son by 376.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,723 shares of the bank’s stock worth $161,000 after purchasing an additional 3,732 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Bank of N.T. Butterfield & Son by 7,428.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,722 shares of the bank’s stock worth $195,000 after purchasing an additional 5,646 shares in the last quarter. Quantbot Technologies LP boosted its position in shares of Bank of N.T. Butterfield & Son by 20.6% in the 2nd quarter. Quantbot Technologies LP now owns 6,087 shares of the bank’s stock worth $207,000 after purchasing an additional 1,041 shares in the last quarter. California Public Employees Retirement System acquired a new stake in shares of Bank of N.T. Butterfield & Son in the 1st quarter worth $233,000. Finally, Amalgamated Bank acquired a new stake in shares of Bank of N.T. Butterfield & Son in the 2nd quarter worth $242,000. 73.55% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on NTB. Zacks Investment Research raised Bank of N.T. Butterfield & Son from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Friday, October 27th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $38.00 price objective on shares of Bank of N.T. Butterfield & Son in a research report on Sunday, October 8th. Finally, Citigroup Inc. cut Bank of N.T. Butterfield & Son from a “buy” rating to a “neutral” rating and set a $37.00 price objective for the company. in a research report on Monday, September 25th.

Shares of Bank of N.T. Butterfield & Son Limited (NYSE NTB) opened at $38.29 on Friday. 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 firm has a market capitalization of $2,089.94, a price-to-earnings ratio of 14.03, a PEG ratio of 2.27 and a beta of 1.29. Bank of N.T. Butterfield & Son Limited has a 52-week low of $27.43 and a 52-week high of $38.96.

Bank of N.T. Butterfield & Son (NYSE:NTB) last posted its quarterly earnings data on Wednesday, October 25th. The bank reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.04. The firm had revenue of $112.49 million during the quarter, compared to analysts’ expectations 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 expect that Bank of N.T. Butterfield & Son Limited will post 2.81 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Monday, November 13th will be paid a $0.32 dividend. The ex-dividend date is Friday, November 10th. This represents a $1.28 dividend on an annualized basis and a yield of 3.34%. Bank of N.T. Butterfield & Son’s dividend payout ratio (DPR) is 69.19%.

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Bank of N.T. Butterfield & Son Company 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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