Keeley Teton Advisors LLC Invests $6.71 Million in Bank of N.T. Butterfield & Son Limited (The) (NTB)

Keeley Teton Advisors LLC bought a new position in shares of Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 183,205 shares of the bank’s stock, valued at approximately $6,713,000. Keeley Teton Advisors LLC owned about 0.34% of Bank of N.T. Butterfield & Son as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Alps Advisors Inc. grew its stake in Bank of N.T. Butterfield & Son by 0.3% in the second quarter. Alps Advisors Inc. now owns 14,423 shares of the bank’s stock valued at $492,000 after acquiring an additional 37 shares during the period. Parametric Portfolio Associates LLC grew its stake in Bank of N.T. Butterfield & Son by 1.1% in the second quarter. Parametric Portfolio Associates LLC now owns 21,476 shares of the bank’s stock valued at $732,000 after acquiring an additional 243 shares during the period. GSA Capital Partners LLP grew its stake in Bank of N.T. Butterfield & Son by 2.5% in the second quarter. GSA Capital Partners LLP now owns 14,781 shares of the bank’s stock valued at $504,000 after acquiring an additional 361 shares during the period. Quantbot Technologies LP grew its stake in Bank of N.T. Butterfield & Son by 20.6% in the second quarter. Quantbot Technologies LP now owns 6,087 shares of the bank’s stock valued at $207,000 after acquiring an additional 1,041 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Bank of N.T. Butterfield & Son by 0.8% in the third quarter. Bank of New York Mellon Corp now owns 194,532 shares of the bank’s stock valued at $7,004,000 after acquiring an additional 1,568 shares during the period. Institutional investors own 72.52% of the company’s stock.

A number of research firms have issued reports on NTB. Zacks Investment Research cut Bank of N.T. Butterfield & Son from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Citigroup lowered Bank of N.T. Butterfield & Son from a “buy” rating to a “neutral” rating and set a $37.00 price target on the stock. in a report on Monday, September 25th.

Shares of Bank of N.T. Butterfield & Son Limited (NTB) traded up $0.10 during trading on Thursday, hitting $38.00. The stock had a trading volume of 365,600 shares, compared to its average volume of 313,869. The company has a market capitalization of $2,068.65, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 2.25 and a beta of 1.37. Bank of N.T. Butterfield & Son Limited has a 12 month low of $28.37 and a 12 month high of $40.80. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.15.

Bank of N.T. Butterfield & Son (NYSE:NTB) last issued its quarterly earnings results on Wednesday, October 25th. The bank reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The company had revenue of $112.49 million for the quarter, compared to analyst estimates 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%. analysts expect that Bank of N.T. Butterfield & Son Limited will post 2.81 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, November 27th. Investors of record on Monday, November 13th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $1.28 annualized dividend and a yield of 3.37%. Bank of N.T. Butterfield & Son’s payout ratio is presently 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.

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

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