Hilton Capital Management LLC boosted its position in shares of Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) by 2.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 744,162 shares of the bank’s stock after buying an additional 17,880 shares during the period. Bank of N.T. Butterfield & Son Limited (The) comprises about 4.7% of Hilton Capital Management LLC’s holdings, making the stock its 2nd largest position. Hilton Capital Management LLC owned about 1.36% of Bank of N.T. Butterfield & Son Limited (The) worth $25,376,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in NTB. Quantbot Technologies LP purchased a new position in Bank of N.T. Butterfield & Son Limited (The) during the first quarter worth about $161,000. PNC Financial Services Group Inc. purchased a new position in Bank of N.T. Butterfield & Son Limited (The) during the first quarter worth about $190,000. BNP Paribas Arbitrage SA boosted its position in Bank of N.T. Butterfield & Son Limited (The) by 7,428.9% in the second quarter. BNP Paribas Arbitrage SA now owns 5,722 shares of the bank’s stock worth $195,000 after buying an additional 5,646 shares during the last quarter. California Public Employees Retirement System purchased a new position in Bank of N.T. Butterfield & Son Limited (The) during the first quarter worth about $233,000. Finally, American International Group Inc. purchased a new position in Bank of N.T. Butterfield & Son Limited (The) during the first quarter worth about $234,000. Hedge funds and other institutional investors own 66.16% of the company’s stock.

Bank of N.T. Butterfield & Son Limited (NYSE:NTB) traded up 0.09% during trading on Friday, hitting $33.43. 107,443 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $34.05 and a 200 day moving average price of $33.32. 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.

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

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

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Separately, Zacks Investment Research upgraded shares of Bank of N.T. Butterfield & Son Limited (The) from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research report on Wednesday, June 21st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $32.25.

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.

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

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