The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Stake Raised by Charles Schwab Investment Management Inc.


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Charles Schwab Investment Management Inc. boosted its holdings in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 215,078 shares of the bank’s stock after acquiring an additional 3,829 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.40% of The Bank of N.T. Butterfield & Son worth $6,702,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of NTB. Nisa Investment Advisors LLC raised its position in The Bank of N.T. Butterfield & Son by 41.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,050 shares of the bank’s stock worth $64,000 after acquiring an additional 600 shares in the last quarter. Meridian Investment Counsel Inc. acquired a new stake in The Bank of N.T. Butterfield & Son during the 4th quarter worth about $215,000. Poplar Forest Capital LLC acquired a new stake in The Bank of N.T. Butterfield & Son during the 4th quarter worth about $245,000. Bailard Inc. acquired a new stake in The Bank of N.T. Butterfield & Son during the 4th quarter worth about $299,000. Finally, Citigroup Inc. raised its holdings in The Bank of N.T. Butterfield & Son by 98.3% during the 4th quarter. Citigroup Inc. now owns 10,429 shares of the bank’s stock worth $323,000 after buying an additional 5,171 shares during the period. Hedge funds and other institutional investors own 63.48% of the company’s stock.

Several analysts have issued reports on the company. Zacks Investment Research upgraded The Bank of N.T. Butterfield & Son from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Wednesday. Citigroup boosted their price objective on The Bank of N.T. Butterfield & Son from $35.00 to $39.00 in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The Bank of N.T. Butterfield & Son presently has an average rating of “Buy” and an average target price of $33.60.

Shares of NYSE:NTB opened at $38.04 on Friday. The firm has a fifty day moving average of $38.20 and a two-hundred day moving average of $32.48. The firm has a market capitalization of $2.05 billion, a P/E ratio of 13.25 and a beta of 1.98. The Bank of N.T. Butterfield & Son Limited has a 12-month low of $16.77 and a 12-month high of $41.36. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.20.

The Bank of N.T. Butterfield & Son (NYSE:NTB) last issued its earnings results on Thursday, February 11th. The bank reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.11. The company had revenue of $123.30 million during the quarter, compared to analyst estimates of $122.27 million. The Bank of N.T. Butterfield & Son had a net margin of 27.50% and a return on equity of 16.10%. The company’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter last year, the business posted $0.87 EPS. Equities research analysts expect that The Bank of N.T. Butterfield & Son Limited will post 2.89 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 10th. Shareholders of record on Wednesday, February 24th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date of this dividend was Tuesday, February 23rd. The Bank of N.T. Butterfield & Son’s dividend payout ratio (DPR) is currently 47.70%.

The Bank of N.T. Butterfield & Son Company 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 interest bearing and non-interest bearing deposits, as well as certificate of deposits.

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

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