Quantbot Technologies LP grew its stake in Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) by 20.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,087 shares of the bank’s stock after acquiring an additional 1,041 shares during the quarter. Quantbot Technologies LP’s holdings in Bank of N.T. Butterfield & Son Limited (The) were worth $207,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of NTB. PNC Financial Services Group Inc. acquired a new stake in shares of Bank of N.T. Butterfield & Son Limited (The) in the 1st quarter worth $190,000. BNP Paribas Arbitrage SA increased its stake in shares of Bank of N.T. Butterfield & Son Limited (The) 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 acquiring an additional 5,646 shares during the last quarter. California Public Employees Retirement System acquired a new stake in shares of Bank of N.T. Butterfield & Son Limited (The) in the 1st quarter worth $233,000. American International Group Inc. acquired a new stake in shares of Bank of N.T. Butterfield & Son Limited (The) in the 1st quarter worth $234,000. Finally, Amalgamated Bank acquired a new stake in shares of Bank of N.T. Butterfield & Son Limited (The) in the 2nd quarter worth $242,000. 71.06% of the stock is owned by institutional investors and hedge funds.

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Shares of Bank of N.T. Butterfield & Son Limited (NTB) opened at 36.65 on Friday. The company’s 50 day moving average price is $34.14 and its 200-day moving average price is $33.63. Bank of N.T. Butterfield & Son Limited has a 12 month low of $25.02 and a 12 month high of $37.03. The firm has a market capitalization of $2.00 billion and a P/E ratio of 23.91.

Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) last released its earnings results on Tuesday, July 25th. The bank reported $0.67 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.67. The firm 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 analysts predict that Bank of N.T. Butterfield & Son Limited will post $2.77 earnings per share for the current fiscal year.

A number of brokerages have issued reports on NTB. Zacks Investment Research downgraded Bank of N.T. Butterfield & Son Limited (The) from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. Citigroup Inc. downgraded Bank of N.T. Butterfield & Son Limited (The) 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. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Bank of N.T. Butterfield & Son Limited (The) currently has a consensus rating of “Hold” and an average price target of $33.40.

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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