Shares of Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) have received a consensus recommendation of “Buy” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $30.00.

Separately, Zacks Investment Research raised Bank of N.T. Butterfield & Son Limited (The) from a “sell” rating to a “buy” rating and set a $39.00 price target for the company in a research report on Wednesday, August 9th.

Bank of N.T. Butterfield & Son Limited (NTB) traded up 0.09% during trading on Wednesday, hitting $33.43. The stock had a trading volume of 107,443 shares. The company has a market cap of $1.82 billion and a price-to-earnings ratio of 21.81. Bank of N.T. Butterfield & Son Limited has a 52 week low of $23.75 and a 52 week high of $35.68. The company has a 50-day moving average of $34.05 and a 200 day moving average of $33.32.

Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) last released its quarterly earnings results on Tuesday, July 25th. The bank reported $0.67 EPS for the quarter, meeting analysts’ consensus estimates of $0.67. The business had revenue of $110.16 million during the quarter, compared to analyst estimates of $109.32 million. Bank of N.T. Butterfield & Son Limited (The) had a return on equity of 17.93% and a net margin of 19.54%. On average, equities research analysts anticipate that Bank of N.T. Butterfield & Son Limited will post $2.76 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 28th. Shareholders of record on Monday, August 14th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date is Thursday, August 10th. Bank of N.T. Butterfield & Son Limited (The)’s payout ratio is 84.21%.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NTB. Wellington Management Group LLP raised its position in shares of Bank of N.T. Butterfield & Son Limited (The) by 3.2% in the first quarter. Wellington Management Group LLP now owns 5,243,298 shares of the bank’s stock valued at $167,314,000 after buying an additional 160,828 shares in the last quarter. FMR LLC raised its position in shares of Bank of N.T. Butterfield & Son Limited (The) by 25.5% in the second quarter. FMR LLC now owns 2,188,148 shares of the bank’s stock valued at $74,616,000 after buying an additional 445,000 shares in the last quarter. Southpoint Capital Advisors LP raised its position in shares of Bank of N.T. Butterfield & Son Limited (The) by 28.9% in the second quarter. Southpoint Capital Advisors LP now owns 1,200,000 shares of the bank’s stock valued at $40,920,000 after buying an additional 268,861 shares in the last quarter. Westfield Capital Management Co. LP raised its position in shares of Bank of N.T. Butterfield & Son Limited (The) by 57.3% in the second quarter. Westfield Capital Management Co. LP now owns 1,117,360 shares of the bank’s stock valued at $38,102,000 after buying an additional 407,205 shares in the last quarter. Finally, State Street Corp raised its position in shares of Bank of N.T. Butterfield & Son Limited (The) by 340.7% in the second quarter. State Street Corp now owns 859,224 shares of the bank’s stock valued at $29,300,000 after buying an additional 664,249 shares in the last quarter. 66.16% of the stock is owned by institutional investors and hedge funds.

Bank of N.T. Butterfield & Son Limited (The) 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.

Analyst Recommendations for Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB)

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